Cursor International executes projects and collaboration activities across several industries.
By John Lee.
By John Lee.
The National Investment Commission (NIC) has announced a new investment opportunity in Iraq:
(Source: National Investment Commission)
(Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
By for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.
Moscow’s interest in the Middle East and the growing Russian presence in the region go beyond Russian involvement in the Syrian civil war. For several years Russia has been building partnerships with various regional powers, and Iraq — with parliamentary elections only days away — has been a priority.
The Soviet Union helped Iraq industrialize its economy and was the country’s largest weapons provider until the union collapsed in 1991. Iraq’s invasion of Kuwait and the subsequent Western sanctions against it interfered with the Russia-Iraq weapons relationship. Then, after the US-led coalition’s overthrow of Iraqi President Saddam Hussein in 2003, Iraq got most of its weapons from the United States.
Under President Vladimir Putin, Russia has been trying to gradually rebuild its ties with Iraq on numerous levels. Moscow sees Iraq’s May 12 parliamentary elections as an opportunity to breathe new life into relations to create a comprehensive partnership.
In 2014, as Islamic State militants neared Baghdad and the Iraqi government couldn’t immediately receive the arms it needed from the United States, Moscow jumped on the opportunity to provide “without delay” the weapons and equipment needed, including aircraft. Maxim Maximov, Russia’s ambassador in Iraq, later commented that the deliveries represented a long-term commitment.
“We have always said that we are ready to give this country various types of assistance in strengthening its army,” Maximov said in a February interview with Interfax. “The Russian military industry has already provided the Iraqi government with a massive installment of weapons that proved their efficiency in battles against [IS], including MI-35M and MI-28N helicopters, Su-25 jet aircraft, Kornet-E anti-tank guided missiles and other military products.”
Some vital 2017 contracts for T-90 tanks are now being filled. There have been reports that Iraq is going to buy Russian S-400 surface-to-air missile defense systems, but Iraq’s ambassador to Moscow, Haidar Hadi, has denied that possibility.
Russian energy companies operating in Iraq are another critical tool for Moscow. These companies had been in Iraq long before the United States invaded in 2003 and had bid on oil and gas projects. Currently, there are two companies developing such projects in Iraq: Gazprom Neft Middle East and Lukoil.
Business for Russia’s Rosneft corporation is still uncertain. The company had contracts in the Kirkuk oilfields with the Kurdistan Regional Government, but when Baghdad overtook Kirkuk last year, the Iraqi Oil Ministry renounced those deals. Negotiations are still possible according to Russian business media reports, but the company has not confirmed the news.
Iraq is important for Russia not only as an economic and trade partner, but also as a factor in influencing regional policy. Russia clearly understands that its possibilities in the country are limited, as Iran and the United States are the main foreign players with direct influence on Iraq. Saudi Arabia, which took a number of steps to reinforce its influence in the country in the past year, still lags behind.
China, Iraq’s key economic partner, keeps a rather low profile regarding Iraq’s domestic politics. What’s important for Russia is that Iran partially and cautiously supports Baghdad’s collaboration with Moscow and the United States doesn’t openly oppose it.
That said, it’s not quite accurate to think Tehran is the one inviting Moscow to Iraq, hoping to create a counterbalance to Washington. In recent years, Baghdad politicians have increased their ability to implement independent foreign policy, and relations with Russia have been important to Iraqi officials. Russia, in turn, doesn’t seek to intervene in Iraq’s internal matters and basically operates by building pragmatic relationships with any government looking for such an arrangement. This approach helps Russians forge important political and business contacts.
For its part, Baghdad supports strengthening Moscow’s positions in an exchange that creates a new point of influence in the country potentially able to balance both Iran and the United States. Iraq thus gets a broader space for maneuvering among all the interested parties.
Certain areas of cooperation that Russia and Iraq have been exploiting have tangible potential. Military sales and energy cooperation are the most obvious ones, but Moscow is also becoming what it sees as a “natural ally” of Iraq in the fight against terrorism.
Since Russia, Syria, Iran and Iraq formed an information-sharing group in 2015, Russia has sought to deepen this area of cooperation through joint operations against radical groups. Russian lawmaker Ziyad Sabsabi has coordinated activities within that group to rescue Russian children whose parents joined IS from Iraq and Syria.
The fight against IS will gradually shift from the front line to broader counterterrorist initiatives, and Russia will be there to experience new forms of engagement with Iraq.
Institutional interaction between Moscow and Baghdad is already rather comprehensive. In addition to the counterterrorism information center and the rescue group, there’s a Russian-Iraqi action group for cooperating in the power industry and a Russian-Iraqi commission on trade, economic and scientific cooperation — a key coordinating intergovernmental body.
Russia takes advantage of all of these formats to interact with Iraqi and Kurdish governments as well as with the highest-level political leaders and contacts among “unofficial players” in the region.
Based on Maximov’s recent meetings, one can see Moscow’s attempts to maintain contacts with virtually all important actors — from major politicians in Iraqi Kurdistan such as Massoud Barzani, Iraqi Secretary-General of the Council of Ministers Mahdi al-Alaq, Vice President Nouri al-Maliki and National Wisdom Movement leader Ammar al-Hakim, among many others.
Therefore, while Russia’s strategy in Iraq aims to develop of all kinds of relationships with Baghdad and stresses support of the country’s territorial integrity, it is also multifaceted, seeking to engage with virtually all players from the country’s leadership to the leaders of the Popular Mobilization Units.
This path is meant to provide the policy flexibility necessary to maintain and increase cooperation regardless of who holds power after the upcoming elections.
Under the Patronage of H.E Prime Minister, Dr. Haider Al Abadi, organized by the General Secretariat of the Council of Ministers and the National Investment Commission (NIC) in cooperation with Economy and Business Group, the Iraq Investment and Reconstruction Opportunities Forum was held in Baghdad on Thursday the 26th April witnessing a wide local, Arab and international participation.
Dr. Sami R Al Araji, Chairman of the National Investment Commission confirmed in his opening speech that this forum is completing what has been achieved in the Kuwait international conference held last February where 212 strategic and medium investment project were presented out of 1100 project in the investment map for 2018. This forum gave the opportunity to many businessmen who missed the chance to participate in the conference to discuss new projects in different fields.
It also witnessed singing memoranda of understanding and granting a number of investment licenses. He expressed his happiness for Iraq embracing more than 700 businessmen from public, private and international community.
Dr. Mehdi Al Alaq, the General Secretary of the Council of Ministers greeted the attendees on behalf of the Prime Minster and conveyed his wishes for more success and support for the economic sector to secure a safe investment environment.
He added, the resolutions issued by the Council of Minister before the Kuwait conference event confirmed the Prime Minister’s approached to support this vital sector, pointing at the efforts of the follow up team to organize the official obligations offered by countries and funds as discussions have already started to fulfill their commitment. He also expressed his faith that the next few months will witness a big reconstruction and investment activity supported by the government.
He was open to discuss any difficulties facing investors while he thanked all those who participated in launching this economic forum.
Mr. Nail Al Kabarity, chairman of the Arab Trade Chambers called to invest in Iraq because it enjoys an attracting environment, a promising market, and a governmental support. He added that Iraq needs more support from Arab countries, so the Arab Trade Chambers Union is happy to participate economic partnerships with Iraq in serving the Iraqi people who are the actual wealth in Iraq.
Representing the World Bank, Yara Salim confirmed the Bank commitment to support Iraq in its reconstruction campaign which is part of the international obligation towards Iraq in the Kuwait conference, she is already involved in several projects working on achieving this goal side by side with the National Investment Commission by PIC capacity building and developing investment attracting legislations to create an integrated investment environment. She added that the World Bank is currently working with the Central Bank of Iraq to fund and develop the vital sectors and invest in the human resources.
In his speech, Mr. Hatem Al Qawasmi, the executive partner and founder of KPMG determined three aspects for Iraq’s future: the first is the Iraqi economic features, the second is including the main investment opportunities while the third is a presentation of what his institution can offer Iraq.
He explained some of the strategic features of developing the Iraqi private sector for the next ten years due to its ability to develop the local economy and compete with counterparts in the region by developing the organizational structures for the state owned companies to cope with the new economic reality.
The first opening session included the Executive Chairman of Economy and Business Group Mr. R. Abo Zaki’s speech where he mentioned that Iraq is on the cross line at the present time, leaving behind years of war and destruction, looking forward a prosperous future and needs a long term economic plan that enhances investment in the private sector to work effectively with the international economy.
Six investment licenses were granted during the form, four of them were granted to DICO International Holding LTD (British) to develop the three main central malls in Baghdad while the forth was for Al Muftiya project in Basra Province (housing, recreational, commercial). The fifth and sixth licenses were granted to Al Ghaith Co. (UAE) to establish the Sodium hydroxide plant and food salt factory in Muthana Province.
The National Investment Commission singed three memoranda of understanding with investor Jawad Abo Khamees (Kuwaiti) to build hotels, service and commercials centers in Baghdad, Karbala and Saladin Provinces. A forth memoranda was singed with Qeewan Group and Jawad Al Qasab to build five stars hotel and a mall in Baghdad, while the fifth one was singed with Al Arabiya for Airports and 21st Century for Satellites Co.s.
The sixth and seventh memoranda were signed with Majd Al Ardh to build the economic zone in Baghdad and Dr. Rafii Ibrahim Al Rawi to develop Al Andalus Oncology Hospital in Baghdad.
The first session under the title (Partnership in Investment) attended by Mr .Ali Al Alaq, the Governor of the Central Bank of Iraq, Mr. Wadee Al Handhal, Chairman of the Private Iraqi Banks, Mr. Ahmed Al Qadhi from EY and Mohamed Al Mutawaa from Al Baraka Group where all discussed funding the infrastructure projects, foreign and Arab investment experiences in Iraq and partnership potentials with Arab and foreign countries.
The second session included the General Secretary of the Council of Minsters Dr. Mehdi Al Alaq speech regarding the procedures aiming at improving the investment environment in Iraq. Dr. Sami R. Al Araji presented the most important investment opportunities. Also there were two other speeches for Mr. Ahmed Al Wakeel and Saib Nahhas.
Round tables sessions started later in two parts, the first part was between the governmental agencies and the private sector (Iraqi and foreign) while the second part was among the governmental agencies, private sector and international agencies.
30 companies from public and private sector were represented in an exhibition along with the forum showing available opportunities in both sectors.
A number of ministers (Oil, Planning, Reconstruction and Housing, Trade, Central Bank of Iraq) attended the event in addition to a high level diplomatic representation for 30 Arab and foreign countries including ambassadors, vice ministers, director generals, economic organizations and representatives of the Iraqi private sector.
(Source: NIC)
The Iraq Britain Business Council (IBBC) held its annual Spring Conference at the Mansion House in London and a newly formatted second day forum for Iraqi and UK SMEs to discuss business opportunities at the Royal Overseas League on the 24th and 25th of April.
The event proved to be a huge success, with record attendances and expert speaker contribution fully captivating the positive and progressive forecast for Iraq in 2018. The Conference was chaired by Rasmi Al Jabri, Deputy Chairman and Iraq representative of IBBC, who’s significant standing in Iraq was fundamental to the success of the event.
The first day of the conference, entitled ‘Iraq: Building a diversified and modern economy’ was held at the Mansion House, home of the Lord Mayor of London and featured numerous Iraqi and UK politicians, industry experts, academics, government advisers and more. The day featured the newly incorporated roundtable discussions, which facilitated greater face time with industry experts and politicians and more in-depth discussions.
The main panel sessions focused on a wide range of sectors and industries to fully address the investment opportunities, need for diversification of the economy and progress of Iraq over the last year:
SESSION 1: Finance ‘Major projects – the criteria for and process of obtaining finance for projects in Iraq’
SESSION 2: Technology ‘Developing Iraq’s digital economy’
SESSION 3: Energy and Industry ‘The need for locally available products and services – how two sectors can help diversify Iraq’s Economy’
SESSION 4: Education and Training ‘Developing human capital in Iraq’
A high-level delegation from the Government of Iraq was present, including H.E. Mohammed Shyaa Al-Sudani, Minister of Social Affairs & Acting Minister of Industry and Minerals, Mr Khadhem Al Hassani, Economic Advisor to the Prime Minister of Iraq and H.E. Dr Salih Husain Ali Al Tamimi, the Iraqi Ambassador to the UK, who were all invited to give opening addresses to IBBC Members and guests at the conference.
H.E. Dr Abdul Kariem Al Faisal, Chairman of the PM’s Advisory Commission and Mr Abbas Nasser, Legal Advisor to the Ministry of Transport and H.E. Nawzad Hadi, Governor of Erbil also attended the first day of the conference and held RoundTable discussions with IBBC Member representatives.
Several UK Government officials participated, including Baroness Nicholson of Winterbourne, The Prime Minister’s Trade Envoy to Iraq, Azerbaijan, Kazakhstan and Turkmenistan and IBBC President, Jonathan Wilks CMG, Her Majesty’s Ambassador to the Republic of Iraq and Baroness Fairhead CBE, Minister of State for Trade and Export Promotion, Department for International Trade, which demonstrates the continuing trend of increased bilateral trade and relations over the last few years between the UK & Iraq.
(Source: IBBC)
At a major Iraqi business event in London on Tuesday, there was a strong sense that Iraq’s perceived risk profile is improving, and that this is an excellent time to do business in the country.
Nearly 300 delegates attended the Iraq Britain Business Council (IBBC)‘s Spring Conference at the Mansion House, which focused on “building a diversified and modern economy“, with many of those flying in from Iraq specially for the occasion.
This record attendance was just one of the positive indicators in evidence at the event, with speakers pointing to improved security, better relations between the Kurdistan Regional Government (KRG) and the central government in Baghdad, and a growing trend towards up-skilling and capacity building in the local population; here at Iraq Business News, we’ve seen a positive indicator of our own, with a 15 percent increase in our website traffic over the past year.
Closing the conference’s first day, IBBC Managing Director Christophe Michels also drew attention to the growing number of companies joining his organisation, and a much more relaxed atmosphere in Iraq’s major cities.
The second day of the conference also saw a full house at the Royal Overseas League to discuss business opportunities for Iraqi and British small- and medium-sized enterprises (SMEs).
(Picture: Baroness Fairhead CBE, UK Minister of State for Trade and Export Promotion, addressing the conference.)
By Elena Kornienko.
Once upon a time, there lived a widow woman and her son, Jack, on their small farm in the country. Every day, Jack would help his mother with the chores — chopping the wood, weeding the garden and milking the cow.
But despite all their hard work, Jack and his mother were very poor with barely enough money to keep themselves fed. And one day he was told by his mother to go and sell their cow and use the money to buy seeds to plant a good crop. On his way to the market he met a man who offered to buy the cow for three magic beans.
The boy did this deal, however his mother got very upset that he brought home only three beans…. Long story short, the magic happened and this family started making money and had a decent living. Fairy tale, right? We have been raised by so many stories like that, but did we relate any of them to our adult lives? Just last week I felt like this boy planting the magic seeds. The seeds of knowledge. The seeds to grow the expertise of local Iraqi companies which work with international oil companies (IOCs).
It’s no secret that upon completion of any tender exercise, most of the bidders do not get any feedback from Procurement team on what made them loose that contract. And in most of the cases it is not price, but the technical proposal itself. Even having all capabilities to perform services, most of the contractors struggle to understand how to put their proposals in the best way.
And Iraq, unfortunately, is not unique in that. It is a common situation that Procurement departments are detached from their bidders and contractors. Some of IOCs run workshops on understanding their specific requirements in tenders and systems, however what is still missing in the industry is a good education system for local contractors on requirements to tenders from IOCs.
Last week, 10th April 2018, the first training in Iraq on tendering skills for oil and gas contractors took place in Basra, which was run independently from IOCs. It was specifically dedicated to local Iraqi companies and all participants got to benefit from learning what exactly is happening in Procurement teams of IOCs operating in Iraq and what makes bids win the contracts.
It was the biggest surprise to all participants that 70 percent of bids do not even make through the technical evaluation, and Procurement teams do not even get to see their prices! And while this training was a matter of planting the seeds, the watering is still to happen.
From the left to the right: Majid A. Abdullah from Basra Chamber of Industry, Sabeeh H. Al-Hashemi, Iraqi Businessmen Union Basra, Elena Kornienko, InfoCORE Consultancy, Najih Shinawa Ahmad Alqanas, Basra Chamber of Commerce
After the training, the meeting with Basra Chamber of Commerce, Basra Chamber of Industry and Iraqi Businessmen Union took place to discuss the future opportunities for local companies. Whenever it comes to education and training, it is about the future vision.
It might seem that these three beans are too small for the exchange of a milking cow, but the magic of those beans should not be underestimated. All these organizations have a great understanding of the importance of the development of local Iraqi companies, and agreed to provide support in conducting future training sessions for local companies in Basra.
What was unique and magic about that meeting is the understanding that all participants are on the same level of grasping the needs of local companies development. It was planting those magic beans and start watering them to grow the capabilities of local Iraqi contractors to make the economy of Iraq more sustainable.
Elena Kornienko has more than 15 years of professional experience in contracts, procurement and tendering in various roles from demand-identification to contract close-out. She has worked on major international oil and gas projects, including the Sakhalin-1 and Sakhalin-2 fields in Russia, and Iraq’s West Qurna-2. Now based in Dubai, she provides consultancy services to the oil and gas industry. Elena is a fluent English and Russian speaker, and a graduate of the Moscow State University of Commerce, holding a degree in Economics. She also graduated with distinction from the School of Business Administration at Portland State University and holds a CIPS diploma.
Iraq: Building a diversified and modern economy
Tuesday 24 April at Mansion House, London
IBBC’s Spring Conference returns on 24 April 2018, bringing to the heart of London the preeminent political and business figures involved in business and the economy of Iraq.
The theme for this years’ conference is Iraq: Building a diversified and modern economy. The conference aims to address the key challenges in building a diversified and modern economy, which will enable Iraq to build on the recent economic and social stability to progress into one of the Middle East’s major economies once again. Sessions will focus on Finance, Technology, Oil & Gas and Education.
The Government of Iraq has confirmed it is sending a high-level delegation of government representatives to the IBBC Spring Conference, which will be led by H.E. Dr Abdul Kariem Al Faisal, Chairman of the Iraq Prime Minister’s Advisory Commission (PMAC). The delegation will also include senior representatives from the Iraq Ministries of Oil and Industry.
The IBBC Spring Conference, held at the prestigious Mansion House, the home and office of the Lord Mayor of London, is traditionally IBBC’s flagship event, which attracts suppliers, investors, producers and buyers from Iraq, the UK and the wider international business community.
Prominent speakers include Baroness Nicholson of Winterbourne, President of IBBC and the Prime Minister’s Trade Envoy to Iraq, Azerbaijan, Turkmenistan and Kazakhstan, Alderman Sir Alan Yarrow, Lord Mayor, Locum Tenens, Ambassador Jonathon Wilks, Her Majesty’s Ambassador to the Republic of Iraq and Baroness Fairhead CBE, Minister of State for Trade and Export Promotion, Department for International Trade.
IBBC expects a high attendance at the conference and the new round tables are designed for close business interaction and the facilitation of in-depth discussion, where delegates can focus on particular sectors of interest and engage with speakers and industry experts on the issues that really matter.
With representatives from all major interested parties involved in Iraq expected to attend, as well as pre- and post- networking events, the IBBC Spring Conference 2018 will provide many opportunities for networking at the highest level, as well as providing exceptionally informative and experienced panels.
Sessions on the agenda include:
Finance: ‘Criteria and process for obtaining major project finance’ Chair: Mr Gavin Wishart, IBBC
IBBC has gathered several preeminent voices in the finance industry to discuss the challenges and opportunities Iraqi and international firms face in sourcing capital for major projects. Representatives from some of the largest international finance organisations, JP Morgan and Allan & Overy LLP, as well as representatives from UK Export Finance and GE will discuss in detail the criteria and process of obtaining finance for major projects in Iraq.
Technology: ‘Developing Iraq’s digital economy’ Chair: Mr Ashley Goodall, IBBC
The IBBC Tech Panel brings together the two leaders of the UK and Iraq e-government initiatives in addition to experts in FinTech and entrepreneurial hub development. The panel will address in detail how innovative new technology and the use of information and communication technologies (ICTs) can improve the activities in the public and private sectors to help Iraq’s economy and growth.
Oil & Gas: ‘Need for locally available products and services – how the sector can help diversification of Iraq’s economy’ Chair: Mr Vikas Handa, IBBC
This expert panel consists of representatives from the largest IOC’s in Iraq, Governmental representatives from the Iraq Ministries of Oil and Industry and an Oil & Gas expert from the Department of International Trade. The session will cover all key aspects of Iraq’s Oil & Gas sector for 2018, delivered by the preeminent experts in the field and will include a panel discussion and Q & A chaired by Vikas Handa, the head of IBBC’s Oil & Gas Sector Table and its GCC representative.
Education and Training: ‘Developing human capital in Iraq’
The panel brings together leading representatives from academia and business to address the challenges of developing Iraq’s human capital to support its transition into a diversified, vibrant economy. Members of the panel have direct experience of challenges and advantages of delivering advanced education and training in-country.
Chair & Presentation: Professor Paul Boyle, President & Vice Chancellor, Leicester University
With a dedicated and well informed agenda, IBBC are bringing the experts and practitioners best placed to answer these questions, so the international business community can work towards framing the future and contributing to a modern and outward looking Iraq. Each session will emphasise the growing business opportunities for international companies.
For more information and tickets, please visit: http://www.webuildiraq.org/ibbc-conference/spring-conference-2018/ or email london@webuildiraq.org.
GE Power has installed its Advanced Gas Path (AGP) gas turbine upgrade solution at the Iraqi Ministry of Electricity’s (MOE’s) Najibiya Power Plant.
The solution is expected to enable the MOE to increase the duration between the maintenance inspections of the gas turbines. This will decrease the downtime of the turbines and improve the availability and performance of the plant, allowing each gas turbine to feed power into the national grid for longer periods, helping to meet the country’s growing energy needs. It will also help the MOE to lower annual operations and maintenance costs.
Mussab Almudaris, official spokesperson of the Iraqi Ministry of Electricity, said:
“We are focused on enhancing access to electricity for our people and one of the critical means to achieve this goal is to make the best possible use of existing power generation infrastructure. GE’s upgrade technology at the Najibiya Power Plant is helping us to do just that, supporting the delivery of electricity for longer periods of time from the same turbines. This was a much-needed solution, particularly with Ramadan, the month of fasting, and the hot summer months right around the corner.”
Operational since 2015, the Najibiya Power Plant is equipped with four GE 9E gas turbines, and runs primarily on heavy fuel oil (HFO) to generate a total of up to 500 megawatts (MW) of power that is fed into the national grid. The site is located in the southern governorate of Basra, close to the Iraq-Kuwait border – one of the hottest inhabited locations in the world, where temperatures often exceed 50 degrees Celsius.
The power generated at the facility is largely supplied to residents, businesses and industries in the area, and vital for the local population to cope with the extreme temperatures in Basra, helping to operate fans and air conditioners.
Joseph Anis, President & CEO of GE’s Power Services business in Africa, India and the Middle East, said:
“Access to uninterrupted electricity is a cornerstone of modern civilization and essential to a high quality of life … GE’s Advanced Gas Path solution can help each turbine at the Najibiya Power Plant run for up to an additional three months per year when the plant is powered by heavy fuel oil, substantially increasing the amount of electricity available for both domestic and commercial use.”
In addition to providing the AGP solution, GE Power has also signed a five-year agreement in 2015 for the supply of parts, repairs and services at the Najibiya Power Plant. Furthermore, GE Power is providing round-the-clock on-site monitoring services for the gas turbines at the facility, whereby parameters such as the units’ temperature, vibration, speed and other indicators are continuously tracked and any disturbances immediately reported so the underlying issue may be identified and fixed to prevent faults and unplanned downtime.
Najibiya Power Plant is one of 8 sites where GE is installing a total of 36 AGP units under the Power Up Plan II. To date, over 130 GE turbines have been installed across Iraq and GE-built technologies generate up to 50 percent of Iraq’s power. The company has supported the development of the energy, healthcare and transportation sectors in Iraq for over 40 years and employs up to 300 people in the country, more than 95 percent of whom are Iraqi nationals.
(Source: GE)
The Iraq Britain Business Council (IBBC) has announced that Al-Nukhba-OFS FZCO has become the latest member to join the Council.
Al-Nukhba OFS is one of Iraq’s preeminent organisations, involved in numerous sectors of the economy with many years of experience and has developed strong relationships with a host of international companies.
Al Nukhba OFS started its business in 2005 as an investor in the Basra area in the specialized fields and expanded business areas in water and wastewater treatment plants and pre-drilling oil field services, logistics & custom clearance and oil field services.
Al Nukhba OFS provides services such as end-to-end logistics solutions and services along with of value added services to customize your supply chain to meet your precise goals and requirements. Their dedicated teams select and apply the exact resources you need to improve your business’s performance and provide flexibility for a dynamic marketplace.
Al Nukhba OFS has relationships with major companies for energy projects and has a contract with the Ministry of Electricity, Iraq and hold an exclusive HCL distribution contract with the Ministry of Industry & Minerals for AL Furat Factory. Al Nukhba is cooperating with major power companies i.e. Ansaldo Energia to develop the power sectors in Iraq and have strong support from Wood Group P&W through their Iraq Agent for the development of power section as well.
Al-Nukhba OFS are associated with numerous notable companies, such as Baker Hughes, ENKA, Eni, Scania, Daewoo, Petromid, KOGAS, Techno Engineering, TAAZ, Oilserv. Al-Nukhba OFS have successfully completed a number of projects for them, including mobilization/maintenance of RIG, Logistics and other life support services, Surveillance, Fuel & Manpower supply, Distribution & Warehousing, Camp & Site Preparation/Maintenance besides 4PL logistics and other subcontracting jobs and provide immigration services too.
Al-Nukhba OFS currently act as an agent, supplier and distributor for:
(Source: IBBC)
Iraq Britain Business Council joins British Chambers of Commerce in boost to UK – Iraq Trade
IBBC is delighted to announce that we are officially an international affiliate to the British Chambers of Commerce (BCC). The IBBC is now the official organisation to whom British companies and organisations will be referred by the BCC.
This relationship neatly mirrors our status with the Iraqi Federation of Chambers of Commerce and the Kurdish Federation of Chambers of Commerce and Industry who are close partners of IBBC. Indeed the 5 largest Iraqi chambers, namely Baghdad, Erbil, Basrah, Najaf and Karbala are full members of the IBBC.
The BCC sits at the heart of a business network that spans the length and breadth of the UK, with links to markets across the world, with 52 accredited Chambers in the UK as trusted champions of businesses, places, and global trade.
Chambers of Commerce provide a voice to the business communities they represent, amplifying their priorities and concerns. In every region and nation of the UK, Chambers of Commerce and their members work to improve the local business environment in which they operate.
The Chamber of Commerce network exists to support and connect companies, bringing together firms to build new relationships, share best practice and foster new opportunities.
Christophe Michels, MD of IBBC says:
“IBBC is delighted to have been granted this affiliate status by BCC, as this endorses our role as intermediaries and trade enablers with Iraq for all the work we do with British business in the country. It completes the circle of business with Iraqi companies, as we have an equal position in Iraq, and are thus able to bring businesses in both UK and Iraq together through this unique leverage.”
Dr Adam Marshall, Director General at BCC stated:
“We are delighted to welcome IBBC to the BCC and we look forward together to strengthening relations and business opportunities between the UK and Iraq in the weeks and months ahead.”
(Source: IBBC)