Search results for "basra"

Fugro Wins Contract Extension by BGC

Fugro has been awarded a three year contract extension by Basra Gas Company (BGC). The contract covers the provision of topographic and geotechnical services in the Basrah province of Southern Iraq, as well as bathymetric surveys and metocean services. Since being awarded the contract in March 2014, Fugro has provided geotechnical and topographical survey investigation […]

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Dragon Oil Updates on Operations

By John Lee. In its 2014 Full-Year Results, Dragon Oil gave the following update on its operations in Iraqi Kurdistan: On 10 September 2014, the partners in Block 9 in Iraq, Dragon Oil (30%) and Kuwait Energy (70% and operator), announced their first oil discovery at the consortium’s first target, the Mishrif formation, reached at […]

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Iraq has Lost Billions from Gas Flaring

By John Lee. The former head of the Energy Studies Department at the Opec Secretariat in Vienna has said that delays in capturing associated gas from Iraq’s oilfields is costing the country billions of dollars. Saadallah Al Fathi told GulfNews.com that the Basra Gas Company (BGC) is very slow in rehabilitating and maintaining the plants […]

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Iraqi Tribes Become ‘State within a State’

By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Equipped with various firearms, convoys of tribal members can be seen across Iraq, in defiance of the laws prohibiting the firing of guns into the air. This causes major economic losses, while the country […]

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Weekly Security Update, 03 – 09 February 2015

National Overview Jordanian air campaign in Syria occurs amid ongoing counter-ISIS offensive across Iraq, as militant activity is curtailed in northern and central conflict zones. While Jordan’s armed forces have substantially increased their military presence along Iraq’s south-western border following the killing of pilot Muath al-Kasasbeh by the Islamic State of Iraq and al Sham […]

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Critical Humanitarian Situation in 3 Southern Provinces

The humanitarian situation of Iraqis recently displaced to the southern governorates of Najaf, Kerbala and Babel is reaching critical levels, according to an assessment by the United Nations World Food Programme (WFP). WFP assists 50,000 displaced families in Basrah, Thi Qar, Qadissiya, Missan, Wassit, Muthanna, Najaf, Kerbala, and Babel. “Despite the dangers and challenges posed […]

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Shell Signs $11bn Petrochemical Deal

By John Lee. Shell has reportedly signed a deal with Iraq worth $11 billion (12.8 trillion Iraqi dinars) to build a petrochemicals plant in Basra. On Wednesday, Industry Minister Nasser al-Esawi [Nasser al-Issawi] told a press conference that the Nibras complex would make Iraq the largest petrochemical producer in the Middle East. The news comes […]

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New Forum on Peaceful Coexistence and Reconciliation

Subsequent to the roundtable discussions on social cohesion amongst Iraq’s social and political actors that were held in Baghdad on 26 and 27 November 2014 and following-up on their recommendations, the Special Representative of the United Nations Secretary-General for Iraq (SRSG), Mr.Nickolay Mladenov, on Sunday chaired in Kerbala the first of a series of roundtable […]

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Baroness Nicholson meets with Iraqi PM

Baroness Emma Nicholson of Winterbourne, UK Trade Envoy for Iraq and Iraq Britain Business Council’s (IBBC) Chairman, met Iraq’s new Prime Minister, Mr Haider al-Abadi, for wide-ranging talks during his visit to London this week. Mr al-Abadi was attending the Lancaster House coalition conference on the situation with Da’esh (Islamic State) but was keen to […]

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