Search results for "basra"

RiTS Hexagon, by Aziz Al Nassiri

Iraqi Entrepreneurship Centre

By Aziz Al Nassiri. Proposition Even though Iraq is an oil producing country, it is now with 35% of its population living below the poverty line. Unemployment running at 60% among the youth sector (17-25). Almost all important social indicators places the country among the bottom 5% of countries in the world. The country has […]

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Sara Akbar, CEO of Kuwait Energy

Faihaa-3 commences Oil Production

Kuwait Energy has announced the commencement of oil production from the Faihaa-3 well located in the Block 9 concession situated in the Basra Governorate. The Faihaa-3 well started commercial production on 12 February 2017 at 40/64 inch choke size and has stabilized at a gross daily rate of 5,200 barrels of oil per day (bopd). […]

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Iraq seeks to Clamp Down on Gun Ownership

By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  Iraq is working to regulate the activities of private security companies and rein in the chaotic circulation and use of weapons. On Feb. 21, a group of armed tribesmen […]

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Oil Discovered at Block 10

By John Lee. Russia’s Lukoil and Japan’s Inpex have successfully completed the testing of the first exploratory well, Eridu 1, at Block 10 in Basra governorate. The well recorded a daily flow rate of more than 1,000 cubic meters of sweet oil from Mishrif horizon, confirming geological expectations of a large hydrocarbon field presence within […]

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Radiation Danger raises Concern, Controversy in Iraq

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  Radiation levels in parts of Iraq — including the heavily populated capital — are an environmental disaster that must be investigated and remedied, parliament member Hassan Salem and […]

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Renewed Tensions over Kuwait-Iraq Border

By Sara al-Qaher for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Controversial canal again sparks dispute in Iraq Iraq is fighting a tide of dissent as its lawmakers accuse the government of handing over the Khor Abdullah border canal to Kuwait […]

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