By John Lee.

South Korea’s Daewoo Engineering & Construction has reportedly won an $86 million order to build a prefabrication yard for a tunnel project at the new Al Faw Grand Port in Basra.

Under the deal with the General Company for Ports of Iraq (GCPI), Daewoo will complete the Khor Al-Zubair immersed tunnel prefabrication yard by October 2021.

According to Yonhap, the deal is the fourth construction project that the company has won in Iraq this year, bringing the total of contracts secured since March to $460 million.

(Source: Yonhap)

(Picture: Kim Hyung, President and CEO, Daewoo Engineering and Construction)

By John Lee.

Zubair oilfield has reportedly reached a production level of 500,000 barrels of crude oil per day (bpd).

According to Business Korea, Kogas made the announcement on Thursday, adding that its “second-stage goal” is 700,000 bpd.

The project is being developed by Eni (32.81%), Kogas (18.75%), Maysan Oil Company (25%), and South Oil Company (23.44%). Occidental had a 23.44 percent share in the field, but relinquished it to the state-owned South Oil Company in October 2016.

(Source: Business Korea)

By John Lee.

South Korea’s Daewoo Engineering & Construction has won a US$70.35 million order to build entrance roads for the new Al Faw Grand Port in Basra.

Under the deal with the General Company for Ports of Iraq (GCPI), Daewoo will complete the 14.5 kilometer-long road by May 2021.

Earlier this year, the company won a contract valued at $199.75 to build Al Faw Container Terminal (Phase 1).

(Sources: General Company for Ports of Iraq, Yonhap)

By John Lee.

Hyundai Engineering & Construction has reportedly won a $2.45-billion deal to build a seawater processing facility in Iraq.

South Korean media report that the company signed a letter of intent with Basra Oil Company (BOC) on Wednesday for the 49-month project, which will be capable of supplying 5 million barrels of fresh water per day.

This will help to increase output at Iraq’s oil fields.

(Sources: Yonhap, Korea Herald)

The Government of the Republic of Korea and the United Nations Development Programme (UNDP) signed partnership agreement today for USD 5M million to support stabilization and recovery in newly liberated areas in Iraq.

Korea’s contribution will be channelled through UNDP’s Funding Facility for Stabilization (FFS) which finances fast-track initiatives in areas retaken from ISIL. This is Korea’s fifth contribution since 2015 to FFS.

Based on priorities identified by the Government of Iraq and local authorities, FFS helps quickly repair essential public infrastructure, boosts the capacity of local government, and provides short-term employment through public works schemes.

“Since Iraq was declared free from ISIL, significant progress across the country has been made – schools and hospitals have reopened, bridges are functioning, and water and electricity networks are up and running,” says UNDP Resident Representative for Iraq, Marta Ruedas.

“But we still have a long way to go – a number of key areas are in desperate need of stabilization efforts. We are very grateful to the Republic of Korea for this generous contribution. It comes at exactly the right time,” she adds.

H.E. the Korean Ambassador to Iraq, Mr. Song Woong-Yeob, said, “The Iraqi people have achieved a great victory in the war against ISIL, and have also exerted enormous efforts to stabilize and rehabilitate the affected area by the violence of the terrorist group. As a responsible member of the international community and a close friend of Iraq, the Republic of Korea is deeply committed to supporting the stabilization and recovery efforts in Iraq, and I firmly believe that our continuing support will contribute to laying the foundation for peace and prosperity in Iraq.”

UNDP’s Funding Facility is implementing over 2,800 projects in key areas of Anbar, Salah al-Din, Diyala, Kirkuk and Ninewa.

(Source: UNDP)

By John Lee.

South Korea’s STX Marine Service has reportedly won a contract to restore and operate diesel-fueled electric power plants in Iraq.

According to Yonhap, the company said the US$500-million deal will see it four 900-megawatt electricity generation units over five years.

It calls for 100 South Korean engineers to be dispatched by STX, along with the hiring of 500 local workers.

The company said work started on 1st July.

(Source: Yonhap)

By John Lee.

South Korea’s STX Marine Service has reportedly won a contract to restore and operate diesel-fueled electric power plants in Iraq.

According to Yonhap, the company said the US$500-million deal will see it four 900-megawatt electricity generation units over five years.

It calls for 100 South Korean engineers to be dispatched by STX, along with the hiring of 500 local workers.

The company said work started on 1st July.

(Source: Yonhap)

Republic of Korea supports UNHCR’s humanitarian activities in Iraq

The Government of the Republic of Korea continues its support to UNHCR’s humanitarian activities in Iraq with a new donation of US$ 1.2 million.

Despite promising signs of recovery in parts of the country, millions of Iraqis still need comprehensive humanitarian and protection assistance. Some 1.9 million people are displaced; hundreds of thousands are in camps. Many will not be able to return home any time soon.

Rebuilding Iraq is no small task. As the country gets back on its feet, it is vital that the people who need emergency assistance continue to receive it for as long as they need it.

Communities affected by the recent conflict are beset by hardships. Thousands of vulnerable people arrive in UNHCR-managed camps every month because they cannot find work or pay rent in their home areas, because progress in clearing explosive hazards is slow, or because services like water and electricity are not functioning.

In July alone, 1,700 families – over 10,000 people – arrived in camps across Iraq. The majority of the new arrivals were displaced at least once before. With each displacement, people become more vulnerable.

H.E. the Korean Ambassador to Iraq, Mr. Song Woong-Yeob (pictured), said,

“The Republic of Korea is deeply committed to supporting humanitarian activities in Iraq and will continue to stand by Iraqi people who are in need of humanitarian assistance. I firmly believe that Korea’s continuing support for the activities through the Iraqi Government and international organizations like UNHCR will further help the endangered Iraqi people to recover and rebuild their communities by imbuing them with hope for a new future.”

Mr. Bruno Geddo, UNHCR’s Representative in Iraq.

““There is no quick fix for Iraq. For people to see tangible improvements in their lives we must continue to respond to the situation, and stand beside the Iraqi people until they can return home safely. Sustainable return is a cornerstone of long-term peace and stability, and thanks to donors like the Republic of Korea, UNHCR is able to backstop Iraq’s journey to recovery. We will support the country’s most vulnerable people for as long as they need us.”

(Source: UN)

UNDP support to the Commission of Integrity to fight corruption

A technical study visit is currently being organized in Korea by the United Nations Development Programme (UNDP) with support from UNDP Seoul Policy Centre (USPC) for a high-ranking delegation from the Iraqi Integrity commission, to benefit from the Korea’s innovative, well tested-and-proven policy tools to compact corruption.

This activity is part of a larger UNDP led programme to support the Iraqi government in its efforts to fight corruption, that is framed by the MoU signed between UNDP and the Iraqi government in 2016.

This visit also comes under the framework of the recently signed MoU between the Iraqi Integrity commission CoI and Korea Anti-Corruption and Civil Rights Commission (ACRC). The aim of the visit is to equip the Iraqi Commission of Integrity with the technical knowledge and insight on the implementation of Korea’s policy tools especially the Anti-Corruption Initiative Assessment (AIA), implemented in Korea since 2002 for effective monitoring and implementation of anti-corruption measures in public institutions.

The AIA will be customized to the Iraqi context to implement a National Corruption Index.

The inaugural session was chaired by the Standing Commissioner of the ACRC Mr. Hyeon Kim, who said:

“Iraq is the first Arab State who signed an MoU with Korea, and also the first country from the Arab region who would like to benefit from the Korea’s experience and the innovative policies and tools that have been in place and tremendously, helped in improving the corruption prevention measures in the public sector.”

The head of Iraqi Delegation expressed the eagerness to actualize the MoU signed between the CoI and ACRC in last April. This study visit is the kick off of a long-term collaboration and knowledge sharing between the two entities and a significant milestone towards building an effective partnership that is supported by joint efforts by the UNDP Iraq and the Seoul Centre to reinforce the Iraqi government’s efforts in fighting corruption.

(Source: UNDP)