Tag Archives | WW

Parker Drilling Wins Contract at Qara Dagh

Genel Energy has announced the signing of a contract with Parker Drilling for the drilling of the QD-2 well on the Qara Dagh field (Genel 40% working interest, operator), in the Kurdistan Region of Iraq. The QD-2 well will test the structural crest 10 km to the north-west of the QD-1 well, which tested sweet, […]

New USAID Funding for Victims of ISIS Genocide

U.S. Agency for International Development (USAID) Administrator Mark Green announced the first tranche of recipients under USAID’s New Partnerships Initiative (NPI) on Thursday during his remarks at the Accord Network’s Annual Forum. The organizations will carry out programs that improve global health outcomes in USAID’s partner countries, and assist populations in the Republic of Iraq […]

ACWA Power Signs MoU with Iraq Energy Institute

ACWA Power, a Saudi-based developer, owner, and operator of power generation and water desalination plants, has signed a Memorandum of Understanding (MoU) with Iraq Energy Institute (IEI), an independent non-profit policy institute, to collaborate on research development projects and enhance capacity building programs that will contribute to the optimum development of Iraq’s energy sector. The […]

Petrel Resources eyes Opportunities in Iraq

By John Lee. Irish-based Petrel Resources has said that one of its main priorities has been re-building its presence in Iraq. In its financial results for the six months ended 30th June 2019, the company said: “While challenges remain, the Iraqi government encourages international investors with Iraqi operating experience.  The security situation has dramatically improved […]

ASEC to run Qarachog Cement Plant

By John Lee. The Arab Swiss Engineering Company (ASEC) has reportedly signed a three-year agreement with Iraq’s KAR Group for the operation and maintenance of the Qarachough [Qarachog] Cement Plant near Erbil. According to World Cement, the plant has a capacity of 1.9 million tonnes per year. (Source: World Cement)

Boskalis to build Oil Export Island in Gulf

By John Lee. Dutch company Royal Boskalis Westminster has signed a ‘memorandum of principles’ to construct an industrial island for the Basra Oil Company (BOC) in Iraq’s territorial waters in the Gulf. Iraqi oil minister Thamir Ghadhban said the project will add export capacity of 3 million barrels per day (bpd). The Dutch Ambassador to […]

Scottish Sweet Company booming in Iraq

By John Lee. A Scottish sweet manufacturer is reportedly seeing sales of its fudge and toffee surge in Iraqi Kurdistan. According to a BBC report, Golden Casket linked up with Sulaymaniyah-based businessman Farhad Haseb to sell the confectionery to upmarket stores in Erbil and Dohuk, as well as other towns and cities in the region. […]

TBI partners with Indian Firm for Fintech Development

By John Lee. The state-owned Trade Bank of Iraq (TBI) has reportedly signed a Memorandum of Understanding with India-based ESDS Software Solution to develop financial technology and a cloud platform in Iraq. According to Zawya, Alpen Capital (ME) Limited acted as the sole advisor for the transaction between the two firms, which aims to “establish […]

KNM Wins Contract at Khor Al Zubair

By John Lee. FBM-KNM FZCO, an indirect wholly-owned subsidiary of Malaysia’s KNM Group, has been awarded a contract for the supply and delivery of replacement heat exchangers to the Khor Al Zubair’s gas processing plant in Basrah Province. According to a regulatory statement, the contract from Basra Gas Company (BGC) is worth USD 2.096 million […]

Kuwaiti Company granted Iraqi Telecom Licence

By John Lee. Kuwait’s Qualitynet is reported to have been granted a licence to provide internet, telecommunications and satellite services in Iraq. According to CommsMEA, the move makes it the first Kuwaiti telecommunications service provider to win a service licence in the country. Said Qualitynet CEO Mohammed Nizar Al-Nusif is quoted as saying: “Winning this […]

Another UK-based Recruiter Expands into Iraq

By John Lee. UK-based recruiter Samuel Knight International has reportedly announced plans to open a new office in Baghdad. According to Business Leader, the company focuses on the rail and energy sectors, and recently received investment from Gresham House Ventures. In recent days, another British recruitment agency, SSK Recruitment, was reported to be looking to […]