Search results for "basra"

Weekly Security Update 25 Feb – 03 Mar 2014

By Constellis Consulting www.constellis-consulting.com Amid levels of violence in line with previous weekly averages, movements in the political sphere highlighted the different electoral strategies being followed by the government ahead of the parliamentary elections. On 25 February, Prime Minister Nouri al-Maliki stated the importance of maintaining the elections in April, confirming that the current timeframe […]

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Total Considers “World-Scale” Petrochemical Plant

By John Lee. French oil giant Total is reported to be considering building a “world-scale” petrochemical complex in Iraq. AFP reports that Patrick Pouyanne, the head of Total’s refining and chemicals division, said he signed a preliminary accord with Iraq’s industry ministry in November to examine the feasibility of the complex in Basra. “They are […]

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$4.7bn for Electricity Sector in 2014

By John Lee. The Iraqi government has allocated $4.7 billion to build power plants and finance existing electricity projects this year. Electricity ministry spokesperson Masaab Al-Mudarris told Zawya: “As part of its 2014 plan, the Ministry of Electricity requested a budget of $12 billion to complete existing projects and to sign new contracts to compensate for […]

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Weekly Security Update 18 – 24 Feb 2014

By Constellis Consulting www.constellis-consulting.com Amid continued unrest in the outskirts of Fallujah and Ramadi, ISF forces regained control of Sulaiman Pek, Salahuddin province, which was overrun by ISIL militants on 13 February. This outcome contrasts with the situation in Anbar, where a much more complex tribal landscape has prevented a direct assault on urban areas […]

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Standard Chartered makes New Appointment for Iraq

By John Lee. Standard Chartered has announced the appointment of Ahmed Muallah as Managing Director and Head of its Wholesale Banking business in Iraq. Commenting on the appointment, Gavin Wishart, Chief Executive Officer, Standard Chartered Iraq said: “This appointment comes as another testament to our long term commitment to Iraq. Standard Chartered is bringing its best international financial business […]

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Iraq Becomes China’s Number Two Crude Exporter

By John Lee. Intensive competition to supply China’s oil demand has combined with slowing demand for oil globally, and this is putting downward pressure on oil prices in 2014, Reuters reports. Iraq and Russia have positioned themselves to be long term suppliers of the Asian giant, squeezing out African and Latin American producers trying to improve […]

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Weekly Security Update 11 – 17 Feb 2014

By Constellis Consulting www.constellis-consulting.com Amid sustained levels of violence, this week was dominated by Muqtada al-Sadr’s withdrawal from politics. The announcement, made on 15 February, comes only two months before parliamentary elections for which Sadr was considered a serious candidate for the office of Prime Minister. While reasons behind his decision remain speculative, Sadr has […]

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Jordan, Iraq Discuss Oil Pipeline

Jordan and Iraq began a coordination meeting with international companies interested in constructing an oil pipeline between the Iraqi city of Basra and the port city of Aqaba in Jordan. Work on the project will begin soon, and once completed, it will be used to export crude Iraqi oil through the Aqaba port. The final […]

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