By John Lee.

Greek company TERNA has reportedly been awarded a $26.8m turnkey contract to construct a 100-bed hospital in Basra.

According to Construction Weekly, the design and build project consists of a general hospital covering a built area of 18,000 m2, including 2,000 m2 for a staff residence and 22 rooms for special care. It will come complete with all electromechanical facilities, medical equipment, furnishings, external surfacing and landscaping.

It will include intensive care units, operation theatres, diagnostic services, acute medicine, pediatrics and obstetrics, disaster medicine and medical education system. The project is to be completed in January 2015.

The project, TERNA’ s first in Iraq, is being carried out through the Governorate of Basra on behalf of the Ministry of Health.

(Sources: Construction Weekly)

By John Lee.

Dana Gas has repaired its liquefied petroleum gas (LPG) facility at Kor Mor in Iraqi Kurdistan, which was damaged when a tanker smashed into it last year, halting its production of up to 900 tonnes of oil equivalent a day.

Dana and its parent company, Crescent Petroleum, remain in negotiations with the Kurdistan Regional Government (KRG) about receivables that the companies are owed because of payment delays in the autonomous region.

The repairs at the Kor Mor LPG plant cost $15m, the company said in a statement.

Dana and Crescent have together invested more than $1bn into their gas production in the region. Austria’s OMV and Hungarian MOL are minority partners in the Kurdish operations, which include the gasfields of Kor Mor and Chemchemal as well as the LPG plant.

We are working with the KRG and the ministry to resolve the outstanding issues including the receivables, as soon as possible,” said Rashid Al Jarwan, Dana’s executive director and acting chief executive.

Dana received US$48 million for its gas last year, after the finance ministry in Baghdad agreed to release $1 billion as payment for KRG exports. The Kurdish and the central government are in negotiations over another payment, which is believed to be smaller.

(Sources: The National, Dana Gas)

By John Lee.

Iraqi Railways is to receive two Chinese-build trains within the next two months.

The trains are part of a ten-train, $115-million contract with China to develop railways sector.

The handover of the remaining trains depends on the completion of the Baghdad-Basra-Umm Qasr railway line, which has been delayed due to lack of funds.

(Sources: Aswat Al Iraq)

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

The conflict in Syria has become increasingly sectarian as it spills over into neighbouring countries.

Iraq has essentially closed its border to Syrian refugees, partly to avoid an influx of Sunni muslims.

But a growing community of Shia pilgrims from Syria have decided simply not to go home.

Al Jazeera’s Jane Arraf reports from holy city of Najaf:

By John Lee.

A spokesman for the Electricity Ministry, Musab al-Mudaris, confirmed on Tuesday that Iraq has signed a deal with Iran to import natural gas for power generation.

Associated Press reports that under the four-year deal, Iraq buy 850 million cubic feet a day of gas at international market prices, but UPI says no financial details were disclosed.

The gas will feed a power plant in Diyala, and two others in the Baghdad, generating 2,500 MW.

Javad Oji [Owji, Ouji] (pictured), managing director of the National Iranian Gas Co, said:

Construction of the 140-mile [long] 48-inch [diameter] gas pipeline is nearing completion and its extension in Iraq territory will also come to an end in the next two months.

(Sources: Associated Press, UPI, Dow Jones)

By John Lee.

A Pakistani company identified as “Alkitan” has said it will build a new cement plant in Basra.

Company director Shakir Ali told the Basra Investment Commission that they wanted to set up there “due to the abundant natural resources and investment opportunities”.

He added that the plant will be built on a 50-acre site.

(Sources: )

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

Will a political deadlock, a lack of government control and spiralling chaos push the war-torn nation over the edge?

Mike Hanna discusses the reasons behind the increasing violence in Iraq recently with guests: Laith Kuba, director of the Middle East and North Africa programme at the National Endowment for Democracy.Laith was the former adviser to the Iraqi prime minister; Brigadier general Mark Kimmitt, a former secretary for political and military affairs and former director for strategy at United States Central Command [CENTOM); and Souad Mekhennet, a columnist at Newsweek. Souad has covered Iraq extensively and authored a book called, “The Children of Jihad “.

The Acting Special Representative of the United Nations Secretary-General for Iraq (A-SRSG), Mr. Gyorgy Busztin, has condemned in the strongest terms the assassination on 22 July of the Head of the Arab bloc in the Kirkuk Provincial Council and Deputy Chairman of the Provincial Council Security Committee, Sheikh Abdallah Sami Al-Assi, and two of his bodyguards.

Sheikh Al-Assi was a pivotal and well-respected political figure in Kirkuk, who always advocated dialogue and peaceful coexistence in the province. He engaged with UNAMI in the discussions on the way forward for holding Kirkuk elections.

Mr. Busztin extends his sincere condolences to the families of Sheikh Al-Assi and of those who were murdered with him, as well as to the Kirkuk Provincial Council.

(Source: UNAMI)

(Picture: The Government Electoral Office in Kirkuk, Iraq. UN Photo/Rick Bajornas)

By John Lee.

The Iraqi Oil Ministry has said that exports of crude oil fell in June for the second consecutive month, due to bad weather at the ports and attacks on northern pipelines.

Shipments dropped to 69.8 million barrels for the month, or 2.33 million barrels a day (bpd), bringing in a total of $6.8 billion in revenue. This is down from the 76.9 million barrels shipped in May and 78.7 million in April, earning $7.48 billion and $7.76 billion, respectively.

The fall was blamed on sabotage of the pipeline network from Kirkuk to the Turkish port of Ceyhan, together with high winds and dust storms that halted tanker loadings at southern terminals (pictured). In addition, the country’s self-governing Kurdish region has stopped exporting since December amid a dispute between Kurdish authorities and the central government.

Continued attacks on the pipeline are expected to lead to further falls in July.

(Source: Bloomberg)