Tag Archive | "Basra"

The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News

Technip Wins FEED Contract at Rumaila


Technip, in partnership with China HuanQiu Contracting & Engineering Corporation (HQC), has been awarded a front-end engineering design (FEED) contract for the Ar Ratawi Natural Gas Liquids (NGL) train1 project at North Rumaila in Basra.

The deal was awarded by the Basra Gas Company (BGC), a joint venture between the Iraq’s South Gas Company (51%), Shell (44%) and Mitsubishi (5%).

The project is the first of the new greenfield associated gas processing facilities that will significantly minimize gas flaring in Iraq and make more energy resources available for power and domestic use– an NGL train with nominal feed gas capacity of 530 million standard cubic feet per day. The standalone facilities will produce liquefied petroleum gas (LPG), NGL and condensate for domestic markets.

The scope of work covers the basic engineering design package of the NGL process units, utilities and the submission of an engineering procurement and construction (EPC) package.

Technip’s operating center in Abu Dhabi will execute the project, scheduled to be completed by the end of 2014.

Vaseem Khan, President of Technip in the Middle East, declared:

This award reflects Technip’s strengthened position in the Middle-East market, following several previous awards. We are proud to bring our specific technological edge and licensed innovative solutions to the downstream industry, while leveraging our 30 years presence in the region.

(Source: Technip)

Posted in Construction & Engineering, Oil & GasComments (0)

Alstom Wins €400m Zubair Contract


Alstom has secured a contract with Eni Iraq B.V. to build the 740 MW Zubair gas-fired power plant near Basra. The contract is valued at close to €400 million.

For this turnkey project, Alstom will be responsible for engineering, building and commissioning the plant as well as supplying key equipment – most notably four highly reliable GT13E2 gas turbines.

Technical support and engineering expertise for the project will come from Alstom’s Power Generation headquarters in Baden, Switzerland, and its German gas turbine manufacturing facility in Mannheim.

Gas Business Senior Vice President, Steve Meszaros, said:

Capturing the Zubair project is another confirmation of Alstom’s strong presence in Iraq’s gas-fired power generation sector … As the country pushes forward with reconstruction and expansion efforts, Alstom is yet again there to work with partners to assist in modernising Iraqi infrastructure.

The plant will support the expansion of the Zubair oil field near Basra. This project will make Alstom the only original equipment manufacturer to have secured more than one engineering, procurement and construction (EPC) contract in Iraq, following its success securing the similar Al Mansurya plant project north-east of Baghdad in 2011.

(Source: Alstom)

Posted in Construction & Engineering, Oil & Gas, Public WorksComments (0)

First of 10 New Fast Trains Ready for Shipment


By John Lee.

China’s Dongfang Electric Corp. has completed the first of 10 high speed, desert modified diesel trains at a ceremony attended by Iraq’s ambassador to China, Railway Gazette reports.

The trains were ordered in 2012, a year after Iraq announced plans for a Basra to Baghdad high speed rail route, an initiative that does not seem to have materialized.

But the ten new trains, capable of 160 km/h, will bring the dream of a regular fast service between Basra and Baghdad closer to reality.

Each “train set” comes with two diesel engines and eight carriages with a capacity of almost 400 passengers and will be run by Iraqi Republic Railways.

Perhaps it is with sensible foresight that in addition to on board fault diagnostic systems, each train has been specially modified to cope with Iraq’s notoriously dusty conditions.

(Source: Railway Gazette)

 

Posted in TransportationComments (0)

AB Maritime Plan Basra-Dubai Ferry Route


By John Lee.

Arab Bridge Maritime, the joint venture established by the governments of Iraq, Jordan and Egypt in 1985, is planning a two ferry service between Basra and Dubai.

The venture will initially cost $2 million per year based on the hiring cost of the ferries, and if successful the ferries will be purchased, according to AB Maritime director Hussein al-Souob.

Al- Souob noted that the company had gone from strength to strength, with capital rising to $100 million as of last year.

(Source: Daily News Egypt.)

Posted in Leisure and Tourism, TransportationComments (0)

Iraq’s Oil Exports Hit Record High


By John Lee.

Surprising skeptics, the International Energy Agency has announced that Iraq’s oil exports have hit 3.6 million bpd, a record 30 year high, The Wall Street Journal reports.

Previously exports were falling due to export bottlenecks, bad weather and extensive work on infrastructure, while some northern areas such as Kirkuk were adversely affected by insecurity.

More recently, efforts to clear Iran-Iraq war era shipwrecks from the Shatt al Arab waterway caused some disruption, but experts are divided as to whether the recent rise represents Iraq meeting their export target of 3.4 million bpd for the year or whether February’s achievement is a blip.

Notably, challenges involving pumping and storage capacity at the Fao peninsula and ongoing infrastructure improvements represent near term challenges to Iraq’s export target for the year.

If these challenges are surpassable, Iraq’s oil exports can be expected to rise considerably.

(Source: WSJ)

 

 

 

Posted in Oil & GasComments (4)

Kuwaiti Company to Clean up Basra


By John Lee.

The Kuwait National Cleaning Company has reportedly won a three-year, 207-billion-Dinar contract to remove trash from Basra city.

According to a report from Alsumaria, the company beat six competitors from Germany, Lebanon, Turkey and Iran.

The Governor’s advisor for services, Mohamad Jaafar, said:

Al Basra’s Governor, Majed Al Nasrawi, reiterated on numerous occasions the importance of dealing with the company according to standards of quality, timely delivery and cleanliness instead of the weight of garbage collected and buried in landfills. The latter approach has proven to be a failure when it was adopted with Gifra, the Turkish cleaning company in 2010.

The Kuwaiti company has agreed to employ many of the existing municipal workers in providing the service, with the remaining workers re-allocated to “public schools and certain sanitary centers“.

(Source: Alsumaria)

(Picture: Refuse Collection in Basra)

Posted in Industry & Trade, Public WorksComments (1)

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 exploratory discussions at this stage that should be confirmed in coming months,” a company spokeswoman said.

No budget or timeframe has been mentioned.

(Source: AFP)

(Picture: Total HQ, Paris)

Posted in Oil & GasComments (5)

$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 the fluctuating shortage (of power), but the government only approved $4.7 billion.

Production capacity is currently 12,100 MW, with demand at 16,500 MW.

The Ministry of Electricity aims to produce an additional 7,500 MW by the end of 2014 and another 7,500 MW by the end of 2015.

According to Zawya, four new power plants were completed last year, but they are not yet operational due to gas shortages. The stations are:

  • Rumaila, Basra (1,460 MW);
  • Mansuriya, Diyala (730 MW);
  • Akkaz, Anbar (250 MW); and,
  • Alekiarp, Nineveh (750 MW).

(Source: Zawya)

(Picture: Power plant in Bayji)

Posted in Construction & Engineering, Oil & Gas, Public WorksComments (5)

IBN Newsletter 'FREE Weekly Subscription'

wyg.com