Iraq Seeks $2bn in US Military Equipment

By John Lee.

The government of Iraq wants to purchase nearly $2-billion worth military equipment from the United States.
The Defense Security Cooperation Agency (DSCA) notified the US Congress of the following intended deals:

  • 50 M1135 Stryker Nuclear, Biological, and Chemical Reconnaissance Vehicles (pictured) and associated equipment, parts, training and logistical support for an estimated cost of $900 million;
  • 12 Bell 412 EP helicopters and associated equipment, parts, training and logistical support for an estimated cost of $300 million;
  • Multi-Platform Maintenance and associated equipment, parts, training and logistical support for an estimated cost of $750 million.

According to the DSCA, the proposed sales will “contribute to the foreign policy and national security of the United States by helping to improve the security of a strategic partner. [They] directly support the Iraqi government and serve the interests of the Iraqi people and the United States.
Congress has 30 days to raise any objections to the plan.
(Source: )

Source: Iraq-BusinessNews.com.

Post your commentary below.

Ukraine Targets Iraqi Market

By John Lee.

Ukraine’s Minister of Economic Development and Trade, Ihor Prasolov (pictured), has told his Iraqi counterpart Khairallah Hassan Babeker [Khayri-allah Babakir, Dr Khairallah Hassan Babiker] that Ukraine is interested in increasing exports of metallurgical products to Iraq.
At their meeting they also discussed the further engagement of Ukrainian machine-building companies in Iraqi projects, and how Ukraine can share its experience in the chemical industry.
Trade*between the two countries reached $872.5 million in 2012.
Iraq’s Babeker said:
In restoring our country’s infrastructure and facilities we will rely on the assistance of friendly countries, for instance, Ukraine.
He added that many Ukrainian goods were exported to Iraq through intermediaries, and it would be advisable to consider direct supply:
We’d like to focus on direct cooperation, especially, on opening Ukrainian companies’ branches and representative offices in Iraq, and transferring production capacity there.
Iraq is also reported to be interested in importing Ukrainian grain, meat and dairy products, eggs and sunflower oil.
(Source: Ukrainian News)

Source: Iraq-BusinessNews.com.

Post your commentary below.

Sony has Big Plans for Iraq

By John Lee.

Sony has recently unveiled its extensive plan for expansion in Iraq.
Along with its official business partner, Modern Electronics Iraq (MEI) Sony will look to transform the Iraqi consumers’ experience through launching its entire line-up of latest technology products, introducing experiential Sony-branded stores and setting up authorised service centres in Iraq.
The announcements, which came at an exclusive dealers’ conference in Erbil, highlight the significance Sony places on Iraq as an emerging market in the Middle East with a huge potential for growth.
Iraq is undoubtedly one of the most important markets for Sony. By 2015, we hope to achieve a $350 million share in the consumer electronics space, including the fast-growing mobile phone business,” Sony Middle East and Africa managing director Hiroyasu Sugiyama said at the event.
The numbers certainly look exciting, but our immediate focus is to identify tactics that help us move towards our target. The Sony roadmap for Iraq constitutes a three-pillared strategy based on product, customer and operation.
Recognising the demand for its entire line-up of products in Iraq, Sony aims to synchronise its international launches to include Iraq. From the award-winning Sony Xperia Z smartphone, the Xperia tablet, Vaio notebooks and Bravia 4K TVs to the PlayStation 3 game console and the world’s most powerful audio system, the Shake 7 stereo, Sony will look to reduce wait-time and increase the availability of its products for Iraqi consumers.
Looking to transform the experiential prospects for Iraqi customers, Sony is also set to roll-out its unique world-class branded stores, where all products are displayed in an open and easy-to-touch-and-try layout, with Sony-trained salespersons ready to explain and demonstrate these products.

Source: Iraq-BusinessNews.com.

Post your commentary below.

Daewoo Wins $709m Gas Contract

By John Lee.

Daewoo Engineering and Construction has won a $709-million contract to upgrade the Akkas gas field in Anbar province, near the Syrian border, the Iraqi cabinet secretary announced.
The South Korean company will provide engineering, procurement, construction and commissioning of a central processing facility in the field.
Construction of the new facility is planned to take 46-and-half months from start to completion.
Along with Kazakhstan’s KazMunaiGas, KOGAS won the rights to develop the Akkas field during Iraq’s third energy bidding round in October 2010, but KazMunaiGas pulled out of the deal months later, forcing KOGAS to double its share in the project.
The contract stipulates a production plateau of 400,000 Mcf/day for a remuneration fee of $5.50/barrel of oil equivalent, with the plateau output to be maintained for 13 years.
(Sources: Dow Jones, Reuters)

Source: Iraq-BusinessNews.com.

Post your commentary below.

Iraq Seeks $2bn in US Military Equipment

By John Lee.

The government of Iraq wants to purchase nearly $2-billion worth military equipment from the United States.
The Defense Security Cooperation Agency (DSCA) notified the US Congress of the following intended deals:

  • 50 M1135 Stryker Nuclear, Biological, and Chemical Reconnaissance Vehicles (pictured) and associated equipment, parts, training and logistical support for an estimated cost of $900 million;
  • 12 Bell 412 EP helicopters and associated equipment, parts, training and logistical support for an estimated cost of $300 million;
  • Multi-Platform Maintenance and associated equipment, parts, training and logistical support for an estimated cost of $750 million.

According to the DSCA, the proposed sales will “contribute to the foreign policy and national security of the United States by helping to improve the security of a strategic partner. [They] directly support the Iraqi government and serve the interests of the Iraqi people and the United States.
Congress has 30 days to raise any objections to the plan.
(Source: )

Source: Iraq-BusinessNews.com.

Post your commentary below.

Ukraine Targets Iraqi Market

By John Lee.

Ukraine’s Minister of Economic Development and Trade, Ihor Prasolov (pictured), has told his Iraqi counterpart Khairallah Hassan Babeker [Khayri-allah Babakir, Dr Khairallah Hassan Babiker] that Ukraine is interested in increasing exports of metallurgical products to Iraq.
At their meeting they also discussed the further engagement of Ukrainian machine-building companies in Iraqi projects, and how Ukraine can share its experience in the chemical industry.
Trade*between the two countries reached $872.5 million in 2012.
Iraq’s Babeker said:
In restoring our country’s infrastructure and facilities we will rely on the assistance of friendly countries, for instance, Ukraine.
He added that many Ukrainian goods were exported to Iraq through intermediaries, and it would be advisable to consider direct supply:
We’d like to focus on direct cooperation, especially, on opening Ukrainian companies’ branches and representative offices in Iraq, and transferring production capacity there.
Iraq is also reported to be interested in importing Ukrainian grain, meat and dairy products, eggs and sunflower oil.
(Source: Ukrainian News)

Source: Iraq-BusinessNews.com.

Post your commentary below.

Sony has Big Plans for Iraq

By John Lee.

Sony has recently unveiled its extensive plan for expansion in Iraq.
Along with its official business partner, Modern Electronics Iraq (MEI) Sony will look to transform the Iraqi consumers’ experience through launching its entire line-up of latest technology products, introducing experiential Sony-branded stores and setting up authorised service centres in Iraq.
The announcements, which came at an exclusive dealers’ conference in Erbil, highlight the significance Sony places on Iraq as an emerging market in the Middle East with a huge potential for growth.
Iraq is undoubtedly one of the most important markets for Sony. By 2015, we hope to achieve a $350 million share in the consumer electronics space, including the fast-growing mobile phone business,” Sony Middle East and Africa managing director Hiroyasu Sugiyama said at the event.
The numbers certainly look exciting, but our immediate focus is to identify tactics that help us move towards our target. The Sony roadmap for Iraq constitutes a three-pillared strategy based on product, customer and operation.
Recognising the demand for its entire line-up of products in Iraq, Sony aims to synchronise its international launches to include Iraq. From the award-winning Sony Xperia Z smartphone, the Xperia tablet, Vaio notebooks and Bravia 4K TVs to the PlayStation 3 game console and the world’s most powerful audio system, the Shake 7 stereo, Sony will look to reduce wait-time and increase the availability of its products for Iraqi consumers.
Looking to transform the experiential prospects for Iraqi customers, Sony is also set to roll-out its unique world-class branded stores, where all products are displayed in an open and easy-to-touch-and-try layout, with Sony-trained salespersons ready to explain and demonstrate these products.

Source: Iraq-BusinessNews.com.

Post your commentary below.

Daewoo Wins $709m Gas Contract

By John Lee.

Daewoo Engineering and Construction has won a $709-million contract to upgrade the Akkas gas field in Anbar province, near the Syrian border, the Iraqi cabinet secretary announced.
The South Korean company will provide engineering, procurement, construction and commissioning of a central processing facility in the field.
Construction of the new facility is planned to take 46-and-half months from start to completion.
Along with Kazakhstan’s KazMunaiGas, KOGAS won the rights to develop the Akkas field during Iraq’s third energy bidding round in October 2010, but KazMunaiGas pulled out of the deal months later, forcing KOGAS to double its share in the project.
The contract stipulates a production plateau of 400,000 Mcf/day for a remuneration fee of $5.50/barrel of oil equivalent, with the plateau output to be maintained for 13 years.
(Sources: Dow Jones, Reuters)

Source: Iraq-BusinessNews.com.

Post your commentary below.

Iraq Seeks $2bn in US Military Equipment

By John Lee.

The government of Iraq wants to purchase nearly $2-billion worth military equipment from the United States.
The Defense Security Cooperation Agency (DSCA) notified the US Congress of the following intended deals:

  • 50 M1135 Stryker Nuclear, Biological, and Chemical Reconnaissance Vehicles (pictured) and associated equipment, parts, training and logistical support for an estimated cost of $900 million;
  • 12 Bell 412 EP helicopters and associated equipment, parts, training and logistical support for an estimated cost of $300 million;
  • Multi-Platform Maintenance and associated equipment, parts, training and logistical support for an estimated cost of $750 million.

According to the DSCA, the proposed sales will “contribute to the foreign policy and national security of the United States by helping to improve the security of a strategic partner. [They] directly support the Iraqi government and serve the interests of the Iraqi people and the United States.
Congress has 30 days to raise any objections to the plan.
(Source: )

Source: Iraq-BusinessNews.com.

Post your commentary below.

Ukraine Targets Iraqi Market

By John Lee.

Ukraine’s Minister of Economic Development and Trade, Ihor Prasolov (pictured), has told his Iraqi counterpart Khairallah Hassan Babeker [Khayri-allah Babakir, Dr Khairallah Hassan Babiker] that Ukraine is interested in increasing exports of metallurgical products to Iraq.
At their meeting they also discussed the further engagement of Ukrainian machine-building companies in Iraqi projects, and how Ukraine can share its experience in the chemical industry.
Trade*between the two countries reached $872.5 million in 2012.
Iraq’s Babeker said:
In restoring our country’s infrastructure and facilities we will rely on the assistance of friendly countries, for instance, Ukraine.
He added that many Ukrainian goods were exported to Iraq through intermediaries, and it would be advisable to consider direct supply:
We’d like to focus on direct cooperation, especially, on opening Ukrainian companies’ branches and representative offices in Iraq, and transferring production capacity there.
Iraq is also reported to be interested in importing Ukrainian grain, meat and dairy products, eggs and sunflower oil.
(Source: Ukrainian News)

Source: Iraq-BusinessNews.com.

Post your commentary below.