By John Lee. Oil Minister Ihssan Abdul-Jabbar Ismail has given further details of the seven "alternative energy" plants that will be built, clarifying that they will all be solar power plants. The projects will have a combined capacity of 750MW, with the largest being a 300-MW facility in Karbala. There will also be plants in […]
By John Lee. The Iraqi Cabinet has agreed to approve a recommendation from the National Investment Commission (NIC) for the Ministry of Electricity to proceed with an investment project for the construction of seven "alternative energy" power plants. The new power stations are to be built in Karbala, Wasit, Babylon, and Al-Muthanna provinces. (Source: Govt […]
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunity: Cattle stations in Wasit (Source: National Investment Commission)
By John Lee. The new Chair of Iraq's National Investment Commission (NIC) has been visiting investment opportunites throughout the country. During a visit to Wasit Province, Suha Dawood Najar [Suha Dawud Elias Al-Najjar] (pictured) said that Iraqi investors hae the financial and professional capacity to gear up with the Iraqi economy, especially if partnered and […]
The Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister thanked health teams for their sacrifices on the front line during the Covid-19 pandemic. The Cabinet received a briefing from the Minister of Health on the latest developments and the […]
By John Lee. Iraq's oil ministry has denied a report from Bloomberg that it plans to shut down the al-Ahdab oil field in Wasit due to protests. In a statement the Ministry said the protests near the field are not related to the oil industry, but to the administration of the province. (Source: Ministry of […]
By John Lee. The Iraqi Ministry of Oil has reportedly announced that it will select a number of international investment companies to build five new refineries around the country: Kirkuk with a capacity of 70,000 barrels per day (bpd); Wasit capacity of 140,000 bpd; Nasiriyah capacity of 140,000 bpd; Basra card 140,000 bpd; and al-Faw […]
By John Lee. Iraq's Ministry of Oil has invited international companies to bid for three new oil refineries, to be build on BOOT or BOO bases: Kut, in Wasit governorate, with a capacity of 100,000 bpd; Hadeetha, in Anbar governorate, with a capacity of 70,000 bpd; Diwaniya governorate, with a capacity of 70,000 bpd. (Source: […]
By John Lee. Shares in Irish-based Petrel Resources were trading 20 percent down on Friday after the company said it had reached a settlement in respect of the disposal of 2.2 million Petrel shares by Amira Petroleum's advisers notwithstanding a lock-in agreement entered into on 19 August 2013. According to the company: On 14 August […]
By John Lee. Russia's Gazprom Neft has reportedly started production of liquid petroleum gas (LPG) at its Badra field in Wasit Province. According to Energy Business Review, the company has started trial shipments of LPG to Iraq’s state-owned gas filling company, and to the Az-Zubaydiyah power station. The facility is expected to be operation in […]
By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. In a meeting held Feb. 21, Najaf’s provincial council followed in the footsteps of Dhi Qar, Muthanna, Wasit and Diwaniyah and voted against the privatization of the electricity sector in […]
By John Lee. The senior deputy minister for oil has said that production at the Badra oilfield in Wasit province will reach 65,000 bpd by the end of this year. Fayadh H. Niema made the announcement during his inspection visit to two oil and gas treatment units at the field. Assim Jihad, spokesman for the […]
