Search results for "basra"

National Investment Commission (NIC) Logo (wide)

NIC announces Investment Opportunity in Basra

By John Lee. Iraq’s National Investment Commission (NIC) in coordination with the Political Prisoners Firm has announced the investment opportunity of operating Al-Khalidoon Medical Center in Basra province. Interested investors are invited to visit the Political Prisoners Firm HQ (Contracts Section) in Al-Jadiriha near the Double Decker Bridge in order to obtain the details profile […]

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Basra Oil Terminal (ABOT) 650x416

Basra Crude Exports to fall in June

By John Lee. Iraq is planning to export 3.215 million barrels per day of Basra crude in June, according to a report from Reuters. Sources told the news agency that the total is slightly lower than last month’s due to a reduction in supplies of the Basra Heavy grade. The exports consist of 2.448 million […]

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A Plague Of Stun Grenades Cause Panic in Basra

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Different groups are using stun grenades to frighten locals in Basra. Sometimes for religious reasons, other times because of political or criminal grudges. For some time now locals in the […]

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Basra Oil Terminal (ABOT) 650x416

Basra Oil Jetty Resumes Operations

By John Lee. Basra oil terminal, which was damaged by a tanker collision last month, is reported to have been successfully repaired on Sunday. Officials at the South Oil Company (SOC) told Reuters that a one-million-barrel tanker was loading light crude at the terminal on Monday. Total crude oil exports had not been affected by […]

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AMAR Water Treatment Plant revitalises Basra Community

By Emily Couch. Clean water, clean start: AMAR water treatment plant revitalises Basra Community Iraq has long been hampered by a failing water system. The devastating 2007 cholera outbreak underlined the desperate need to improve Iraq’s water and sanitation systems. In 2008, UNICEF reported that less than 50% of the country’s population had access to […]

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Qurna, Fao, Zubair, Basra

More Details on New Basra Refinery Project

By John Lee. The Ministry of Oil has given more information on the new investment opportunity to build a new 300,000-bpd refinery in Basra’s Faw (Fao). The refinery is capable of being extended by adding new units for the petrochemicals industries. The execution is according to the methods of BOT or BOO according to the […]

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Iraq Oil port (SOMO)

Iraq to cut Basra Oil Exports again

By John Lee. Reuters reports that Iraq plans to cut crude oil exports from Basra to 3.013 million bpd in March. This would be comprised of 2.207 million bpd of Basra Light blend, and 806,000 bpd of Basra Heavy. According to the report, this would be the lowest Basra export since August. (Source: Reuters)

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Basra Oil Terminal (ABOT) 650x416

Basra Oil Terminal stops Loading for 24 hrs

By John Lee. Oil exports from Iraq’s main gulf terminal have reportedly stopped from midnight on Tuesday for 24 hours to allow the installation of a new pipeline. Two sources at the South Oil Company (SOC) told Reuters that loading at the three single-point moorings (SPMs) connected with the Basra terminal will not be affected. […]

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The Truth behind Oil Theft in Basra

By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. On Jan. 15, Iraqi members of parliament, including Sadeq al-Mhanna from the ruling National Alliance, revealed that they are in possession of documents that prove the theft of 300,000 barrels […]

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pro-technique

Australian Firm wins work on $80m Basra Project

By John Lee. Iraq’s Ministry of Municipalities and Public Works (MMPW) has reportedly appointed Australia-based Protechnique as the main contractor for the $80-million Basra Water Pumping Station, P2R. According to a report from Construction Week Online, it will provide engineering, procurement, and construction (EPC) services for the project’s transmission reservoir and transmission pump station; chlorine building; […]

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