Iranian company to build 10 power plants in Iraq
Source: OilPrice.com , Author: Charles Kennedy
Posted: Tue August 9, 2011 10:28 pm

INTERNATIONAL. Following an agreement with the authorities of Diwaniyah in southern Iraq, the Iranian company Ego group will construct 10 electricity generating plants with a total capacity of 40 megawatts in Diwaniyah province, 120 miles south of the capital Baghdad.
 
Iran will increase its overall supply of electric power for Iraq by nearly a third, according to a recent agreement between the two neighboring countries, according to Iranian Energy Minister, Majid Namho.
 
During a recent meeting in Tehran with Iraq’s Electricity Minister, Raad Shallal Saeed al-Any, Namho said that “Iran’s power exports for Iraq, now estimated at 800 megawatts, are expected to rise to 1,250 megawatts, according to a decision taken by both countries recently,” The Voice of the Islamic Republic of Iran Radio 1 reported.
 
Namho added that “a 400-megawatt line – Karkha-Amara is nearly complete this summer, being a part of Iran’s planned electric power exports for Iraq. The Iraqi side has confirmed the necessity to construct the Khorramshahr-Abuflous line, expected to be completed by the summer of 2012, through sending a technical team and the settling of outstanding problems, in order to increase Iran’s electric power for Iraq from its present level to 1,250 megawatts.”
 
Note. Charles Kennedy is Deputy Editor at OilPrice.com.

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MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: November 25, 2014
INTERNATIONAL. In the end, it is unlikely that the territorial Islamic State can survive. The truth is that Turkey, Iran and Saudi Arabia are all waiting for the U.S. to solve the problem with air power and a few ground forces. These actions will not destroy IS, but they will break the group's territorial coherence.
date:Posted: November 25, 2014
BAHRAIN. The "increasingly deregulated and competitive economic environment is facilitating rapid growth in business development within the private sector."
date:Posted: November 25, 2014
INTERNATIONAL. Participants in the global oil market are eagerly awaiting the Opec meeting on November 27, which could potentially set the tone and the direction of oil prices.
INTERNATIONAL. In the end, it is unlikely that the territorial Islamic State can survive. The truth is that Turkey, Iran and Saudi Arabia are all waiting for the U.S. to solve the problem with air power and a few ground forces. These actions will not destroy IS, but they will break the group's territorial coherence.
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