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Latest Iraqi Steel News
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$680 million reconstruction contract goes to Bechtel
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A contract worth up to $680 million to repair war-torn Iraq's electricity
system, water supplies and other key infrastructure has gone to Bechtel Group
Inc.Worth $34.6 million initially but expected to include repair of airports,
ports and possibly work on hospitals, schools, other government buildings and
irrigation systems, the contract is the biggest awarded by USAID so far in its
initial batch of Iraq projects. Bechtel, a privately held engineering,
construction and technical services company, beat out rival Fluor Corp. , also
based in California. Fluor said it was disappointed it was outbid on the
infrastructure contract but expected to get work in other areas where it had
expertise, such as restoring Iraq's oil and gas industry. "It's safe to say that what you're seeing in dollar amounts to date is just the beginning," said Fluor spokesman Jerry Holloway |
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Middle East consortium expects Iraqi rebuilding contracts
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A consortium of companies from Saudi Arabia, Jordan, the US, Egypt and the UAE
seeking to rebuild Iraq after the war has received official commitments from
America that more than $50 million in contracts will be awarded to them, Al-Watan
newspaper reported. The manager of one of the companies, Abed Al-Harbi, said the
group had received verbal commitments from America to double the number of
contracts to the companies if they can execute projects correctly within the
price guidelines. The consortium consists of 12 companies specializing in
construction, hospital supplies, airport and seaport maintenance and operation. |
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US firms bid for Iraq reconstruction
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The Bush administration has invited five American contractors to bid for a $900
million contract, part of an initial reconstruction effort that is to take place
following the anticipated US-led military campaign in Iraq. Operating under contingency regulations since February, the US Agency for International Development (USAID) has offered American companies a chance to take part in post-war humanitarian and infrastructure projects. The six-month contracts will include seaport and airport management projects, rebuilding of highways and bridges, schools and hospitals, rehabilitating sanitation systems and electrical grids and printing textbooks. The private firms that were approached by USAID include engineering and construction corporations Bechtel, Fluor, Parsons and Louis Berger Group, as well as Kellogg Brown & Root (KBR), which is a unit of energy-services giant Halliburton. US Vice President Dick Cheney served as Halliburton's chief executive officer (CEO) from 1995 and until the 2000 elections. The US government already awarded on February 21 a post-conflict personnel support contract to the Washington-based International Resources Group. KBR won last week a government contract to oversee firefighting operations at Iraqi oilfields. |
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Logomar collapses under Iraqi debt claims
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After it's competitor Coreck collapsed in December, steel charterers Logomar have become the next victim of high freight rates, and reported bad debts in Iraq, where it had claims on cargoes of around $2.5m US$. Logomar's UK operations have ceased trading and the rest of its activities are in administration. Logomar was specialized in steel and scrap cargoes from the Black Sea to the Middle and East Asia, especially Iraq and China. |
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Ukrainian "Interpipe" ships Pipes to Iraq
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Interpipe of Ukraine has shipped 3,200 tons steel pipes to Iraq. The shipment of 1688mm and 219mm pipes from the Nizhnedneprovsky pipe works is supplied to the Southern Oil Company. Interpipe delegates are in Iraq to meet politicians, business people, and the United Nations, to chase further business under the United Nations "oil for food" programme. Interpipe supplies regularly to Syria, Lebanon, Kuwait, Israel, Egypt, Iran, and the United Arab Emirates. In 2002, one of the largest orders has been for 6,000 tons casing pipes from Nizhnedneprovsky to the "Syrian Oil Company". |
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