Monthly Archives: September 2010
Mott MacDonald Wins Iraq Gas Field Contracts
| September 30, 2010 | Filled under All Dinar Trade Articles |
Mott MacDonald has been appointed by BGR Energy Systems to carry out detailed engineering and procurement support for the Akas and Al-Mansuria gas fields which are being developed by the State Company for Oil Projects. The project is being developed to meet the growing demand for gas within Iraq. The gas produced from the two gas fields will be exported to…
Iraq Issues Tenders for 10 Industrial Plants
| September 30, 2010 | Filled under All Dinar Trade Articles |
Iraq issued tenders to redevelop more than 10 industrial plants as part of a plan to revamp 250 state-owned facilities through private investors, an industry ministry official said. “We now have tenders for more than 10 plants for joint strategic partnerships on a 15-year production-sharing basis,” Deputy Minister Mohammed Abdullah Mohammed said in an interview in Istanbul on Tuesday. “The tendered…
Iraq Business and Investment Summit
| September 30, 2010 | Filled under All Dinar Trade Articles |
How should foreign investors assess opportunities in Iraq? Will early entrants gain a lasting advantage or are there still too many risks and obstacles? The country can boast a largely untapped market of 30 million consumers, huge oil reserves, plenty of water and a strategic location. All this, together with improvements in the security situation since 2007, has prompted a number…
When Baghdad Was Center of the Scientific World
| September 26, 2010 | Filled under All Dinar Trade Articles |
Islamic science had its heyday in the ninth century, thanks to Abū Ja’far al-Ma’mūn’s House of Wisdom, says Jim al-Khalili The Bab al-Sharji district in the centre of Baghdad derives its name, which means east gate, from the medieval fortifications of the city. These walls were probably built around the first half of the 10th century. During the brief British stay…
Lukoil Announces 4 Tenders for Iraq Project
| September 25, 2010 | Filled under All Dinar Trade Articles |
Russia’s No 2 oil producer, Lukoil, and partners have issued four new tenders for construction and energy projects at Iraq’s West Qurna Phase Two oilfield. The tenders are for the construction of an oil export pipeline; a tank farm at Tuba; a power distribution station and an associated gas processing plant; and an oil gathering system, central processing facilities and a…
Project Iraq Due for This Year
| September 23, 2010 | Filled under All Dinar Trade Articles |
The IFP Group in Iraq has announced it is on the final run to Project Iraq 2010. Project Iraq is the international exhibition in Iraq for construction technology, building materials, equipment and environmental technology. In a press conference at the Sheraton Hotel in Erbil, Kurdistan, a panel of speakers shared insights on Wednesday for the upcoming construction show. The panel, which…
Iraq Oil Output to Rival Saudi Arabia
| September 23, 2010 | Filled under All Dinar Trade Articles |
What was once considered a pipe-dream could become reality: After decades of dictatorship, war and international sanctions, Iraq’s massive oil reserves are set to be tapped proper and the country once known for two overflowing rivers could be crowned oil king. by John Bradbury – If the seven oil projects just recently awarded to foreign oil companies, and the three from…
Chairman of the Basrah Investment Commission Confirmed to Speak At Iraq Mega Projects 2010
| September 22, 2010 | Filled under All Dinar Trade Articles |
IRAQ: Basrah is central to the biggest oil and gas projects that will be taking part in Iraq over years to come and in order for contracts to go ahead, approval and consent is needed from the local authorities for projects to commence. Iraq Mega Projects 2010 Conference & Exhibition, taking place in Istanbul, Turkey, on 26-28 October, is therefore pleased…
Iraq Sets Gas Field Auction for October 20
| September 21, 2010 | Filled under All Dinar Trade Articles |
BAGHDAD – Iraq is to hold a public auction on October 20 for the rights to work on three gas fields, an oil ministry spokesman said.The sale of the undeveloped fields, which have estimated reserves totalling about 317 billion cubic metres (bcm) (11 trillion cubic feet ( tcf ) ) , follows two invitations to tender for oil fields last year…
Iraq’s 2011 Budget Will Be Sent to Govt
| September 20, 2010 | Filled under All Dinar Trade Articles |
Erbil, AKnews – A senior official at Iraq’s Ministry of Finance stated on Monday that the proposed budget for 2011 will soon be sent to the cabinet for ratification as a lawmaker said the current government cannot decide on the budget under the country’s current circumstances. Speaking to AKnews on Sunday, Fadhil Nabi, Iraq’s deputy finance minister said that the ministry…
High Expectations for Iraq Oil and Gas Summit in Istanbul as HE Thamir Al Ghadhban Speaks
| September 20, 2010 | Filled under All Dinar Trade Articles |
Al Bawaba – The chairman of the Advisory Commission to the Prime Minister of Iraq and former Minister of Oil, His Excellency Thamir Al Ghadhban, says there is no doubt that the re-establishment of the Iraq National Oil Company (INOC) is an essential step in creating a modern, dynamic and capable upstream industry to handle the great challenges ahead and to…
Abu Dhabi Developers Seal $66bn Iraq Deals
| September 20, 2010 | Filled under All Dinar Trade Articles |
By Hadeel al Sayegh and Bradley Hope – Property deals worth US$66 billion (Dh242.41bn) are expected to be announced this morning for two Abu Dhabi property developers as part of works to rebuild war-torn Iraq. National Holding, a conglomerate owned by members of the Abu Dhabi Royal Family, will develop two of the projects, said Dr Sami al Araji, the chairman…
New Class of Entrepreneurs Arises in Iraq
| September 17, 2010 | Filled under All Dinar Trade Articles |
By Jim Michaels / USA Today BAGHDAD — Waiters in white shirts and dark ties glide between crowded tables at the Lebanese Club, a glitzy addition to this city’s growing nightlife. Wathiq Sabeeh, a 29-year-old entrepreneur, blows a cloud of smoke from his water pipe and reflects on his good fortune. “During the sectarian violence, the old rich left,” Sabeeh explains.…
Iraq, Syria Agree to Build Three Oil and Gas Pipelines
| September 17, 2010 | Filled under All Dinar Trade Articles |
Baghdad: Iraq and Syria plan to build as many as three new cross-border pipelines for oil and natural gas, providing the Iraqi government with new and potentially useful options for marketing its most valuable commodities. Officials from the two countries’ oil ministries “recently” signed a memorandum of understanding to build two oil pipelines and Iraq’s first international gas pipeline, Senior Deputy…
Petrel Resources Diversifies Into ‘Major Force in World Oil’ Ghana Amid Instability in Iraq
| September 16, 2010 | Filled under All Dinar Trade Articles |
by Sergei Balashov Petrel Resources (LON:PET) has taken steps to hedge itself against the continued political turbulence in its main country of operation, Iraq, taking advantage of a low cost opportunity to enter a prolific oil block in Ghana. In its interim report that came out this morning, Petrel gave an overview of the political situation in Iraq, which still has…
The Iraqi Central Bank: Willingness to Delete the Zeros of the Iraqi Currency After the Formation of the Iraqi Govt
| September 15, 2010 | Filled under All Dinar Trade Articles |
Iraqi Dinar News – 9/15/2010 The Iraqi Central Bank, on Tuesday, his willingness to delete the zeros of the Iraqi currency after the formation of the Iraqi government directly, pointing at the same time that those zeros that are added to the Iraqi currency during the last period formed a cluster of large cash amounted to 27 trillion Iraqi dinars .…
Exxon-led Group Clinches Iraq’s W.Qurna Contract
| September 15, 2010 | Filled under All Dinar Trade Articles |
W.Qurna a prized oilfield with 8.7 bln bbls of reserves BAGHDAD – An Exxon Mobil-led consortium has beaten rival Russian, French and Chinese groups to bag initial rights to develop Iraq’s West Qurna field, the oil ministry said, adding momentum to Iraq’s bid to unlock its oil riches. With reserves of 8.7 billion barrels, West Qurna is among the prized Iraqi…
The Iraqi Government for the First Time Reveals: Unemployment in Iraq, 27 Percent and Foreign Debt 125 Billion Dollars?
| September 13, 2010 | Filled under All Dinar Trade Articles |
The economic adviser to the Iraqi government Kamal Basri, said the state alone can not provide additional job opportunities in the worsening unemployment in the country at a rate ranging between 25 and 27 percent have frequently the public sector and companies awash with staff and there is already the problem of disguised unemployment and state to find a problem in…
Monetary Fund Sell Ten Tons of Gold to Bangladesh
| September 11, 2010 | Filled under All Dinar Trade Articles |
WASHINGTON (Reuters) – International Monetary Fund said on Thursday it had sold ten tons of gold to the central Bangladesh Bank this week in the first sale after a hiatus of ten months as the dollar exchange rate fluctuations resulted in the U.S. was sticking to its holders of gold, including possession of it. It is believed that the uncertainty surrounding…
Troops Harvest Dates, Cultivate Bonds
| September 11, 2010 | Filled under All Dinar Trade Articles |
Written by Cpl. Daniel Eddy, 196th Mobile Public Affairs Detachment BAGHDAD — U.S. Soldiers here reached out to help their Iraqi neighbors harvesting in a date palm farm near East Rashid Monday, significant, as the date is traditionally the first piece of food Muslims eat to end daily fasting during their holy month of Ramadan. “I appreciate the Soldiers collecting, delivering…
Iraqi Craftsmen Linked With Employers
| September 11, 2010 | Filled under All Dinar Trade Articles |
by Spc. Cassandra Monroe, 135th Mobile Public Affairs Detachment TIKRIT – To assist skilled Iraqis in finding employment, the Iraqi-Based Industrial Zone here at Contingency Operating Base Speicher welcomed local residents aboard Saturday for a job fair. The fair was designed to introduce residents of the Salah ad-Din province to local construction and trade specialty employers, in the hopes the employers…
TIKRIT – To assist skilled Iraqis in finding employment, the Iraqi-Based Industrial Zone here at Contingency Operating Base Speicher welcomed local residents aboard Saturday for a job fair.
The fair was designed to introduce residents of the Salah ad-Din province to local construction and trade specialty employers, in the hopes the employers would find qualified candidates to fill vacancies, both current and future.
According to Capt. Calvin Fisher, the I-BIZ officer in charge with Division Special Troops Battalion, 3rd Infantry Division, businesses on COB Speicher are decreasing services and personnel due to the reduction of U.S. military forces on base. Because of that, many Iraqis who worked with I-BIZ had to be released from those duties.
“Their employment provided security and stability in their local areas,” said Fisher, a Durham, N.C., native, adding that employers at the I-BIZ and the Skills Enhancement Center want the Iraqis to continue to do the right thing by being productive and not allowing negative influences of other organizations to affect them.
When Fisher found out that the worker’s contracts would soon end, he made flyers to notify the workers of the job fair, ensuring that they would have a chance at other employment paths.
All job fair attendees were already trained at the I-BIZ Skills Enhancement Center in specialty trades such as carpentry, electricity, welding, plumbing, small engine repair, HVAC repair, and more. They were then employed on COB Speicher in various such positions.
Now, getting hired by a local employer is the best long-term solution, Fisher said.
“These Iraqi companies may be here indefinitely, so this links them up with the Iraqi citizens and helps promote the stability of employment, as well as increase employment rates in Salah ad-Din,” said Fisher. “This is a better avenue for the people. They are getting a head start with employment.”
“This is helping the community by creating more jobs. And by creating and filling more jobs, we see less terrorism,” he concluded.
*
*
*
*
*
Related Iraqi Dinar Articles-
Recent Comments