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Turkish Consul Says to Increase Investments in Basra

Turkish Consul Says to Increase Investments in Basra

The volume of Turkish investments in Basra is so big and we will increase the number of Turkish companies working in the city to 1000 next year, Turkish consul said on Monday.

“Our main goal is to increase the number of Turkish companies working in Basra,” Ali Reda said during the inauguration of a fair of Turkish industries in Basra, attended by Aswat al-Iraq news agency.

“There are obstacles facing Turkish investments in Basra, mainly the procedure to get the required licences,” he added.

( Aswat Al Iraq )

Posted in Industry & TradeComments Off

Turkish Consul to Increase Investments in Basra

The volume of Turkish investments in Basra is so big and we will increase the number of Turkish companies working in the city to 1000 next year, the Turkish consul said on Monday.

“Our main goal is to increase the number of Turkish companies working in Basra,” Ali Reda said during the inauguration of a fair of Turkish industries in Basra, attended by Aswat al-Iraq news agency.

“There are obstacles facing Turkish investments in Basra, mainly the routine to get the required licenses,” he added.

( Aswat Al Iraq )

Posted in Banking & FinanceComments Off

Turkish Companies Participate in the Food Products Exhibition in Basrah

Turkish Companies Participate in the Food Products Exhibition in Basrah

30 May 2010 – Iraq Directory

The first international fair for food products and household items continue in Basrah for the third day, with over 40 Turkish companies, as well as a number of international and local companies.

Salem Shaier director of (ATILIM), a Turkish Company participating in the exhibition, said that the exhibition aims to establish trade cooperation between the participating companies and Iraqi traders, indicating their intent to a similar exhibit next year.

Turkish Consul in Basrah, Ali Reza Oozjo, said that the exhibition, which consists of a number of suites, will contribute in the development of economic relations between the two countries.

Aozjo said many Turkish companies intend to invest in the province.

Basrah International Airport has witnessed last month, an exhibition of construction materials and construction equipment, and participated more than 30 Turkish companies. The second exhibition which is scheduled to end on Friday, is larger than the previous exhibition.

Posted in Industry & TradeComments Off

Plan Underway to Build 9 New Quays in Basra’s Umm Qasr

Plan Underway to Build 9 New Quays in Basra’s Umm Qasr

Basra, 31 May 2010 – Aswat Al Iraq

A plan is underway to build nine new quays in Basra’s Umm Qasr port in light of a surge in the number of ships arriving at Iraqi ports, the Iraq Ports Company director revealed on Sunday.

“A project was put up to build four quays while a company offered to set up new quays more in Umm Qasr,” Salah Abboud said in a press conference in Basra.

“Works are going on to refurbish Umm Qasr and improve its navigational depths to received different cargo ships,” he added.

Umm Qasr’s current number of quays is 21.

Posted in TransportationComments Off

Dutch Delegation to Visit Basra to Discuss Investment Opportunities

Dutch Delegation to Visit Basra to Discuss Investment Opportunities

Basra, 28 May 2010 – Aswat Al Iraq

A Dutch business delegation will visit Basra next July to discuss investment opportunities in the province, the Governor of Basra said on Thursday.

“An agreement has been reached with official Dutch authorities to send a delegation of 30 businessmen and traders to Basra to review the investment opportunities and economic capabilities in the province,” Shaltagh Abboud al-Mayah told Aswat al-Iraq news agency.

“The visit aims to attract Dutch companies to launch investment projects in the province,” he added.

“A conference has been held recently in the Iraqi embassy in Netherlands to support the investment process in Basra,” the governor noted.

Posted in Industry & Trade2 Comments

Basra Endorses 49 Service Projects

The Basra Provincial Council on Saturday endorsed 49 service projects in the fields of health and water at a total cost of 130 billion Iraqi dinars (ID), financed from oil proceeds and border outlet revenues in the province, according to the council’s deputy chairman.

“The council approved 27 water projects at 88.6 billion dinars and 22 projects in the health domain at 42.6 billion dinars,” Ahmed al-Seleity told Aswat al-Iraq news agency.

( Aswat Al Iraq )

Posted in Public WorksComments Off

Western Diplomats Assure Commitment to Boost Oil Output in Basra

Western Diplomats Assure Commitment to Boost Oil Output in Basra

US Ambassador to Iraq Christopher Hill said Tuesday the international community was committed to helping Iraq increase its oil production.

Hill, on a visit to Basra within a delegation of British, Dutch, Japanese and Italian diplomats as well as executives from international oil companies, said the US and other countries sought to speed up the development of the oil sector in Basra to achieve develoment and create jobs for Iraqis.

The representative of Shell said the company planned to drill 15 oil wells in southern Iraqi Majnoon field in next two years, while Italy’s Eni said it would increase production of Zubair oil field to 250,000 barrels per day (bpd), a statement by the US embassy in Baghdad said.

Hill, according to the statement, said oil of Iraq belonged to the Iraqis.

The Japanese charge d’affaires said Japanese companies were looking forward for a speedy formation of the government in Iraq to seriously consider investments in Iraq

Kuwait News Agency

Posted in Oil & GasComments Off

International Fair in Basra

International Fair in Basra

An international fair for food and agricultural products opened on Monday at Basra’s International Airport.

“The fair will last for four days,” a local source told Aswat al-Iraq news agency.

He noted that 150 local and foreign firms are participating in the fair.

( Aswat Al Iraq )

Posted in AgricultureComments Off

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