Oil export revenue of Iraq to jump at the record high position

Revenue through oil export in Iraq is likely to increase for the month of April as Basrah Light crude to Asia sells at the highest rate in more than a year against Saudi prices and shipments expand. Iraq is set to export the most Basrah Light in at least two years next month, at the same time as the grade’s discount to Saudi crude is the narrowest in 17 months. Alexander Poegl,

Read More

Iraq’s Independent Power Plants in Perspective. By Isam AlKhalisi*)

In the second half of February 2014, Iraq’s government approved the award of two licences for private investment in two combined cycle electricity generation plants totalling 4,500 MW in capacity. More information on the particulars of these deals was revealed by senior members of the government at a conference in Dubai that same month reported in the specialist media. The bas

Read More

Mosul, northern Iraq to refine oil in disputed areas

An oil refinery construction agreement between Iraq's Mosul province and the Kurdish Regional Administration was signed on Monday, says Mosul governor.The agreement includes the sharing of oil extracted from the disputed areas between Mosul and the Kurdish Regional Administrationm (KRG) in support of the Mosul province, said Nujaifi and added, "This agreement will change Iraq'

Read More

Iraq marshes are getting restored, providing growth to boat building industries

The site of fisherman sailing on the Shatt al -Arab waterway had become a thing of the past. Southern Iraq's marshlands have been revived recently which is encouraging the fishermen in a new way and boat maker of that region are finding new hopes for their businesses. During 1990, the area was completely dumped and drained by the president of Iraq at that time, Mr. Saddam Huss

Read More