United Kingdom


ADES Targets Expansion into Iraq

By John Lee.

ADES International Holding, a London-listed company providing oil and gas drilling and production services, has said that it is “scaling existing operations and penetrating new markets through participation in a substantial pipeline of active tenders across the Middle East, in existing geographies as well as the UAE and onshore Iraq.

In its results for the six-month period ending 30th June 2017, it added that management expects a number of these tenders to close during the second half of 2017, with revenue contribution to commence in the first half of 2018.

Additionally, it said it has finalised exclusive marketing agreements with a number of shipyards for the rights to utilise 8 rigs in active tenders; “The agreements enable the Group to obtain new contracts and generate additional revenue without incurring the additional capital expenditure associated with a high-spec rig.

(Source: ADES International)

British Businesses Training and Educating in Iraq

By Ashley Goodall.

Is the UK overlooking a key USP for British International businesses?

Education and training footprint of British companies around the world has a significant and excellent impact on communities and economies and is often taken for granted.

As the UK ramps up its trade rhetoric and a ‘Global Britain’ emerges, one of the key benefits that British companies bring is being overlooked: Education and training…

The penny dropped for me as I attended a meeting of the Iraq Britain Business Council (IBBC) members to find that one after the other, each company was committed to the concept of a learning organisation that are locally integrated. Not only are British companies employing as many local people as possible, but also training them to deliver increasingly complex managerial and technical roles.

Oil and gas companies, Shell and BP in particular, deliver an extraordinary amount of training in Iraq alone. The effect on the local communities and national economies is a massive injection of know-how and a source of social stability, development, prosperity and economic progress, let alone the transformative power training confers on individuals, families and communities.

Not only are our companies a source of prosperity, but when partnered with UK Universities offer a double whammy for the delivery of global standards and expertise that  few countries can match in country and via external courses, such as delivered by Oxford Brooks and Northampton Universities.

Emerging economies appreciate this expertise, as it raises business operations to global standards and enables them to compete with the best, to encourage inward investment and generate employment opportunities in their regions.

Oil and Power companies in particular make a big social impact on their suppliers. Osama Kadhum Managing Director of Ratba’ contracting in Iraq says his staff received 3885 hours of training in Majnoon Oilfield from Shell alone, ensuring the highest technical and supervisory standards are applied.

GE power likewise employ over 90% of local staff, often sent for technical training in USA or x for 6-12 month stretches supporting local recruitment , diversity of employees, and women for increasingly leadership and supervisory roles. Shell in Iraq train over 7,900 local staff in Basra for whom they are delivering over 200,000 training days per year. BP and its Partners are developing the Rumaila field which is supported by a 93% Iraqi workforce.

Around 2,400,000 training hours have been delivered to staff in a variety of technical disciplines, core skills, leadership and safety.  And these figures do not include community initiatives such as an extensive community vocational training programme that has been running for 3 years, or 400 women from a remote community that have been trained in the Rumaila funded Qarmat Ali Women’s Training Centre.

In Baghdad Serco have set up an ATC Academy for Air traffic Controllers. Multiply this scale of training globally in just Iraq and you begin to see the scale and quality of training that British companies deliver among International, Emerging and Frontier markets.

More widely Rolls- Royce has committed an ambitious plan to reach 6 million people worldwide through their STEM (Science, Technology, Engineering & Maths) education programmes between 2014- 2020. This bold target will encourage a more creative and engaging outreach through the company’s supply chain, through the wider STEM sector and to inspire society to attract talented young people from around the world to the world of STEM.

Businesses are often castigated by the media, but the reality is that they are usually a force for good, prosperity and ultimately stronger communities. So let’s celebrate the important impact British companies’ commitment to education and training brings to millions of people and their ability to change the world.

Ashley Goodall is a martketing consultant to Iraq Britain Business Council (IBBC).

UK gives additional $5m for De-Mining in Iraq

UK contributes an additional GBP 4 million to support explosive hazard management in newly retaken areas of Iraq

The Government of the United Kingdom of Great Britain and Northern Ireland (UK) has contributed an additional GBP 4 million towards the United Nations Mine Action Service (UNMAS) programme in Iraq, allowing critical explosive hazard management activities to continue in areas newly liberated from Da’esh.

The UK support will enable UNMAS to respond to humanitarian and stabilization priorities, critical to reconstruction and the facilitation of the safe return of the displaced people to their communities.

The presence of improvised explosive devices (IEDs) and explosive hazards (EH) poses a direct threat to those responding to the needs of internally displaced persons from areas formerly under Da’esh control and those who have returned to retaken areas.

IEDs and other EH, which have been used extensively in Iraq, present a major constraint for humanitarian, stabilization and reconstruction operations, and are affecting the ability of individuals to return to their homes.

This additional contribution is vital for supporting continued UNMAS programming in current priority areas and newly retaken areas as they become accessible. The UK has supported the programme with over GBP 13.2 million since the launch of UNMAS Iraq in 2015.

During a visit to Iraq, British Minister of State for International development and Minister of State for the Middle East at the Foreign and Commonwealth Office Alistair Burt announced that the UK will provide GBP 4 million to protect people from explosive devices in liberated areas. This includes identifying and removing explosive hazards, supporting the Government of Iraq to help victims affected by mines and education programmes to raise public awareness about the threats.

British Ambassador to Iraq Frank Baker said:

“Da’esh is in retreat but their hidden explosives remain a threat in liberated areas like Mosul. Only after these dangerous devices have been removed can people return safely and begin to rebuild their lives. Today’s announcement demonstrates the UK’s continued commitment to this vital work.”

Mr. Pehr Lodhammar, UNMAS Senior Programme Manager, noted:

“The identification and removal of explosive hazards is the first step before humanitarian and stabilization interventions can take place in liberated areas. UNMAS has carried out assessments and clearance in priority infrastructure locations in Fallujah and Mosul, enabling safe return of civilians, establishment of camps and temporary facilities for returnees and rehabilitation of Government services, key infrastructure, schools and hospitals.”

(Source: UN)

IBBC Boosts Oil and Gas Capability

The Iraq Britain Business Council (IBBC) has announced that John M. Scott (pictured) will join as an oil and gas advisor to the industry sector membership.

John has over 40 year’s international experience in upstream project management and construction throughout Africa, Latin America, UK, USA and Middle East. As an engineer, John initially worked for Taylor Woodrow in the Arctic and in the North Sea for Global Engineering before joining Texaco to run R&D in the UK.

He subsequently transferred to the US to head up development of major greenfield projects in Latin American and West Africa, including re-instating a Brazilian rainforest as part of a carbon capture initiative. He returned to the UK to join Amec Foster Wheeler before joining Petrofac as Head of Project Development.

As a representative for Foster Wheeler, John has been involved with IBBC since its foundation and has twice chaired the Oil & Gas Sector Table, so brings exceptional knowledge to both IBBC and the membership.

It is reasonable to assume that John will focus on optimising the value of the IBBC network of companies and ensuring the business chain works to the benefit of the IOC’s, the E&C contractors and the SME groupings in the UK and Iraq.

Having managed many different factions in his work, John is a natural seeker of consensus and clarity of purpose among business communities. The industry sector can therefore look forward to great insights and support as IBBC optimises its Oil & Gas membership.

Please contact london@webuildiraq.org for further information.

(Source: IBBC)

Video: UK Trade Enjoy to Iraq discusses Opportunities

Baroness Nicholson, President of the Iraq Britain Business Council (IBBC) and Her Majesty’s Trade Enjoy to Iraq, Azerbijan and Turkmenistan, discusses Iraq as a major market, IBBC’s role in creating a worldwide network for those doing clean business in Iraq, further increasing investment and the positive consequences of businesses transferring skills and technology into Iraq:

New AMAR School almost Complete

Work is almost complete on AMAR‘s latest exciting educational project in Iraq.

The state-of-the-art Secondary School in Basra is expected to begin teaching its 500+ students in October.

Ten percent of that number will be orphans who will receive a fantastic education completely free of charge, thanks to AMAR’s generous supporters.

Please help ensure Iraq’s children have the childhoods they deserve — support AMAR’s work today: https://appeal.amarfoundation.org/

(Source: AMAR International Charitable Foundation)

Iraq Britain Business Council welcomes Chevron

By John Lee.

Chevron has become the latest member of the Iraq Britain Business Council (IBBC), joining 57 other world- and region-leading organisations that form IBBC’s membership.

The company operates and has an 80 percent interest in the Sarta production-sharing contract (PSC) and the Qara Dagh PSC (pictured). The two blocks cover a combined area of 279,000 net acres (1,129 sq km).

In early 2016, it completed a second exploration well in the Sarta Block, and more evaluation of the block is planned.

For the Qara Dagh PSC, the results from seismic acquisition and evaluation in 2015 improved understanding of the prospects, and it is evaluating the next steps.

(Sources: IBBC, Chevron)

Iraq Britain Business Council welcomes Chevron

By John Lee.

Chevron has become the latest member of the Iraq Britain Business Council (IBBC), joining 57 other world- and region-leading organisations that form IBBC’s membership.

The company operates and has an 80 percent interest in the Sarta production-sharing contract (PSC) and the Qara Dagh PSC (pictured). The two blocks cover a combined area of 279,000 net acres (1,129 sq km).

In early 2016, it completed a second exploration well in the Sarta Block, and more evaluation of the block is planned.

For the Qara Dagh PSC, the results from seismic acquisition and evaluation in 2015 improved understanding of the prospects, and it is evaluating the next steps.

(Sources: IBBC, Chevron)

UKEF helps GE and Enka secure Power Contract

UK Export Finance (UKEF) has announced that it is supporting the Enka UK and General Electric (GE) consortium with US$117 million in financing to deliver two critical power projects in Iraq.

Rt Hon. Greg Hands MP (pictured), UK Minister for International Trade, welcomed the news, saying:

The Department for International Trade through UK Export Finance is delighted to be supporting these power projects, which will significantly enhance the energy sector in Iraq.

“Construction of the projects also presents huge – and hugely exciting – opportunities for UK exporters, and clearly demonstrates the UK’s leadership in the energy sector.”

UKEF has provided a guarantee to support the government of Iraq in its contract with the GE-led consortium.

This support will finance the early stages of construction of two GE-powered 750-megawatt gas-fired power plants at Dhi Qar and Samawa in southern Iraq. Once complete, the power plants will help to alleviate severe energy shortages in Iraq, supporting the country’s infrastructure development and energy security. Further financing may follow to support additional UK procurement.

UKEF and the Department for International Trade teams in Iraq and Turkey are working closely with Enka UK and GE to source at least US$250 million worth of goods and services from the UK to deliver the projects in coming months.

A supplier fair was held in March, in partnership with energy sector bodies NOF Energy and the Energy Industry Council, to connect companies in the UK supply chain with the projects.

The move demonstrates GE’s commitment to developing its UK supply chain following the agreement between GE and UKEF signed in 2015. GE is the engineering, procurement and construction (EPC) contractor for the projects, which were announced in January, and Enka UK is the main subcontractor.

This support follows an agreement between the governments of the UK and Iraq, signed in March, reaffirming the UK’s commitment to supporting Iraq’s continued economic development.

Yavuz Akturk, Director at Enka UK, said:

We are very pleased to see UK Export Finance, the leading ECA active in Iraq, supporting these projects. It would not have been possible for us to enter into these projects with GE without their support.

“These projects will help the people in the country by increasing the electrification rate while providing great opportunities for UK exporters of goods and services to participate in these transformational projects in Iraq.”

Guto Davies, Head of ECA Financing, Global Capital Advisory, GE Energy Financial Services, said:

“The closing of this facility supports the construction of these two new power plants and GE’s commitment in Iraq. UK Export Finance and the Department for International Trade in Iraq have been instrumental in helping us achieve this critical milestone.”

(Source: UK)

IBBC holds Successful Inaugural Dubai Networking Event

The Iraq Britain Business Council (IBBC) has held its first major networking event in Dubai, to accommodate the demand from its members, who operate from Dubai as a regional business hub.

Vikas Handa, the IBBC UAE Representative said over the last few years UAE has emerged as the hub for companies doing business in Iraq, prompting IBBC to open a representative office in Dubai. “I am delighted with the turnout of over 90 delegates, which was more than double the expected attendance,” he said. UAE Ministry of Economy, British Consul General and oil, gas and infrastructure majors attended.

Sponsored by Amec Foster Wheeler, the event brought together leading oil, gas and power companies as well as Infrastructure corporations. Key speakers included Zaid Elyaseri, Country Manager of BP Iraq and Mr Zohdee Mohd Faiz of Petronas who addressed the audience. Delegates were also generally engaged with discussing several business opportunities and the chance to learn from each other.

A key insight to emerge was from the UAE Ministry of Economy representative Miss Hindi Al Youha, who announced that an Iraqi delegation from the Iraqi industry ministry would be visiting UAE in September to follow up on collaboration between the regions.

IBBC will be holding its Autumn Conference at The Address Hotel, Dubai Marina on 12 November which will be attended by International Monetary Fund (IMF) and World Bank focusing on business in Iraq post ISIS, rebuilding Iraqi infrastructure as well as the latest opportunities in Oil & Gas sector.

Should anyone wish to attend the conference or any future IBBC events, please contact London@webuildiraq.org

CONTACT: Christophe Michels (IBBC Managing Director): 020 7222 7100;

E-mail: London@webuildiraq.org; Website: www.webuildiraq.org

If you are based in the Gulf and Dubai please contact Vikas Handa directly at: Vikas.handa@webuildiraq.org

(Source: IBBC)