US agribusiness giant Cargill has formed a joint venture with Saudia Arabian food producer Arasco for the creation of starches and sweeteners in the country. The joint venture company will acquire Arasco's existing corn milling facility ...
Tags: agribusiness giant, Cargill, joint venture
WorleyParsons has been awarded a three year contract by Shell Gas Iraq BV to provide project management support and services for the rehabilitation of gas facilities and infrastructure that are part of the scope of Basrah Gas Company (BGC). ...
Tags: Shell, Worleyparsons, Gas Contract
Reuters reports that Iraq has sweetened the terms for oil contract buyers and is becoming more competitive on pricing. Oil Minister Abdul Kareem Luaibi [Elaibi], who met customers in Vienna last month on the sidelines of the OPEC meeting, ...
The Iraqi Ministry of Communications says a submarine cable project linking Iraq with other countries has been completed. The deputy minister of communications, Ameer al-Bayyati, told Al-Shorfa that the two-year, $36-million project, was ...
Tags: Iraq, Submarine Cable Project, Iraqi Ministry of Communications
Iraq has many assets, and while oil is the first that comes to mind, we should not forget the multitudes of Iraqis who live outside their country of birth — the Iraqi diaspora. Estimates vary, but there are probably between four and ...
Tags: Iraq, assets, Iraqi diaspora
Chief Economist at Schnittker Associates, and former Ministry Advisor at the US Embassy in Baghdad. Iraq's 2013 winter grain prospects appear to be good to excellent condition at this time. Late fall and early winter rains as well as ...
Tags: Iraq, winter grain prospects, wheat crop, Agriculture, Food
On January 21, the U.S. Embassy in Baghdad, through the United States Agency for International Development (USAID), signed a memorandum of understanding (MOU) with Iraq’s Independent High Electoral Commission (IHEC) formalizing its ...
Douglas-Westwood conducts comprehensive industry study into Iraq and Kurdistan Drilling and Oilfield Services market 2012-2016 The potential scale of the Iraqi oil sector is unprecedented in modern times, and represents a significant ...
Prime Minister Nouri al-Maliki held talks with ExxonMobil chief Rex Tillerson (pictured) on Monday. AFP reports that the meeting was the first between the two since the firm signed an oil exploration agreement with Kurdistan in October ...
Tags: Maliki, Exxon Boss, Rex Tillerson, oil exploration agreement
In 2012, 947,600 passengers used Erbil’s new International Airport, a 53% increase on the previous year, whilst cargo tonnage also increased dramatically, with a 54% increase to 27,849 tonnes per annum. The 2012 passenger count ...
Tags: Erbil, International Airport, 2012
The China Petroleum Pipeline (CPP) company is said to be close to winning a $650-million contract to build a pipeline linking the southern oilfields in Maysan province to the al-Fao [al Faw] storage depots. The chief of state-run Maysan ...
Tags: China, Iraq, Oil Pipeline
The United Kingdom’s Trade Minister Lord Green met with local business leaders, British company executives, as well as the Iraq Britain Business Council representatives in Basrah today (23rd). The hour long meeting focussed on the ...
Kuwait MPs have overwhelmingly ratified the $500-million settlement deal to end the 22-year-old dispute between Kuwaiti Airways Corporation (KAC) and Iraqi Airways. Iraqi Airways agreed in July to pay the compensation to KAC for damages ...
Genel Energy has announced that closing has taken place on its acquisition of the remaining 49 per cent participating interest in the Miran exploration block in the Kurdistan Region of Iraq. On 12 November 2012, Genel Energy announced ...
Tags: Genel Energy, acquisition, Miran exploration
President of Iraqi Kurdistan, Masoud Barzani, hosted foreign diplomats and representatives of international organizations based in Erbil last week to discuss the latest political and economic developments in Kurdistan and in Iraq and to ...