Search results for "basra"

Al_Basrah_Oil_Terminal_(ABOT)

Oil Exports on Target for Record High

By John Lee. Reuters reports that exports from Iraq’s southern terminals have averaged 3.00 million barrels per day in the first 15 days of June, up from 2.69 million bpd in the month of May. The increase is due in part to the splitting of Basra crude into two grades, Basra Heavy and Basra Light. […]

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strike - shutterstock_128382659

Iraqi Workers Protest for Wage Payment

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. Since February, mechanical engineer Faiz al-Sultani has gone without a salary. The government textile plant in Hilla has been unable to pay his wages due to Iraq’s fiscal deficit. Dozens of textile and fabric […]

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Gati Saadi Al-Jebouri, Lukoil

New Oil Grade boosts West Qurna II Output

By John Lee. Reuters reports that oil production at the West Qurna II oilfield is currently running at around 402,000 barrels per day. The news agency quotes Lukoil Overseas senior vice president, Gati Al-Jebouri (pictured), as telling at a conference in London that output is expected to rise to 420,000 bpd by the end of […]

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Peter O Sullivan CEO, Penspen

Penspen Expands in Iraq

Penspen, a leading global provider of engineering and management services to the energy industry, has underlined its commitment to growth in the Middle East with three new appointments and investment in a new office in Iraq. Ahmed Al-Dadah and Na’el Barghouthi have this month joined the company from other engineering providers, whilst Michael Simm, EVP […]

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SOMO HQ

Indian Refiners in Talks with SOMO

By John Lee. Indian state refiners Indian Oil Corporation and Hindustan Petroleum Corporation are holding talks with Iraq’s State Oil Marketing Organization (SOMO) to buy 4 million barrels of Basra light crude oil for India’s strategic petroleum reserves (SPRs). Bombay Stock Exchange had sought clarification from Hindustan Petroleum following press reports; Hindustan subsequently confirmed the […]

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internet, communications - shutterstock_175482425

Restrata wins $1.2m Network Deal

Restrata has been awarded a $1.2 million dollar (1.4 billion Iraqi dinar) contract to deploy a new managed internet network across six locations in Iraq, including West Qurna 2 Oilfield, Baghdad, Basra Central and Iraq Energy City. This new managed network enables Restrata to provide their clients with IP connectivity required to access bandwidth-hungry services […]

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cost of healthcare - shutterstock_182669174

Urgent Funding Needed for Health Care Projects

If urgently needed funds are not secured by the end of June 2015, more than 84% of health care projects serving populations in need in Iraq will be forced to close. If this happens, more than 3 million refugees, internally displaced persons and host communities will not have access to the treatment and care that […]

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ScreenHunter_1720 May. 08 15.05

Baghdad’s Policewomen Experiment On The Roads

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. Flirting With The Law: Baghdad’s Policewomen Experiment On The Roads In Baghdad, an experiment that sees women police officers directing traffic for the first time in years has become a […]

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Iraq Oil port 2 (SOMO)

Iraq aims for Record Oil Exports

By John Lee. Iraq plans to export a record volume of crude oil from its Gulf ports in June, reports Reuters. The State Oil Marketing Organization (SOMO) has reportedly allocated over 3.1 million bpd of Basra crude to buyers in a preliminary June loading programme, up from the usual monthly total of between 2.6 million […]

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