The representative of the Ministry of the Interior for Illegal Immigration, Mohammed Al-Shaibani, recently received the Ambassador of the European Union to Libya, in the presence of the director of the branches of the illegal immigration agency. During the meeting, which was held at the headquarters of the ministry in Tripoli, the Ambassador discussed among… Read More
$1Bn UK Financing for Iraqi Electricity
UK Export Finance (UKEF) has announced it will support UK firms with US $1.02 billion to build two new power stations in Iraq and support the restoration of a number of electricity substations in the country. US $1.02 billion in support for UK firms to build two new power stations Agreement will help build and… Read More
Russia Wants More Projects with Iraq
Russian Foreign Minister Sergey Lavrov has said that Moscow is very interested in increasing trade, economic and investment ties with Iraq. Following a meeting on Wednesday with Iraqi Foreign Minister Mohamed Ali Alhakim, he said: “In the field of investment, especially in the hydrocarbon sector, there is a very good result. Lukoil, Gazprom Neft, SoyuzNefteGaz… Read More
Sallyport Wins $375 Million Iraq Contract
US-based Sallyport Global Holdings has been awarded a not-to-exceed $375,000,000 cost-plus-fixed-fee undefinitized contract action to provide base operations support, base life support, and security services in the support of the Iraq F-16 program. Work will be performed on Balad Air Base, Iraq, and is expected to be completed by Jan. 30, 2020. This contract was… Read More
Iraq Activates Supreme Anti-Corruption Council
Iraqi Prime Minister Adel Abdul Mahdi has restructured the Supreme Anti-Corruption Council founded by his predecessor Haider al-Abadi in October 2015. Abdul Mahdi said Jan. 9 that he would make every effort to allow the council to play a successful role. On Dec. 31, he said he wanted to re-establish the council in order to… Read More
China’s CNOOC to Survey 2 Exploration Blocks
Iraq’s Ministry of Oil has signed a contract with the China National Offshore Oil Corporation (CNOOC) to carry out seismic surveys of two oil exploration blocks. One of the fields is in the territorial waters of Iraq in the Gulf, while the second in the city of Faw (Fao). Source: Ministry of Oil and Iraq… Read More
New Contract for Drilling 40 Wells at Majnoon, Iraq
Iraq’s Basra Oil Company (BOC) has agreed a deal with the state-owned Iraqi Drilling Company (IDC) to drill 40 new oil wells in the giant Majnoon oilfield. In a statement on Thursday, the Ministry of Oil said the aim is to increase production at the field to 450,000 barrels per day (bpd) by 2021. Reuters… Read More
New Investment Opportunity in Iraq
The National Investment Commission (NIC) has announced an investment opportunity to establish a residential complex on the National Security Collage location (formerly), Al Jihad Q. plots no. (2/1190, 3/3574, 3/2552, 3/2557, 3/13384 district 18 Amriya) according to Investment Law no. 13 for 2006 (amended). Specialized local and foreign interested companies can apply by filling the… Read More
Convictions in $600m Dinar Fraud
The co-owners and chief operating officer of one of the largest Iraqi dinar exchangers in the United States were convicted last month by a federal jury following a five-week trial. Tyson Rhame, James Shaw, and Frank Bell were each convicted of mail and wire fraud conspiracy, as well as multiple counts of mail and wire… Read More
Iraq’s Oil Exports From Kirkuk Could Reach 400,000 Bpd
Iraq’s oil exports from the Kirkuk oil province could reach up to 400,000 bpd, higher than the 300,000-bpd exported before the halt last year, a Kurdish politician told Sputnik on Tuesday after exports resumed last week—a move that adds more oil to the market at a time when participants fear an oversupply and OPEC considers… Read More