Search results for "basra"

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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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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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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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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