Tag Archives | Basra News

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

Crescent signs Initial Contracts to Develop 3 Blocks

By John Lee. UAE-based Crescent Petroleum has signed the initial contracts to develop the oil fields of Gilabat-Qumar (in Diyala), Khashim Ahmer-Injana (in Diyala), and Khudher Al-Mai [Khider al-Mai] (in Basra and Muthana). Mr. Abd Allah Al-Kadhi, the head of exploration and production in the company, said that production will start after three years. The […]

Saddam’s Superyacht to become Sailors’ Hotel

By John Lee. The 82-meter yacht built for Saddam Hussein in 1981 is to be turned into a hotel for the pilots who guide shipping in and out of the port of Basra. The Iraqi government re-gained posession of the ‘Basrah Breeze‘ in 2010 following a legal battle in the French courts. It subsequently failed […]

KBR Confirms Contract to Develop Majnoon

KBR, Inc. announced today that it has been awarded a contract by the Basra Oil Company (BOC) for the development of the Majnoon Oil Field in Basra, Iraq. Under the terms of the contract, KBR says it will provide overall project management, multi-discipline engineering support, procurement and construction management services to BOC under a two […]

Running for the Children of Iraq

Bright and early last Saturday morning, runners in the Washington, DC area took off when the starting gun fired. It was the sixth annual IN THEIR SHOES 5K for Iraq’s most vulnerable children.  This year, for the first time, the US-based 5K was joined by a “sister” 5K in Basra, Iraq, hosted by BP. Veterans, Iraqi-Americans, diplomats, businesses, children, […]

Japan Supports Development of Water Supply and Irrigation

JICA to Support Reconstruction through Development and Rehabilitation of Water Supply and Irrigation Facilities: On 3 May, 2018, the Japan International Cooperation Agency (JICA) and the Iraqi Government signed two loan agreements at Ministry of Finance in Baghdad. These two ODA (Official Development Assistance) loans, amounting to JPY 34,880 million (approximately USD 329 million) in […]

Abadi visits Japan to Boost Trade

Prime Minister Haider al-Abadi has arrived in Tokyo for discussions with major Japanese industry and government. He met the CEO of Sumitomo Corporation, Kuniharu Nakamura to discuss future projects in Iraq, including the establishment of factories for car manufacturing in Iraq and providing after-sales services. He also met Hiroyuki Ishige, Chairman and CEO of the […]

Saudi Arabia looks to Expand its Footprint in Iraq

By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Following Iraqi Prime Minister Haider al-Abadi’s two visits to Saudi Arabia last year, Saudi Crown Prince Mohammed bin Salman is set to visit Iraq soon, according to Iraqi parliamentarian Saadoun al-Dulaimi. Although neither Riyadh […]

Biwater, Wood Partnership to Improve Iraq’s Water Infrastructure

A strategic partnership has been established between Biwater and Wood to work together in Iraq to address acute water shortages, beginning with the supply of water to the Basrah region. This important agreement between two leading UK infrastructure firms, demonstrates the scale of international interest and support in Iraq’s extensive infrastructure reconstruction efforts, and follows […]

FIFA Lifts Ban on Iraq Hosting Int’l Matches

By John Lee. Soccer’s governing body FIFA has lifted its three-decade ban on Iraq hosting international football. FIFA President Gianni Infantino is quoted as saying that this will allow international matches to be played in Erbil, Basra (pictured) and Karbala, where the security situation was considered to be “stable“, but not yet in Baghdad. Iraq […]