May 17th, 2018 | 0 commentsDana Gas on Wednesday announced it has received a dividend payment of AED 83.5 million ($22.75 million) from Pearl Petroleum Company Limited in the Kurdistan Region of Iraq following the first quarter of 2018. The Abu Dhabi-listed gas firm has obtained total dividend payments from Pearl Petroleum of AED 135 million ($36.75 million) for th...
May 2nd, 2018 | 0 commentsPakistan’s Lucky Cement has announced a plan to build a greenfield clinker production facility in Samawah. The plant will have a capacity of 1.2 million tons per annum, and will be set up as a joint venture project with the company’s existing local partner. The company already has a cement grinding unit in Basra, which Iraq Business News...
April 30th, 2018 | 0 commentsBasra Oil Company (BOC) has signed contracts with the Chinese company Anton Oilfield Services Group (Antonoil) and the US company KBR to operate and maintain the Majnoon oil field. A statement from the Ministry of Oil put the value of the contracts at $118 million, adding that there would be “other secondary contracts” to follow. BOC will...
April 24th, 2018 | 0 commentsIraq’s Ministry of Oil has announced final oil exports for March of 107,050,000 barrels, giving an average for the month of 3.453 million barrels per day (bpd), a slight increase from the 3.426 bpd exported in February. The exports were entirely from the southern terminals, through 39 international companies, with no exports registered fr...
April 24th, 2018 | 0 commentsGermany’s Siemens has won a contract to add 700 megawatts (MW) to the Rumaila Gas Power Plant, which currently has a power generation capacity of 1500 MW. Siemens will supply its highly-efficient SST-5000 steam turbines, ensuring the additional power supply comes at no extra fuel requirement while increasing the overall power plant effici...
April 24th, 2018 | 0 commentsThe Qatari transport and communications ministry announced the launch of new shipping line between Qatar and the Iraqi port of Umm Qasr. The new line will be opened by the beginning of May 2018. The step enhances the cooperation between the two Arab countries in the transportation field. Qatar, the world's top exporter of liquefied natura...
April 16th, 2018 | 0 commentsSaudi food provider Goody has signed a contract with the Iraqi National Company to market and distribute its food products in Iraq. The agreement comes as part of a large Saudi-Iraqi event titled “One Family Brought Together on a Dining Table” which saw other Saudi and Iraqi companies sign deals. The event aims to bolster bilateral relati...
April 11th, 2018 | 0 commentsThe Independent High Electoral Commission in Iraq (IHEC) yesterday announced that it had chosen more than 245,000 employees from around the country to supervise the parliamentary elections slated to take place in May, the Anadolu Agency reported. In a press conference, the head of the IHEC, Riyadh Al-Badran, said: “More than 445,000 appli...
April 11th, 2018 | 0 commentsProminent Iraqi Shia cleric and opposition leader Muqtada al-Sadr has declared his willingness to mediate between Saudi Arabia and Iran with a view to mitigating tensions between the two regional powerhouses. The offer came in a Tuesday statement issued by al-Sadr’s office in response to questions regarding the possibility of an Iraq-brok...
April 11th, 2018 | 0 commentsOil executives have told Reuters that the Iraqi Oil Ministry has signed a two-year contract with China’s Anton Oilfield Services (Antonoil) and Petrofac to operate the giant Majnoon oilfield (pictured). The companies will operate the oilfield on behalf of the state-owned Basra Oil Company (BOC), which will take over operations from Shell...
