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US Company to Upgrade Sadr Power Station | Iraq Business News

By John Lee. Iraq's Council of Ministers has approved the recommendation to convert the Sadr power station from a simple cycle to a combined cycle operation. The conversion will be done by the American company Stellar Energy for a total cost of $877,200, an increase of 3.2 percent from the original estimate. Total capacity will ....

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Chinese Firm to Double Production at East Baghdad Oil Field

By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani (pictured), visited the East Baghdad oil field in Nahrawan and Suwayrah regions, expressing a commitment to increase crude oil production and invest in associated gas. The field currently produces 30,000 barrels per day, with a peak production goal of 40,000 barrels per day under the 2018 ....

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Hungary participates in Iraqi Tree Planting Project

By John Lee. Iraq's Minister of Agriculture, Abbas Jabr Al-Ali Al-Maliki, met with the Hungarian ambassador to Baghdad, Attila Tar, to discuss the development of Iraqi-Hungarian relations, specifically in agriculture. The ambassador presented areas of joint cooperation, including the manufacture of modern machinery, agricultural commodities, organic fertilizers, and scholarships. The Minister welcomed Hungary's participation in ....

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The Carlyle Group Inc. (NASDAQ:CG) Short Interest Down 11.9% in March

The Carlyle Group Inc. (NASDAQ:CG – Get Rating) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 16,840,000 shares, a drop of 11.9% from the March 15th total of 19,110,000 shares. Based on an average daily trading volume, of 3,510,000 shares, the days-to-cover […] ....

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PM meets to progress Sadr City Project | Iraq Business News

By John Lee. The Prime Minister of Iraq, Mr. Mohammed S. Al-Sudani, has held a meeting to discuss the new Sadr City project, which aims to address the problem of overpopulation in Sadr City. The project will be built on a total area of 4,000 dunums (400 hectares). Full statement from the Media Office of ....

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