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S Korea wins $500m Deal for Electricity in Iraq

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)

Trade Bank in talks to Buy a Gulf Lender

By John Lee.

The state-owned Trade Bank of Iraq (TBI) is reported to be in talks to buy a Gulf bank with branches in the United Arab Emirates (UAE) and Qatar.

Chairman Faisal al-Haimus told Reuters that talks are underway and the purchase is expected to be completed in six to eight months. The name of the bank was not disclosed.

According to the report, Haimus was in Abu Dhabi to sign a 100 million euros ($115.5 million) loan agreement with Germany’s Commerzbank to enable it to support small and medium sized projects in Iraq.

More here.

(Source: Reuters)

Aggreko signs Contract with North Refineries Company

UK-based Aggreko (Middle East) and Iraq’s North Refineries Company have signed a contract for rental of temporary power generators to supply 15MW of power to Baiji Refinery as a first stage.

For Aggreko, the world’s largest supplier of temporary power, which also supplies South Refineries Company with 25MW,

This contract will help broaden the partnership between Aggreko, the world’s largest supplier of temporary power, and the Ministry of Oil and its affiliate companies, and is a demonstration of the collaboration between both entities.

Aggreko also supplies South Refineries Company with 25MW of power.

(Source: Eurogulf)

Saipem wins contract at West Qurna

By John Lee.

Italy’s Saipem has been awarded a contract by ExxonMobil Iraq Limited for the DS6 project for the debottlenecking of the West Qurna field, in the south east of Iraq.

Debottlenecking is a process that optimises a plant in order to increase its overall capacity.

The works will have a duration of 23 months and will mainly be executed in the Rumaila fabrication yard, owned by Saipem.

(Source: Saipem)

(Picture: Saipem chief executive, Stefano Cao)

APL adds new Iraq Port Call

APL has announced that the Gulf Asia Express 2 (GA2) service will soon be calling the port of Umm Qasr.

The service will also make a second call to Jebel Ali during the return leg of its service rotation to Asia. These developments demonstrate APL’s commitment to continuously provide market connectivity between the Far East and Middle East.

The enhanced GA2 service is primed to offer Asian shippers direct access to the Umm Qasr port in Iraq which is only accessible through feeder services via Jebel Ali currently. With the addition of Jebel Ali to its Middle East – Asia lap, the GA2 service will offer shippers with the best in class transit time for export cargo from Jebel Ali to the Far East.

The improved GA2 service will commence sailing from Shanghai on 6 August with the following port rotation:
Shanghai – Ningbo -Taipei – Shekou – Tanjung Pelepas – Port Klang – Jebel Ali – Umm Qasr – Jebel Ali – Port Klang – Hong Kong – Shanghai

(Source: APL)

Mitsubishi awarded $110m Iraq Port Contract

Japan’s Mitsubishi Corporation has been awarded a contract for port construction in the Republic of Iraq.

Extended by the General Company for Ports of Iraq (GCPI), the contract covers a port rehabilitation project in the country’s southern region of Basra, and is valued at approximately 110 million US dollars. The project is being funded through ODA loans provided by the Japan International Cooperation Agency (JICA).

The project will be executed through a partnership between MC and multiple international contractors, including Turkey-based energy infrastructure provider Calik Enerji (CE), in which MC holds shares, and construction firm Gap Insaat, also Turkey-based.

Both part of the Calik Holding group, these two sister companies will play a major role in executing construction while MC will be responsible for overall project coordination and serve as the prime contractor, facilitating the import of steel structures and other necessary supplies from Japan.

The objective of this project is to modernize existing industrial port facilities around Basra by (i) expanding the oil products berth at Khor Al-Zubair Port, and (ii) building a new service berth for working ships and service boats at Umm Qasr Port.

The rehabilitation of ports throughout Iraq is essential to meeting increasing demands for port infrastructure, which is growing rapidly as the volumes of trade flowing in and out of the country grows. Rehabilitating this critical infrastructure will also contribute to further stabilizing the country’s economy as post-war reconstruction advances.

This project is particularly noteworthy given that Khor Al-Zubair and Umm Qasr are the only ports currently in operation in the Basra region, where a system of ports located in the 48 kilometer wide tip of the country wedged in between Iran and Kuwait along the Persian Gulf gives Iraq its only outlet to the sea.

In addition to this project, MC intends to continue leveraging provisions under the Japanese Government policy framework for promoting export of “high-quality infrastructure” to identify opportunities that support Iraq’s efforts towards reconstruction, economic development, and increased quality of life.

(Source: Mitsubishi Corporation)

(Picture: Takehiko Kakiuchi, President and CEO of Mitsubishi Corporation)

Newtechnic wins Contract for new Central Bank of Iraq

By John Lee.

Newtechnic, which describes itself as a world leader in building engineering technology, has reportedly won the contract to design the facade and oversee the co-ordination and construction of the new Central Bank of Iraq (CBI) building in Baghdad.

According to New Civil Engineer, the building, designed by Zaha Hadid Architects (ZHA), will be 172m high and will stand on a 200m by 100m podium.

Chief Executive Andrew Watts said he will deploy UK- and US-based design-engineering teams to work on the project, which is expected to be completed by 2021.

More here.

(Source: New Civil Engineer)

Milaha Launches Qatar-Iraq Container Service

Milaha Launches First Ever Container Feeder Service Between Qatar and Iraq

Milaha, a Qatar-based maritime transport and logistics conglomerate, has announced the launch of a direct container feeder service between Qatar and Iraq.

The new service, which will be an expansion of the existing Qatar-Kuwait service that the company launched last year, will follow a Hamad Port-Umm Qasr (Iraq)-Shuwaikh (Kuwait)-Hamad Port rotation, and will be initially served by one vessel with a 1,015 TEU capacity and 110 reefer plugs.

The service will have a transit time of 2 days, making it particularly ideal for dry and refrigerated food stuff, consumer electronics, and construction materials, among other cargo. The first vessel will depart from Hamad Port on 7 May 2018 and reach at Umm Qasr Port on 9 May 2018.

Commenting on the launch of the new service, Milaha’s President and CEO Mr. Abdulrahman Essa Al-Mannai said:

“There has been excellent demand on the Qatar-Kuwait service that we launched last year, and we have been looking at ways to further expand that service to give our Iraqi clients and partners more convenience through greater port coverage and reduced transit times. This new service will contribute to the reconstruction efforts in Iraq, and will also help boost the growing trade and economic relations between Qatar and Iraq.”

(Source: Milaha)

$234m Resort to be built in Basra

By John Lee.

Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has announced the construction of a tourism and entertainment resort in Basra, to “honor and appreciate its role to support the national economy as a generous oil governorate.

The $234-million Muftiya City project has been awarded to an international holding company he named as Daiko.

The land to be used for the project is owned by the oil products distribution company.

According to information previously released by the Ministry of Oil, the 38-acre water city will included a waterpark, a leisure resort for families, and an aquarium. There will also be a zoo over 52 acres, a closed football stadium, Olympic swimming pool, sports and entertainment facilities, and restaurants.

(Source: Ministry of Oil)

US Firm wins $45m Iraq Training Deal

By John Lee.

Spartan Air Academy Iraq LLC., Addison, Texas, has been awarded a $45,000,000 firm-fixed-price, indefinite-delivery/indefinite-quantity contract for the stand-up of an Air Academy training in support of the Iraq Air Force.

Work will be performed at Balad Air Base, Iraq, and is expected to be complete by Feb. 8, 2019.

This award is the result of a country-directed sole-source acquisition.

(Source: US Dept of Defense)