Search results for "basra"

Kuwait Energy, EGPC Partner on Block 9

By John Lee. Kuwait Energy and Egyptian General Petroleum Corporation (EGPC), the national oil company of Egypt, have jointly announced the signing of an agreement whereby EGPC has farmed in a 10 percent participating interest in the Block 9 license. The Block 9 field is located in the Basra Governorate, in Southern Iraq. The signing […]

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Weekly Security Update: 10 – 16 March 2015

 National Overview Ground operations against the militant stronghold of Tikrit have reached a temporary halt outside the city’s central districts as reinforcements arrive in preparation for further heavy fighting. Following last week’s Iraqi update, militia-backed reserves have pressed into the city from the northern, western and southern axes, capturing much of the outlying suburb of […]

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Attock Cement gets Green Light

By John Lee. Pakistan’s Econo­mic Coordination Commit­tee (ECC) has approved a proposal to allow Attock Cement Pakistan Limited (ACPL) to transfer $24 million (29 trillion Iraqi dinars) to Iraq for the construction of a cement grinding unit in Basra. The investment will starting this month, with the company intending to hire 50 percent of its labour […]

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India Increases Oil Imports from Iraq

By John Lee. India’s oil imports from Iraq have seen a sharp increase in January, according to Platts, climbing 56 percent to 2.48 million mt. Eklavya Gupte, associate editor, Europe and Africa crude oil, at Platts said: “Indian refiners are importing Iraqi Basrah light crude oil to compensate for the drop in imports from Iran […]

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Iraq Narrows Oil Discount to Asia

By John Lee. Iraq’s State Oil Marketing Organisation (SOMO) has narrowed the discount for April crude deliveries to Asian buyers by the most since November 2011, according to Bloomberg. Asian shipmentas are priced relative to the Dubai-Oman crude benchmark, published by Platts, the energy-information division of McGraw-Hill. Basrah Light to Asia will sell at a […]

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Is the Islamic State “losing?”

By Robert Tollast. A number of recent reports have suggested the Islamic State is “losing” the fight in Iraq. Does this mean the end of the organization? It’s a topic I wrote about at length for Dubai based consultancy The Brecon Group. In the long term of course, the answer is no. ISIL (the Islamic State […]

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Gas Import Agreement with Iran

By John Lee. The Managing Director of the National Iranian Gas Exports Company has said that Iran is ready to sign an agreement with Iraq to supply Basra with 5 million cubic meters (mcm) of natural gas per day in next Iranian calendar year. Alireza Kameli (pictured) said Iran will start export one year after […]

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Weekly Security Update: 24 February – 03 March 2015

National Overview As total nationwide fatalities hit their highest point since October 2014, the Iraqi Government launched the largest anti-ISIS offensive to date, in an attempt to retake one of the Islamic State group’s mains strongholds; Tikrit. The operation will be an important test case for Iraq’s Shiite-led government as it tries to reassert authority […]

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More Lives in Jeopardy as Fighting Expands

As a result of the recent widening of the conflict in Iraq, many more people – numbering in the hundreds of thousands – have been affected. The provinces of Al-Anbar, Ninawa, Salah al-Din, Diyala, and Kirkuk have been under heavy attack, driving more people to abandon their homes to seek shelter in safer areas. This […]

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British Charity Opens Clinic for Refugees

British Charity Opens Medical Clinic for Iraqi Refugees in Najaf The British-Iraqi charity, the AMAR International Charitable Foundation, has opened a clinic in the Iraqi city of Najaf to give medical assistance to the 70,000 refugees who fled to the region from the Islamic State (ISIL/Daesh). The majority of the Internally Displaced People (IDPs) are […]

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