Posted on 07 August 2014.
By Patrick M Schmidt.
METKA, a Greek engineering and contracting firm, has won a $165 million (192 billion Iraqi dinars) contract to work on the Shatt Al Basra Power Plant.
The contract allows for the company to oversee the process of making the plant fit to burn heavy fuel oil for electrical generation.
The project will be executed over the next year for the Ministry of Electricity.
METKA is already installing a 1,250MW gas-powered turbine in Basra on a separate contract.
Posted in Oil & Gas, Public Works
Posted on 31 May 2014.
The Special Representative of the United Nations Secretary-General (SRSG) for Iraq, Mr. Nickolay Mladenov (pictured), officially inaugurated UNDP’s sub-office for southern Iraq in Basra.
Held at the premises of the sub-office, the inauguration ceremony was attended by local officials and civil society leaders, including the Chief Justice of the Basra Appellate Court, the Head of the Police Force in Basra, the Head of the Development Committee of the Basra Provincial Council, and members of the Provincial Council.
In his opening remarks, Mr. Mladenov stressed that
“the inauguration of this sub-office demonstrates the UN’s commitment to bring its services closer to the beneficiaries and build stronger partnerships with local authorities and civil society.
“UNDP and the rest of the UN family will strive to foster greater social cohesion, inclusive growth, clean and sustainable environment and resilient and transparent governance structures and processes”.
Mr. Adam Abdelmoula, the UNDP Iraq Country Director, stated that:
“UNDP has been a Development Partner to Iraq for the past 35 years. This sub-office is meant to serve the four southern provinces of Basra, Muthanna, Thi Qar and Missan and will be followed very soon with another one for the mid-Euphrates region. UNDP will also double its presence in Erbil”.
Mr. Abdelmoula thanked the Government of Sweden for its generous contribution that enabled UNDP to establish the Basra sub-office.
Posted in Industry & Trade
Posted on 23 May 2014.
The U.S. Embassy reminds U.S. citizens that Iraq remains at high risk for kidnapping and terrorist violence. Recent reports indicate that militant groups may be surveilling U.S. citizens for possible kidnapping operations, particularly oil company employees working in Basrah Province, Iraq.
The groups may be focused on U.S. citizens at hotels in the Basrah area. We encourage all U.S. citizens to review the existing travel warning for Iraq and take appropriate measures to ensure their safety if travel to Iraq is necessary.
U.S. citizens traveling and residing abroad should enroll in the Smart Traveler Enrollment Program (STEP). U.S. citizens without internet access may enroll directly at the U.S. Embassy or U.S. Consulate General Erbil. By enrolling, U.S. citizens make it easier for the Embassy to contact them in case of emergency.
U.S. citizens may contact the U.S. Embassy, located in the IZ, via e-mail to BaghdadACS@state.gov. In the event of a U.S. citizen emergency please contact: 0770-443-1286 (from Iraq) or 011-964-770-443-1286 (from the United States).
U.S. citizens traveling abroad should regularly monitor the U.S. Department of State’s, Bureau of Consular Affairs website, where the current Worldwide Caution, Travel Warnings, Travel Alerts, and Country Specific Information can be found. The U.S. Embassy also encourages U.S. citizens to review “A Safe Trip Abroad,” which includes valuable security information for those living and traveling abroad.
Follow us on Twitter and the Bureau of Consular Affairs page on Facebook as well. In addition to information on the Internet, travelers may obtain the latest information on security conditions by calling 1-888-407-4747 toll-free in the United States and Canada, or outside the United States and Canada on a regular toll line at 1-202-501-4444. These numbers are available from 8:00 a.m. to 8:00 p.m. Eastern Time, Monday through Friday (except U.S. federal holidays).
(Source: US Embassy)
Posted in 'Your Country' - United States, Security
Posted on 21 May 2014.
By John Lee.
Iraq’s parliament fully supports a project to build an $18 billion pipeline to export crude oil from Basra to Jordan’s port city of Aqaba.
Speaking to The Jordan Times, Adnan Al Janabi, chairman of the Iraqi parliament’s energy committee said:
“We are very supportive of this strategic project with Jordan, which will greatly help Iraq increase its oil exports across the world.”
The 1,680-kilometre double pipeline will pump one million barrels of oil a day from Basra on the Arabian Gulf to Aqaba Port, and around 258 million cubic feet of gas.
The oil pipeline, which is expected to be operational late in 2017, will provide Jordan with 150,000 barrels of- oil per day, while the rest will be exported through Aqaba, generating an estimated $3 billion a year in revenues for the Kingdom.
Approximately 100 million cubic feet of natural gas will fulfil Jordan’s gas requirements and the rest will be used in pumping stations along the double pipeline.
Baghdad has recently shortlisted 12 international companies to build the pipeline, according to Iraqi officials and the State Company for Oil Projects (SCOP) is expected to invite these firms to submit their offers by November or December.
(Source: The Jordan Times)
Posted in Oil & Gas
Posted on 16 May 2014.
Fugro has been awarded a contract for one year, plus a year extension option, by Basra Gas Company (BGC) for the provision of Geotechnical Investigations and Topographic Services in the Basrah province of Southern Iraq.
Fugro will provide geotechnical and topographical survey investigation services at various locations throughout the project area to support a number of planned engineering projects for an onshore LNG plant, new pipelines, and anticipated expansion of gas compression facilities.
From the planning through to the decommissioning stages of the project, engineering survey support will be provided in the form of route, profile, setting out and as-built surveys for pipelines, cables, utility services, roads, and overhead power lines.
Geotechnical investigations will be carried out for engineering and foundation design of new structures and review of existing structures in the project area, with all geotechnical laboratory testing performed at Fugro’s accredited laboratory in Basrah.
The award builds on the work previously undertaken by Fugro Iraq in support of Basrah Gas Company’s gas development activities in the Basrah province of Southern Iraq.
The contract award supports Fugro Iraq’s commitment to the continued development of Iraq’s rebuilding process.
Posted in Construction & Engineering, Oil & Gas
Posted on 08 May 2014.
By John Lee.
Gas from the South Pars field in Iran could be supplying power stations in the province of Basra within a year, reports UPI.
A pipeline currently under construction will run from Asaluyeh to Iraq’s southern city of 2 million people, and may later extend to Syria, depending on conditions “after the war” according to Iranian deputy oil minister Ali Majedi.
The 56 inch pipeline is part of a wider deal to supply power stations across Iraq which was finalized last year and will be 270km in length when fully constructed.
Posted in Oil & Gas
Posted on 21 March 2014.
By John Lee.
Arab Bridge Maritime, the joint venture established by the governments of Iraq, Jordan and Egypt in 1985, is planning a two ferry service between Basra and Dubai.
The venture will initially cost $2 million per year based on the hiring cost of the ferries, and if successful the ferries will be purchased, according to AB Maritime director Hussein al-Souob.
Al- Souob noted that the company had gone from strength to strength, with capital rising to $100 million as of last year.
(Source: Daily News Egypt.)
Posted in Leisure and Tourism, Transportation
Posted on 20 March 2014.
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.
Basra’s Mighty Petro-Dollar: But Does the Province Have Anything to Show for it?
Basra is one of the country’s wealthiest provinces in terms of oil it produces; its budget for 2014 is bigger than some small countries’. Yet somehow the money doesn’t seem to be improving locals’ lives. Provincial authorities hope this year will be different – only the central government in Baghdad seems to be standing in their way.
Authorities in the province of Basra have many plans to improve the lot of their people – the province is one of Iraq’s biggest oil producers yet somehow the revenue from oil sales never seems to return in sufficient amounts to alleviate poverty and to allow completion of projects such as roading and housing in the area.
Still maybe this year will be different. Local politicians have high hopes, saying there is more money than ever and that various deals have been done with international firms to try and circumvent local corruption and inefficiency and to improve the region’s services.
Indeed the province’s income for 2014 will be as much as US$15 billion. This includes amounts still owed from 2013 and the amount agreed upon last year when Law 21, which governs the powers that Iraq’s provinces can have, was amended. The amendments to Article 44 of the law firmed up how much an oil producing province should get per barrel of oil: five petrodollars per barrel of oil or 150 cubic meters of natural gas.
“Basra’s budget is higher than Jordan’s,” local economist Adnan Farhan, said. “This puts the province ahead of other Iraqi cities in terms of growth and construction – if the budget is properly spent,” he cautions.
Posted in Oil & Gas