By John Lee.

Sharjah-based Ducorr has reportedly completed the design and deployment of a cathodic protection system for Shell’s Majnoon oil field.

Construction Week Online quotes company sources as saying that the flowlines were buried in very corrosive soil, hence the need for protection.

(Source: Construction Week Online)

By John Lee.

Iraq’s Heavy Engineering Equipment State Company (HEESCO) has signed deals with three international companies in the oil, petrochemical and the marine industries:

  • UK-based Weir Engineering Services;
  • Czech-based KPS;
  • Egyptian-based Petrojet.

The company, established in 1963, has technological capabilities in the design, manufacturing and installation of the engineering equipment, such as the tanks, boilers, heat exchangers, pressure tanks, refining towers, bridge pillars, river boats and engineering inspection.

Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) said that the Ministry aims to increase cooperation with international companies.

(Source: Ministry of Oil)

By John Lee.

Kuwait Energy has reportedly hired an investment bank to advise it on options that could include selling all or part of its Block 9 field in southern Iraq.

Reuters says that Perella Weinberg Partners (PWP) will assist in creating liquidity and a cash buffer to repay debt.

Discussions on a possible merger with UK-listed SOCO International broke down earlier this year.

(Source: Reuters)

By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

The Sairoon (On the Move) Alliance formed by Muqtada al-Sadr and the Iraqi Communist Party is ahead in the preliminary results of the Iraqi elections. More than 90% of the votes in all of Iraq’s provinces have been counted so far, with the exception of Dahuk and Kirkuk, where counting was postponed.

Sairoon has so far secured 54 out of a total of 329 parliamentary seats, while the Al-Fatah Alliance, formed by the Iranian-backed Popular Mobilization Units, has won 44 seats, followed by 39 seats for Prime Minister Haider al-Abadi’s Al-Nasr Alliance. The State of Law Coalition led by former Prime Minister Nouri al-Malik has secured 25 seats, and the Al-Wataniya Alliance of former Prime Minister Ayad Allawi has obtained 22 seats.

The results have raised the chances that the Sairoon Alliance will form the largest bloc in the next parliament, which will be tasked with appointing the prime minister and forming the next government. Sairoon leaders rushed to express their desire to put together the largest bloc and voiced their opinions on the next government’s shape and inclination.

“The door is open” for Sairoon to work with any of the rival blocs, said Dhia al-Asadi, head of the political bureau of the Sadrist Movement, on May 14 after the announcement of the preliminary results of the elections. “Sairoon has the right to claim the post of prime minister,” he said. On May 16, Sadr, the head of the Sadrist Movement, confirmed his wish to form a government of technocrats free of partisanship and sectarianism.

In a May 14 tweet, Sadr hinted at the alliances and broad nature he hopes will characterize the new government. Using a play on words derived from the meaning of various political entities’ names, he wrote: “We are Sairoon (On the Move) with Hikma (Wisdom) and Al-Wataniya (Patriotism) to make the people’s Iradah (Will) our demand, to build Jilan Jadidan (a New Generation), to witness Taghir (Change/Gorran) toward reform and for the Al-Qarar (Decision) to be Iraqi,” continuing the puns with, “So we raise the Bayariq (Banners) of Al-Nasr (Victory), and to make Baghdad, the capital, our Hawiyatuna (Baghdad is Our Identity) and our Hirakuna (Democratic Movement) move toward the formation of a paternal government from among technocratic Kawadur (Cadres) free of partisanship.”

Sadr used parenthesis in his tweet to denote various Iraqi political entities, including Abadi’s Al-Nasr, Ammar al-Hakim’s Hikma and Allawi’s Al-Wataniya alliances, and others — excluding the Iranian-supported militia Al-Fatah Alliance and Nouri al-Maliki’s State of Law Coalition.

If Sadr can achieve an alliance that includes the aforementioned forces, he would form the largest bloc and isolate his rivals, the Al-Fatah Alliance and the State of Law Coalition.

Arab powers opposing Iran, led by Saudi Arabia, welcomed Sadr’s victory and expressed hope that it will undermine Iran’s influence in Iraq. Thamer al-Sabhan, the minister of state for Arabian Gulf affairs at the Foreign Ministry and a former Saudi ambassador to Iraq, commented on Sadr’s tweet and retweeted, “You are really Sairoon (on the move) with Hikma (wisdom), Wataniya (patriotism) and Tadhamon (solidarity). You have taken Al-Qarar (decision), toward Taghyir (change) to have Iraq raise the Bayariq (banners) of Al-Nasr (victory), to [secure] independence, Arabism and identity. I congratulate Iraq for having you.”

Some Sunni Arab forces, including the Al-Qarar Alliance led by Khamis al-Khanjar, also welcomed Sairoon’s victory. Khanjar even voiced his desire to ally with it. Abadi congratulated Sadr on his victory, which could imply a desire to ally with him.

But this does not prevent Sadr’s rivals from seeking to sideline Sairoon by forming a larger bloc in a rival axis.

State of Law Coalition spokesman Abbas al-Musawi expressed skepticism May 16 that some electoral lists (in reference to Sairoon) will be able to form a government, stressing that “historic leaders” will be the key drivers in this matter. State of Law Coalition parliament member Mohamed Sahyoud said May 15 that efforts are near completion to form an alliance between the State of Law, Al-Fatah and Al-Nasr coalitions, which would secure more than 100 seats and account for the largest bloc in parliament. If this occurs and the bloc gets support from some Kurdish and Sunni forces loyal to Iran, the next government could be formed by the axis opposing Sadr.

Al-Monitor learned from sources who asked not to be named within the State of Law, Al-Fatah and Al-Nasr coalitions that the commander of Iran’s Quds Force, Qasem Soleimani, who has been in the Green Zone in Baghdad since May 14, is leading efforts to strike an alliance deal between the State of Law Coalition’s Maliki and Al-Fatah Coalition leader Hadi al-Amiri, and then to encourage Al-Nasr’s Abadi and Al-Hikma’s Hakim to join this alliance. If Soleimani succeeds, this could prevent Sadr from forming the largest bloc.

Soleimani was said to have proposed that these alliances refrain from nominating any of their leaders. Other names are being put forward as a consensus prime minister, including Muhammad Shayya al-Sudani, who is one of the Dawa Party leaders and the minister of labor and social affairs in Abadi’s government.

An earlier report by Al-Monitor indicated that negotiations by Soleimani in Erbil led to an agreement with the Kurdistan Democratic Party not to support Abadi as prime minister. Nechirvan Barzani, the prime minister of the Kurdistan Regional Government (KRG), revealed upcoming plans for a visit by a KRG delegation to Baghdad to participate in talks aimed at forming the next government.

Hisham al-Rekabi, who heads Maliki’s media office, said May 16 that all discussions to form the largest bloc “will be completed within the next 48 hours.” Dawa Party leader and parliament member Kamel al-Zaidi spoke of “semifinal” understandings between the State of Law and Al-Fatah coalitions, in addition to current attempts to include other [parliamentary] blocs in this larger bloc. Zaidi added, “There are ongoing contacts with the National Union Front and Barham Salih’s party, as well as with Sunni political authorities to form an alliance that guarantees a national political majority.”

On May 15, US State Department Spokeswoman Heather Nauert answered a question about Soleimani’s interference in the ongoing consultations to form the Iraqi government. “That is certainly always a concern of ours, but we have a great deal of trust and faith in the Iraqi people and whoever ends up governing, whatever the structure is, the governing of that country going forward,” she said.

Iran appears to be in a hurry to strike a deal between its loyalists for fear of Sadr’s success in dominating the next government, which would curb its influence in Iraq.

Iraq Duty Free has responded to allegations regarding the renewal of its contract to run the duty free concessions at Baghdad and Basra airports in Iraq.

According to the statement from its CEO, Ahmed Kamal, the owner of company has not been convicted of “any crime of punishment that deprives the freedom in Iraq.”

His response is carried in full below:

Iraq Duty Free strongly refutes all such allegations regarding the contract renewal which have been aired on Al Ahad channel. The contract between Iraq Duty Free and Iraqi Civil Aviation Authority has passed through a number of legal and regulatory authorities before concluding it. It was approved by Iraqi Civil Aviation Authority and then further endorsed by Ministery of Transportation. So all allegations by Al Ahad channel regarding the contract renewal are baseless and these allegations are aimed to tarnish our reputation and business goodwill. What was published about us in Al Ahad Channel is flagrantly untrue, and we have requested the channel to show evidence and documents of what it has stated; or else the right of reply is assured for us by law.

As for what your website has reported about the Al Ahad Channel and what was published about our company, we would like to indicate to you and all observers that businesses in Iraq have been encountering many challenges and every day false accusations are being published here and there and the last of which is what was aired about us in Al Ahad Channel which is baseless and defamatory act targeted on a business which has employed hundreds, if not thousands, of Iraqis and is one of the major employers in Iraq. We not only bring a pleasant shopping experience to Iraq but also we bring world best brands for Iraqi travelers. As a responsible corporate citizen, Iraq Duty Free is regularly contributing its resources for the welfare of Iraqi people.

We inform you that our company has a contract of leasing Iraqi duty free shops, which was entered into with relevant parties under the supervision of the Ministry of Transportation, and our company has not lagged behind in implementing the provisions prescribed in the contract, as it is an investment contract and cost us millions of dollars in order to develop and modernize the free duty shops, showrooms and some works related to Baghdad International Airport in terms of modernization, reconstruction and development, and there is no legal impediment to prevent renewing the contract even before its expiry; rather both contracted parties are entitled by law to do that with mutual consent.

Regarding what is said on website about the owner of company, we would like to tell you that the owner of company is an Iraqi National and not convicted of any crime of punishment that deprives the freedom in Iraq; furthermore, there is no text or law that prevents him from contracting inside Iraq, requesting your esteemed website kindly to investigate the facts before publication, as the bad information could commercially affect the company’s reputation, especially that our company is of the leading companies in Iraq.

We would request Iraq Business News to not pick the defamatory news spread by Al Ahad channel. If Al Ahad Channel has any evidence or legal documents that confirm what is published about us, we request them to announce it before slandering it on media.

(Picture: Duty free, from asiandelight/Shutterstock)

Sri Lanka’s Colombo Dockyard PLC (CDPLC) has successfully secured a contract with Toyota Tsusho Corporation (TTC) of Japan to build two vessels; Pilot Station Vessel and Buoy Tender Vessel, for General Company for Ports of Iraq (GCPI).

TTC and GCPI signed the Prime Contract on 27th April 2018 in Dubai. Subsequent to the signing of the Prime Contract, TTC signed the Sub Contract Agreement with CDPLC as TTC’s preferred Shipyard for the construction of these vessels on 2nd May 2018 in Japan.

TTC is a trading and investing company which is also a group company of TOYOTA. By recognizing the potential of CDPLC, TTC decided to collaborate with CDPLC for this project to compete and submit bid proposals in response to a tender floated by GCPI in July 2017.

After the selection of the Bid proposal submitted by TTC in collaboration with CDPLC, there were contract negotiation meetings in Basrah, Iraq and in Colombo, Sri Lanka. These negotiations and discussions were able to strengthen the relationship between the parties to enter in to a successful contract.

Both the Pilot Station Vessel and the Buoy Tender Vessel will be constructed using modern technology and will be in accordance with latest rules and regulations of the maritime industry. Both vessels will be classed to Nippon Kaiji Kyokai (ClassNK).

The Pilot Station Vessel is a catamaran type vessel which will be used to transport of pilots and provisions, to provide pilots with accommodation services and to provide station and necessary support for pilot boats.

This is a 50m length vessel with a breadth of 18m and a depth of 6.1m. The vessel is driven by two powerful diesel engine and shall develop a speed of 14 knots. The vessel shall be fully air-conditioned and shall provide accommodation for 47 persons.

The Buoy Tender Vessel is designed to be used to retrieve and launch marine navigation buoys, to provide repair and maintenance to marine navigation buoy, to transport marine navigation buoys and/or spare parts and to transport general cargo.

This is a 60m length vessel with a breadth of 12m breadth and a depth of 4.6m. The vessel is driven by twin diesel engines and is capable of achieving a speed of 12 knots. The vessel also shall be equipped with a Crane with a lifting capacity of 22 tons. This vessel too provides fully air conditioned living quarters for its complement of 29 persons.

The two vessels are to be delivered in Iraq in April 2020.

(Source: Colombo Dockyard)

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News.

The vote dealt a blow to Prime Minister Haider al-Abadi, whose Nasr alliance is trailing in third place.

But with no group winning a majority, he could still be a major player.

Al Jazeera’s Charles Stratford examines Abadi’s time in office:

Iraq joins the Asian Investment Bank’s Infrastructure Agreement
5/21/2018

The cabinet on Monday approved the draft law on Iraq’s accession to the Asian Investment Bank (AIB) agreement.


"The Cabinet approved the draft law on Iraq’s accession to the Asian Investment Bank’s Infrastructure Agreement, which entered into force on 15/12/2015," the Secretariat said in a statement.


"The council decided to refer the bill to the parliament, based on the provisions of Articles 16 and 80 of the constitution, and the decision to send the request to join the Asian Investment Bank for infrastructure after completing the legal procedures stipulated in the treaty, 35 "for the year 2015".


The statement said that "the Council granted in its resolution above a subsequent leave for the signing of the Undersecretary of the Ministry of Finance, a request that includes Iraq’s desire to join as an observer of the Asian Investment Bank for infrastructure on the basis of the provisions of Article (6)

http://www.knoozmedia.com/339959/%D8…5%D8%A7%D8%B1/

Economic Advisor: In 2022 Iraq will pay $ 10 billion of its debts

5/21/2018

The adviser to the Prime Minister for Economic Affairs, the appearance of Mohammed Saleh, on Monday, that Iraq will pay 10 billion dollars of debt in 2022, indicating that Iraq has a good credit rating.

"Iraq will pay its debt, which will not be less than 10 billion dollars in 2022," Saleh said in a televised interview.

He added that "the government must hedge from now to pay these large debts through the establishment of a fund to compensate the debt by putting funds in it annually," stressing that "Iraq is able to pay these debts, especially after Iraq obtained a good credit rating, That Iraq has not been late to pay the debts incurred previously. "

Iraq has received foreign debts from the International Monetary Fund and the World Bank, in addition to internal debt by offering private equity bonds to finance its public budget, which was heavily affected by the decline in international oil prices, which Iraq depends mainly on its public budget.

http://www.knoozmedia.com/340070/%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D 9%8A-%D9%81%D9%8A-%D8%B9%D8%A7%D9%85-2022-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%B3%D9%8A%D8%B3/

Legal expert The new parliament is expected to hold its first session in early July

5/21/2018

A legal expert expected that the new parliament will hold its first session in early July according to the constitutional timing after the expiration of the period specified for appeals and the issuance of a decree by the president of the republic to hold the first meetings.

The current House of Representatives held a deliberative session yesterday, attended by 105 members, called by the President of the Council Salim Jubouri, to discuss the electoral process and doubts that accompanied the announcement of the results.

"In spite of the confusion over the results of the elections, the new parliament will hold its first meeting in the period specified for them in accordance with the constitutional legislation," according to the decision of the Council Niasi Amaragoglu, who confirmed on Sunday, "morning", "The ball in the court of the Federal Court of In resolving the issue of election results. "

He predicted that "the objections and appeals will not change anything, as the results will go as they are."

For his part, the legal expert Tariq Harb, said in a statement to "morning", "The date of the new parliament session will be on July 1, 2018, which is the deadline for the end of the current parliament," noting that "the current period of appeals opened now, and after the appeals there 3 days to appeal the decision before the electoral judiciary set by the law, and there are 10 more days the judiciary must end all appeals,

and then there are 10 days to ratify the Federal Supreme Court, and then the current President of the Republic to issue a presidential decree to invite winners to hold the first session during 15 days ".

The war that "the remaining period is sufficient to complete all the procedures for the holding of the first meeting, excluded at the same time," the current parliament will hold any meeting in the coming days. "

http://www.alsabaah.iq/ArticleShow.aspx?ID=157421