Kurdistan "New Hotbed for M&A Activity"
The recent declaration by Hunt Oil CEO Ray Hunt that his company was willing to work with partners in Iraq to develop its oil and gas assets in Kurdistan underlines the Region’s position as a likely...
View ArticleIraq Shortlists 2 Firms for $1bn Power Plant
Iraq's Electricity Ministry said on Wednesday it had shortlisted two private Kurdish-owned companies to build and operate a power plant costing up to $1 billion in Iraq's southern Basra province,...
View ArticlePM Barzani Announces New Power Plant
KRG Prime Minister Nechirvan Barzani announced a strategic, tripartite energy agreement yesterday between companies from the Czech Republic, Turkey and the Kurdistan Region to build a new power plant....
View ArticleDunia Weekly Iraq Market Tracker
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market...
View ArticleSwitzerland’s ABB wins $120m Power Station Contract
ABB, the leading power and automation technology group, has won orders worth around $120 million from KAR Construction and Engineering Company Ltd. to design and build a power plant and construct two...
View ArticleAlstom Grid wins $42m Kurdistan Electrical Contracts
By John Lee. Alstom Grid has announced that it has won contracts worth €34 million ($42 million) from KAR Construction & Engineering Company to engineer and supply substations for the electrical...
View ArticleKAR Group to Expand Kalak Refinery
By John Lee. KAR Group, an Iraqi integrated oil and gas company, has announced the third expansion of their Kalak Refinery to 185,000 barrels per day (BPD). Process units and utilities are being...
View ArticleRefinery Plans Raise Arab-Kurdish Tensions
By Bassem Francis, translated from Al-Hayat (Pan Arab) for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Justice and...
View ArticleDPS Global Starts Work at Khurmala Dome Field
Global Trader reports that British business activity in Iraq is increasing on a monthly basis with process engineering and technology group DPS Global being the latest firm to reveal details of a major...
View ArticleOil Companies in Kurdistan - Complete List of Top Oil Companies
Erbil Governorate has compiled and published a list of the top oil companies in Kurdistan [Note: This list was originally compiled and published by Marcopolis - Ed.]. Please click here to see a list of...
View ArticleList of Oil Distribution, Service Companies in Kurdistan
Erbil Governorate has compiled and published a list of the top oil distribution companies in Kurdistan [Note: This list was originally compiled and published by Marcopolis - Ed.]: Qaiwan Group A...
View ArticleList of Downstream Oil Companies in Kurdistan
Erbil Governorate has compiled and published a list of the top downstream oil companies in Kurdistan. [Note: This list was originally compiled and published by Marcopolis - Ed.] Unlike the upstream...
View ArticleBP Signs Deal to Revive Kirkuk Oilfield
By John Lee. Oil minister Abdul Kareem Luaibi [Elaibi] (pictured) told Reuters on Wednesday that Baghdad signed a deal with BP "about 10 days ago" to revive the northern Kirkuk oilfield. The agreement...
View ArticlePlanned Refinery moves Ninawa even Further from Baghdad
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Ninawa’s Planned Oil Refinery Moves...
View ArticleFirst Natural Gas Arrives at Duhok Power Station
The Kurdistan Regional Government has announced the successful delivery via pipeline of the first quantities of natural gas from the gas field at Summail to fuel the Duhok Power Station (pictured). The...
View ArticleSiemens wins Service Agreement to operate Power Plant
Germany's Siemens has expanded an existing service agreement with KAR Group in Iraq to provide comprehensive operations and maintenance (O&M) for two newly added SSC5-2000E power plant units at the...
View ArticleRosneft to Build New Kurdistan Oil Pipeline
Russia's Rosneft and Kurdistan Regional Government (KRG) have announced the start of joint implementation of an infrastructure project for the operation of the oil pipeline in the Kurdish Autonomous...
View ArticleBaghdad "bans" Kar Group from Kirkuk Oilfields
By John Lee. The Iraqi parliament has reportedly banned Erbil-based Kar Group from operating oil fields in Kirkuk. According to Rudaw, it assigned the state-owned North Oil Company (NOC) to take over...
View ArticleSiemens to add 700 MW to Rumaila Power Plant
Germany'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...
View ArticleSiemens to Upgrade Shatt Al Basra Power Plant
Germany's Siemens will upgrade one of the country’s largest gas-fired power plants. Under a new contract, Siemens will add 650 megawatts (MW) to Shatt Al Basra Gas Power Plant, which currently has a...
View ArticleASEC 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...
View ArticleRefinery Targeted in Rocket Attack
By John Lee. A rocket attack that targeted an oil refinery in the Khabat area of Erbil on Sunday has been widely condemned. Six rockets were fired at the Kawergosk refinery, which is owned by KAR...
View ArticleElectricity Contracts Renewed in Northern Iraq
By John Lee. Iraq's Council of Ministers has approved the renewal of two contracts between the Ministry of Electricity's General Company for the Transmission of Electricity for the Northern Region and...
View ArticleIOC buys its First Cargo of "Basra Medium" Oil
By John Lee. The Indian Oil Corporation (IOC) has reportedly loaded its first cargo of Iraq's new "Basra Medium" crude grade. According to the Financial Post, the ship is expected to arrive at Chennai...
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