Search results for "basra"

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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heroin-drugs

Police Overwhelmed as Drugs from Iran flood Basra

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  In the oil-rich city of Basra in southern Iraq, drug-trafficking gangs are gaining power. Through certain areas on the Iraqi-Iranian border, drugs come in from Iran to be consumed in […]

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basra-gateway-terminal-bgt-umm-qasr-ictsi

ICTSI Opens First Phase of Basra Gateway Terminal

By John Lee. International Container Terminal Services (ICTSI) has officially inaugurated the first phase of its new $130-million greenfield port development at Basra Gateway Terminal (BGT) in Umm Qasr. Iraq’s Minister of Transport, Kadhem Finjan al-Hamami, attended the ceremony along with ICTSI chairman and president, Enrique K. Razon Jr. The Philippines-based company signed a 26-year concession […]

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Basra Oil Terminal (ABOT) 650x416

Iraq to cut Basra Oil Exports in November

By John Lee. Reuters reports that Iraq plans to cut crude oil exports from its southern ports to 3.24 million bpd in November, down from the 3.28 million bpd planned for this month. According to data from a preliminary loading programme of the State Oil Marketing Organization (SOMO), exports of Basra Light grade are expected […]

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opening-of-first-phases-of-basra-museum-270916

New Museum Opens First Gallery in Basra

A new museum celebrating the rich cultural heritage of southern Iraq has opened its first gallery at a ceremony in Basrah. The gallery, which displays artefacts from the Hellenistic period (c. 300 BC) through to the present, represents the first major milestone in an eight-year project involving the Iraq Ministry of Culture, the State Board […]

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Iraq Oil port (SOMO)

Basra Crude Oil Exports to Rise

By John Lee. Platts reports that Iraq will export 3.257 million bpd of Basra crude oil in September, up 13 percent from August. According to a provisional loading schedule seen by Platts, this will consist of 2.324 million bpd of Basra Light and 933,333 bpd of Basra Heavy grade. This compares to 2.078 million bpd […]

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Qurna, Fao, Zubair, Basra

Protesters Demand Jobs in Basra

By John Lee. Hundreds of people protested in Zubair on Sunday to demand jobs. Asharq al-Aswat reports that the protesters tried to block access to oil fields managed by BP and Eni, saying that the oil is “being stolen by thieves.” Despite its oil wealth, the Basra region suffers from poor services and huge unemployment, […]

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karadeniz electicity (power) ship

Turkish Power Ships Resume work in Basra

By John Lee. Power supply ships have reportedly returned to work in Basra following threats from the governor to expel them. The ships, reportedly owned by the Turkish-based Karadeniz Holding, had stopped production for several hours due to unpaid debts of $85 million owed to them by the Ministry of Electricity. The Turkish company supplies […]

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alddaakeer (Basra)

Basra Businesses Unite for New Ventures, New Bank

By John Lee. The Basra branch of the Iraqi Businessmen’s Association has announced the founding of the largest joint-stock company in the province. The new firm will involve hundreds of businesses in a variety of ventures, including construction, tourism, and setting up its own bank. Sabih Habib al-Hashemi, the head of the Association, said that […]

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