Search results for "basra"

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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Al_Basrah_Oil_Terminal_(ABOT)

Increased Basra Crude Exports in June

By John Lee. Iraq plans to increase its exports of crude oil from its southern region to 3.47 million bpd in June, according to a report from Reuters. If achieved, this would beating the previous record volume set in November. The increase is planned to come mainly from the Basra Heavy grade, at 900,000 bpd, […]

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Basra Oil Terminal (ABOT) 650x416

Iraq to Load Less Basra Crude in March

By John Lee. Iraq expects to load less Basra crude in March than in February, according to a report from Reuters. A preliminary loading programme for March shows exports of 3.38 million bpd from the southern terminals, down 6.9 percent from the 3.63 million bpd planned for February. February exports, if achieved, could exceed the […]

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Teach The Rich: Basra’s Private School Business Booming

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. Teach The Rich: Basra’s Private School Business Booming, But So Are Students’ Fees In Iraq the public education system is facing huge challenges. Often two or three schools will share […]

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Basra Oil Terminal (ABOT) 650x416

Basra Crude Exports to Rise in January

By John Lee. Iraq plans to export about 3.4 million bpd of crude oil from its southern oil terminals in January, according to a report from Reuters. This represents an increase of 17.2 percent on December’s estimate, and is driven by the Basra Light grade, which is planned to increase 23 percent to 2.61 million […]

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APR Energy. (PRNewsFoto/APR Energy) (PRNewsFoto/)

APR Energy Extends Basra Contract

By Simon Kent. APR Energy plc has announced that it has signed for an extension of its power generation contract in Iraq. The company run a gas fired power station that provides electricity for Iraq’s southern port city of Basra. According to APR, the power plant has been in operation since 2012 and comprises six […]

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Jaafari asks Japan to set up Tech Institute in Basra

Foreign Affairs Minister Dr Ibrahim Al-Jaafari met Mr Shinichi Kitaoka the President of Japan International Cooperation Agency (JICA) specialised in technical cooperation within official development assistance program. This program aims at stimulating the international cooperation, supporting the social and economic development and paying the attention to health, education, technology, communication and information sectors. The minister […]

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Basra Plans World’s Tallest Tower

By Simon Kent. Basra provincial council has reportedly hired international consultancy firm Mott MacDonald to finalise plans for a 3500ft, 240 floor building which would be host to business communities, residents and public entertainment. According to designers AMBS Architects, the “city in the sky” is designed to be an “antidote” to modern super towers in […]

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