Thursday, August 16, 2007
Iran - Iraq trade on the rise
Trade
(Press TV) - 97 percent of the $2 billion worth of bilateral trade with Iraq consists of Iranian exports to that country, Iran's envoy to Baghdad says. Iran has a significant potential to participate in Iraq's reconstruction, the Iranian ambassador, Hassan Kazemi Qomi said, adding that presently the contracts to build Baghdad's 300 Megawatt power plant and 2 pipelines to transfer 350 thousand barrels of crude oil per day from Basra to Abadan are also underway.
The 400 Megawatt electricity power transmission line from Abadan to Al-Hares is among the most important projects being implemented by Iran, Kazemi Qomi said. Iran's ambassador to Iraq noted that Iran's Pars Wagon Company has adequate capabilities to have a positive role in development of Iraq's rail network.
Signing 65 other technical cooperation documents for the expansion of Iraq's railroad is among the future cooperation in this field. The Iranian envoy referred to these projects as a clear sign of Iran's willingness to contribute to Iraq's reconstruction, mentioning that Iranian pilgrims visit to Iraq by train is another important issue.
The 400 Megawatt electricity power transmission line from Abadan to Al-Hares is among the most important projects being implemented by Iran, Kazemi Qomi said. Iran's ambassador to Iraq noted that Iran's Pars Wagon Company has adequate capabilities to have a positive role in development of Iraq's rail network.
Signing 65 other technical cooperation documents for the expansion of Iraq's railroad is among the future cooperation in this field. The Iranian envoy referred to these projects as a clear sign of Iran's willingness to contribute to Iraq's reconstruction, mentioning that Iranian pilgrims visit to Iraq by train is another important issue.
Labels: crude oil, electricity, Hassan Kazemi Qomi, Iran, Iraq, Pars Wagon Company, rail links, trade
Tuesday, March 13, 2007
Poland to build rail terminals in Kurdistan
Kurdistan, Business
(KTV) Companies from Poland and the Netherlands are currently on a visit to Kurdistan to examine various key projects including rail links and oil refineries. Representatives of the companies met with Osman Shwani, KRG Planning Minister, to negotiate the projects. At the meeting Osman Shwani pointed out that the Kurdistan Region's Investment Law made it easier for companies to set up subsidiaries here, adding that the security and stability in the region helps encourage foreign companies to come and invest in Kurdistan.
The KRG Planning Minister urged the Polish and Dutch companies to explore all potential areas of investment and said that they would receive the ministry’s full support. The two companies said they hoped that the people of Kurdistan would be able to benefit from the proposed projects. Representatives of Bumar, a Polish company, met with Said Sofi, KRG Transport Minister. The company has come to Kurdistan to take part in the construction of various transport projects, including a tram system for Hawler and rail terminals in the cities of Hawler, Sulaymaniya and Dehuk.
Labels: Bumar, KRG, Kurdistan, Netherlands, oil refineries, Osman Shwani, Poland, rail links
