Investment Opportunity: Pharmaceutical Plant in Samarra

By John Lee.

The National Investment Commission (NIC), and the State Company for Drugs and Medical Appliances, have announced an opportunity to invest in the rehabilitation, modernization and operation of the Samarra drugs plant.

In a statement, the NIC said:

It invites reliable Arab and foreign companies directly or their agents – not mediator or supported – to participate in this investment opportunity to rehabilitate and modernize this plant on basisof participating in management, production, increasing the production capacities and take pasrt in this valuable opportunity to satisfy the Iraqi market demands and for the economic feasibility and the realizable privileges for the investors such as the availability of the essential materials for production .

“Willing investors can obtain the investment profile from the company HQ in Samarra as per the companies law no. 22 for the year 1997 as amended, article 15/3rd ; for an amount of (500,000) IDR non- refundable.

“The company shall offer all detailed information and facilitate the visit to the plan. Applications shall be according to the terms stated in the investment profile , provided that applications should be submitted by a sealed envelope before the end of the work time of Thursday 12.07.2018.

You may also visit the website www.sdisamarra.com

More details can be downloaded here (English from page 43)

(Source: National Investment Commission)

Kirkuk-Baiji-Baghdad Pipeline Opens

By John Lee.

Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has announced that the Kirkuk-Baiji-Baghdad pipeline is now operational.

According to a statement from the Ministry, the 16-inch crude oil pipeline was completed in record time.

Running for 180 kilometers, the pipeline will supply the refineries of Baiji and Daura, and the Quds power station in the north of Baghdad, at a rate of 40,000 barrels per day (bpd).

(Source: Ministry of Oil)

Chevron signs Contracts with Iraqi Oil Companies

By John Lee.

The US oil company Chevron has signed an agreement with Iraq’s Basra Oil Company (BOC) and Dhi Qar Oil Company (DQOC) to provide expertise and services, including seismic surveys, to the Iraqi companies.

Assim Jihad, Spokesman for the Ministry of Oil, said the Ministry aims to sign more memorandums of understanding with international companies to exchange experience and develop local capabilities in the oil and gas sector.

(Source: Ministry of Oil)

Oil Ministry makes first Direct Shipment of Crude

By John Lee.

Iraq’s Ministry of Oil has made its first direct shipment of crude oil since 1991.

The two-million barrel shipment was made via its subsidiary company, the Iraqi Oil Tankers Company (IOTC).

It will be delivered to a US-based customer of the State Oil Marketing Organization (SOMO).

(Source: Ministry of Oil)

Confusion over Iran-Iraq Oil Swap

By John Lee.

Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has contradicted a recent report originating from Iran’s oil ministry news agency Shana, claiming that the Iran-Iraq oil swap had started.

Reuters quotes the minister as saying that implementation of the agreement has been delayed due to “logistical issues“.

(Source: Reuters)

Iraq Humanitarian Fund helps WFP Logistics

The Logistics Cluster, led by the United Nations World Food Programme (WFP), has welcomed a generous contribution of US$860,000 from the Iraq Humanitarian Fund (IHF). The Cluster facilitates the movement of humanitarian supplies including food, medicines and even ambulances on behalf of the entire humanitarian community in Iraq.

“This contribution is perfectly aligned with the objectives of the IHF, to provide timely and flexible humanitarian funding to enable effective emergency response, increase humanitarian access, and strengthen coordination and partnerships among local and international responders,” said Marta Ruedas, the United Nations Humanitarian Coordinator for Iraq.

With this contribution, the Logistics Cluster will continue to provide coordination and information management support to the humanitarian community. The Logistics Cluster will also continue to facilitate common storage services for humanitarian supplies at three main operational hubs in Baghdad, Dahuk and Erbil, while maintaining a stock of mobile storage units ready to be deployed and installed at short notice.

“The Logistics Cluster plays a critical role in the Iraq context, offering logistics solutions and technical support to humanitarian partners responding to the needs of highly vulnerable displaced families and returnees,” said Sally Haydock, WFP Representative in Iraq. “We thank the IHF, the Humanitarian Coordinator and donors that have made this timely contribution possible.”

Established in 2015, the Iraq Humanitarian Fund supports humanitarian partners, allowing them to respond to the complex and dynamic situation in the country. IHF allocations have been made possible thanks to generous contributions from the United Kingdom, Germany, Netherlands, Belgium, Sweden, Ireland, United States, Norway, Denmark, Australia, Canada and Cyprus.

Since 2014, the IHF has provided US$3.5 million in funding to WFP activities in Iraq, including food assistance to internally displaced people and support for the Food Security, Emergency Telecommunications and Logistics Clusters.

As Iraq emerges from four years of conflict and unrest, the entire humanitarian community is providing critical resilience and recovery support for vulnerable communities after years of hardship, conflict and displacement.

(Source: WFP)

Iraq Humanitarian Fund helps WFP Logistics

The Logistics Cluster, led by the United Nations World Food Programme (WFP), has welcomed a generous contribution of US$860,000 from the Iraq Humanitarian Fund (IHF). The Cluster facilitates the movement of humanitarian supplies including food, medicines and even ambulances on behalf of the entire humanitarian community in Iraq.

“This contribution is perfectly aligned with the objectives of the IHF, to provide timely and flexible humanitarian funding to enable effective emergency response, increase humanitarian access, and strengthen coordination and partnerships among local and international responders,” said Marta Ruedas, the United Nations Humanitarian Coordinator for Iraq.

With this contribution, the Logistics Cluster will continue to provide coordination and information management support to the humanitarian community. The Logistics Cluster will also continue to facilitate common storage services for humanitarian supplies at three main operational hubs in Baghdad, Dahuk and Erbil, while maintaining a stock of mobile storage units ready to be deployed and installed at short notice.

“The Logistics Cluster plays a critical role in the Iraq context, offering logistics solutions and technical support to humanitarian partners responding to the needs of highly vulnerable displaced families and returnees,” said Sally Haydock, WFP Representative in Iraq. “We thank the IHF, the Humanitarian Coordinator and donors that have made this timely contribution possible.”

Established in 2015, the Iraq Humanitarian Fund supports humanitarian partners, allowing them to respond to the complex and dynamic situation in the country. IHF allocations have been made possible thanks to generous contributions from the United Kingdom, Germany, Netherlands, Belgium, Sweden, Ireland, United States, Norway, Denmark, Australia, Canada and Cyprus.

Since 2014, the IHF has provided US$3.5 million in funding to WFP activities in Iraq, including food assistance to internally displaced people and support for the Food Security, Emergency Telecommunications and Logistics Clusters.

As Iraq emerges from four years of conflict and unrest, the entire humanitarian community is providing critical resilience and recovery support for vulnerable communities after years of hardship, conflict and displacement.

(Source: WFP)

Disputed Election Results Threaten Conflict in Kirkuk

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News

On May 30, the Independent High Electoral Commission of Iraq annulled votes cast at more than 1,000 of the country’s polling stations, including 186 stations in Kirkuk, a city that has faced political unrest among its three social components — Arabs, Kurds and Turkmen — since the elections on May 12.

On the same day, Jan Kubis, the head of the United Nations Assistance Mission for Iraq, talked during a meeting of the United Nations Security Council in New York, where he noted reports of electoral fraud and said that Kirkuk was “one of several hotspots” of tension over the election results, adding that the situation there continues to be “volatile.”

Hundreds of members of the Iraqi Turkmen Front in Kirkuk have staged a sit-in surrounding the warehouses where the governorate ballot boxes are being kept. This has prevented the electoral commission staff from retrieving the ballot boxes despite being accompanied by a counterterrorism force.

According to statements from the commission, the boxes from some polling stations in Kirkuk remain in the warehouses and have not been transferred to the Iraqi capital because of the sit-in, which is headed by parliamentarian Arshad Salhi. “There are armed men among the protesters near the warehouses,” the electoral commission’s statement said.

Al-Monitor secured a copy of a May 30 press statement by head of the electoral commission Riad Badran. The statement said, “The Kirkuk Election Office was unable to reach the ballot boxes because of the gathering of some groups affiliated with certain political parties.”

There are concerns over the possible breakout of a conflict between different ethnicities in Kirkuk, which is what deputy head of the Turkmen Front in Kirkuk Hassan Toran warned against.

“Not responding to the demands of the Turkmen to manually recount the votes could ignite a crisis in the governorate,” Toran told Al-Monitor.

Toran, who is a member of the current Iraqi parliament, accuses the Patriotic Union of Kurdistan (PUK) — which is led by the two sons of the PUK’s late leader Jalal Talabani, Qubad and Bafel — of “vote-rigging” in Kirkuk.

“President Fuad Masum is defending the false results and using his position for partisan purposes,” Toran said in a jab at Masum, who requested the federal court decide on the annulment of some votes cast.

On May 30, Masum said that annulling some poll results would be “unconstitutional.” Masum’s position came less than 24 hours after the PUK — the president’s party — rejected the proposal of having judges oversee the manual recount of votes.

Kurds indirectly accuse members of the Turkmen Front in Kirkuk, who are protesting against the election results, of “conspiring” against the peaceful coexistence in the governorate. PUK Bloc parliament member Shwan Daoudi went as far as to draw comparisons between this sit-in and the protests in the Anbar province in 2012-13, which were part of a civil conflict from which the Islamic State emerged.

In reference to the Turkmen Front, the PUK — which emerged with six seats in Kirkuk — has accused “political parties and militias” of storming into the warehouses where the ballot boxes are stored in Kirkuk.

“The head of the electoral commission office in Kirkuk handed the keys to the warehouses to the armed militias,” Daoudi said during a press conference May 30.

Arabs in Kirkuk also joined the protests against the election results. Arab political figures there believe the PUK has rigged the vote in the governorate because it seeks the return of peshmerga forces to Kirkuk.

Kirkuk Gov. Rakan al-Jabouri, who belongs to the Arab Coalition that came in second in the governorate after securing three seats in the future parliament, accused the electoral commission of covering up the fraud and vote-rigging in Kirkuk elections.

The Arab group in the Kirkuk Governorate Council warned of a conflict that may elevate the crisis in the governorate to an “unknown” state because of the results of the current elections. All of these serious repercussions indicate that there is a crisis looming in Kirkuk as long as the integrity of the elections remains in question.

“The crisis in Kirkuk is very serious, as it is related to the size of the administrative representation [of the different components] in the governorate. Turkmen believe that their representation rights are being rejected by the Kurds,” Falah Mashaal, the former editor of state-owned al-Sabah newspaper, told Al-Monitor.

“Should the situation remain at a standstill, the crisis could shift down a conflictual path and unprecedented ethnic escalation, leading to an armed conflict that would end the relative calm that has been ongoing in the governorate for years,” he added.

The international dimensions of the dispute only compound the crisis. Turkish President Recep Tayyip Erdogan also has concerns about the election’s repercussions, as was evident in his recent contact with the leader of the Sadrist movement, Muqtada al-Sadr, indicating that any potential conflict between Kurds and Turkmen will also include Arabs.

Iran Starts Oil Swap with Iraq’s Kirkuk

Iran started swapping oil with Iraq’s Kirkuk on Sunday, after the two neighbours sorted out the logistic issues that were preventing the swap’s startup.

According to the CIF-based swap deal, Iran receives 30,000 to 60,000 bpd of oil from the Kirkuk oil fields in northern Iraq to an Iranian refinery across the border via tanker trucks, in exchange for oil for southern Iraq.

On Sunday, the tankers offloaded their cargoes at storage tanks in Iran’s Darreh Shahr, the western province of Ilam, which were installed in the city by the National Iranian Oil Products Distribution Company (NIOPDC) for the purposes of the swap operation.

The oil is to be fed to Iranian refineries. The swap agreement is subject to renegotiation.

Based on cost, insurance and freight (CIF) sale terms, seller must pay the costs and freight includes insurance to bring the goods to the port of destination.

(Source: Shana)

Iran Starts Oil Swap with Iraq’s Kirkuk

Iran started swapping oil with Iraq’s Kirkuk on Sunday, after the two neighbours sorted out the logistic issues that were preventing the swap’s startup.

According to the CIF-based swap deal, Iran receives 30,000 to 60,000 bpd of oil from the Kirkuk oil fields in northern Iraq to an Iranian refinery across the border via tanker trucks, in exchange for oil for southern Iraq.

On Sunday, the tankers offloaded their cargoes at storage tanks in Iran’s Darreh Shahr, the western province of Ilam, which were installed in the city by the National Iranian Oil Products Distribution Company (NIOPDC) for the purposes of the swap operation.

The oil is to be fed to Iranian refineries. The swap agreement is subject to renegotiation.

Based on cost, insurance and freight (CIF) sale terms, seller must pay the costs and freight includes insurance to bring the goods to the port of destination.

(Source: Shana)