Search results for "basra"

Weekly Security Update for 19th April 2012

Levels of violence fell slightly in Iraq last week. At least 38 people were killed and 40 injured in nationwide incidents. However, anecdotal evidence on the ground indicated that many Iraqis felt it constituted some sort of calm before the storm. This fear was realised earlier on 19 April when a spate of bombings struck […]

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Iraq On Target for Record Oil Exports in April

Reuters reports that Iraq’s oil exports from its southern ports have jumped by 190,000 barrels per day (bpd) in April, indicating that shipments are heading for another post-war record. Exports from the al-Basra oil terminal (ABOT), Khor al-Amaya, and the new single-point mooring (SPM) on the Gulf have averaged a combined 2.11 million bpd in […]

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New Iraqi Oil Prices for May

Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices for its Basra Light and Kirkuk crude grades for May. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: For shipments to US, contracts are priced are relative to the Argus Sour Crude Index (ASCI); Shipments to […]

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Delegation from BIC Visits Lebanon

A delegation from the Basra Investment Commission, headed by the BIC chairman Eng.Haider Ali Fadhil, visited the headquarter of Traders Association in Al- Nabatiyeh Province, South Lebanon. The delegation was accompanied by Eng. Hassan Jabir. The head of the association welcomed the delegation referring to the joint cooperation between Iraq and Lebanon; he appreciated the […]

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Minister Criticises Security and Insurance Companies

By Gavin Jones, Director of Iraq Business News, and Partner at consultancy firm Upper Quartile. Without doubt the security situation has improved significantly since I was last in Iraq, and made great strides in the south, where the first time I worked in Basra in 2007 we were never allowed into the city of Basra […]

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Metito, Snafee Win More Iraq Water Contracts

Metito, the provider of total, intelligent water management solutions in emerging markets, has announced four new projects in Iraq, worth over $185m. Metito is partnering with the Snafee Group, to supply the process design of three sewage treatment plants, in South Basra, Um Qasser, Safwan and Shatt Al Arab, which represent a combined contract total […]

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Minister for Construction: “We Need International Companies”

Iraq’s Minister for Housing and Construction, Mohammed Sahib al-Darraji, spoke to Gavin Jones for Iraq Business News: The Ministry of Housing and Construction is responsible for building over 2 million houses between now and 2015, as well as several thousand kilometres of highway and several dozen schools, hospitals and various other infrastructure projects; it’s a […]

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Ministry of Agriculture Demands Funding for Date Palms

The Iraqi Agriculture Ministry has reportedly ‘demanded’ that the ministries of planning and finance increase the Palm General Authority’s allocations from 4bn to 8bn IQD ($3.4m to $6.8m) to ensure the success of the annual plan for the development of palm groves. According to AKnews, Kamel Mukhlab, the director general of the authority, said they […]

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