Tag Archive | "Basra"

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

Oil Exports via Ceyhan hit 420,000 bpd

By John Lee.

Exports of Kurdish and Kirkuk oil through the Turkish port of Ceyhan have reportedly risen to 420,000 bpd.

According to BasNews, this is up from 270,000 bpd in March.

2.5 million bpd were exported through Basra, giving a total of 2.92 million bpd, down from the March record of 2.98 million bpd.

(Source: BasNews)

(Oil image via Shutterstock)

Posted in Oil & GasComments (6)

Basra Lab achieves ISO/IEC Accreditation

RSK’s combined geotechnical-chemical laboratory just outside Basra has achieved accreditation to ISO/IEC 17025:2005, the international standard for competence of testing laboratories.

The ISO/IEC 17025:2005 accreditation, which was awarded by the Gulf Cooperation Council Accreditation Centre, an accredited body of the International Laboratory Accreditation Cooperation (ILAC) in March 2015, specifies the general requirements required for a laboratory to be recognised as competent to international standards to collect samples and carry out tests using standard, non-standard and laboratory-developed methods.

The laboratory has been operational since May 2014 and works for multinational oil and gas companies and leading international consultants that previously relied on expensive and time-consuming movement of samples to laboratories outside the country.

Gary Emms, geotechnical laboratory manager in Iraq, explained:

All our management staff are taken from our UK laboratories and have many years’ experience of running high-volume, quality-driven laboratories in a market where reliability and flexibility are the keys to success.

“We follow rigorous quality control processes to ensure the integrity of our analytical results and clients’ needs entirely dictate our competitive turnaround times. For priority requests, almost anything is possible.

RSK is a fully integrated, environmental, health, safety and engineering services company employing over 1000 staff worldwide, and turnover in excess of $105 million (122 billion Iraqi dinars).

(Source: RSK)

Posted in Commodities & Mining, Construction & Engineering, Oil & GasComments (5)

Iran could Supply Gas to Kuwait via Iraq

By John Lee.

The managing director of the National Iranian Gas Company (NIGC) has said it is possible for Iran to export natural gas to Kuwait through Iraq.

Hamid Reza Araqi was quoted as saying that the pipeline which is being built to export gas to Iraq could be used for this purpose also.

Iran is ready to start exporting natural gas to Iraq within a month, at 4 million cubic meters per day, increasing to 35 cubic meters per day in future.

(Source: Natural Gas Asia)

Picture: Iran’s South Pars gasfield (Photo credit: Alireza824)

Posted in Oil & GasComments (8)

Basra “Takes Further Steps Toward Independence”

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.

Kurdistan of the South? Basra Takes Further Steps Toward Independence Inside Iraq

Those who believe that the resource-rich province of Basra would be better off as a semi-autonomus region say the time is right to make this change. Others say any such project will endanger Iraq just when the country needs unity most.

The next few months will be crucial for one of Iraq’s most resource-rich provinces. For some time now there have been calls to make the southern province of Basra a region – that is, it would become more independent from the federal government in Baghdad in a similar way to Iraqi Kurdistan.

“We have noticed that this idea is more widely accepted by social and tribal leaders who were against the plan in the past,” says politician, judge and legal expert, Wael Abdul-Latif, a former governor of Basra who’s been campaigning for more independence for the province since 2008. “We have started to collect the votes of those who support the creation of a region of Basra. After this we will submit a request to the Independent High Electoral Commission.”

Now volunteers say they’ve already collected enough signatures to put forward a request to make Basra a region – and they say that they’ll submit the proposal in mid-April.

To establish a region Article 119 of the Iraqi Constitution says certain steps must be taken – this involves either a tenth of all eligible voters in the province supporting the idea or one third of the provincial council members submitting the request. After this Iraq’s Parliament decides whether to go ahead with turning a province into a more independent region with a vote.

And Basra has long been a candidate for this. In fact, the first request for regionalisation was submitted in 1921. “The rationale behind the petition was based on the economic and social characteristics of Basra, such as its having a seaport and economic vibrancy,” website Al Monitor reports.

Posted in Oil & Gas, Politics, SecurityComments (0)

MHPS to Refurbish Power Station in Basra

Mitsubishi Hitachi Power Systems (MHPS) has received an order from the Ministry of Electricity (MOE) of Iraq for refurbishment of Unit 4 (output: 200 megawatts) at the Hartha Thermal Power Station.

The refurbishment work, scheduled for completion in May 2017, requires large-scale replacement of core components of the plant’s seriously degraded power generation facilities. The project is being financed through a Japanese ODA (Overseas Development Assistance) loan extended to the Government of the Republic of Iraq.

The Hartha Thermal Power Station, which incorporates both gas- and oil-fired units, is located in the city of Basra in Iraq’s south. The original power generation equipment was supplied by Mitsubishi Heavy Industries, Ltd. (MHI) in 1980, and for more than three decades it has played a vital role in providing power to the Basra region.

But after three wars the original facilities had sustained partial damage as well as gradual degradation, so that today Unit 4 is operating at only some 40 percent of its rated capacity. The newly ordered refurbishment work will restore the unit to its original rated output as a way of contribution to Iraq’s recovery.

The rehabilitation project will consist of replacing Unit 4’s core equipment – boilers, steam turbines and generators – plus introducing a state-of-the-art distributed control system (DCS).

These improvements will significantly enhance the plant’s reliability. Installation and other work at the site will be performed by GAMA Power Systems Engineering and Contracting, Inc., an engineering firm headquartered in Turkey.

Besides MHI’s earlier involvement in the Hartha Thermal Power Plant, Hitachi, Ltd. – MHI’s partner in the integration of thermal power generation systems business that resulted in MHPS’s founding – also has a long track record in Iraq, having taken part in refurbishment projects for MOE at thermal power stations in Taji, Al-Musaib and Mosul.

Through the newly ordered refurbishment work at the Hartha Thermal Power Plant, MHPS will make a further contribution to restoring Iraq’s domestic power supply capability. Going forward, MHPS will continue to cooperate in achieving stable power supplies and enhancing generating efficiency, as a way of contribution to Iraq’s economic and social recovery.

(Source: Mitsubishi Hitachi Power Systems)

Posted in Construction & EngineeringComments (5)

Tanker Backlog Builds at Basra Port

By John Lee.

A backlog of over 30 oil tankers, two-thirds of them supertankers (VLCC), has built up outside Basra post, and shippers face delays of up to three weeks because of bad weather and possible oil quality issues, according to a report from Reuters.

Shipping industry sources said the problems could delay or limit the number of oil export cargoes from Basra in April.

The quality of Basra crude is variable, with one broker saying that at least one recent cargo was “not useable because it wasn’t the right grade,” but sources in Iraq denied this.

Iraq intends to split its oil shipments into heavy and light grades from May.

(Source: Reuters)

(Tanker image via Shutterstock)

Posted in SecurityComments (8)

Attock Cement gets Green Light

By John Lee.

Pakistan’s Econo­mic Coordination Commit­tee (ECC) has approved a proposal to allow Attock Cement Pakistan Limited (ACPL) to transfer $24 million (29 trillion Iraqi dinars) to Iraq for the construction of a cement grinding unit in Basra.

The investment will starting this month, with the company intending to hire 50 percent of its labour force from outside Iraq, create employment opportunities for Pakistanis.

ACPL is a public limited company, listed on the Karachi Stock Exchange, and is part of the Pharaon Group.

(Source: Pakistan Ministry of Finance)

(Cement image via Shutterstock)

Posted in Construction & EngineeringComments (4)

Basra Approves $216m Power Projects

By John Lee.

Basra governorate has reportedly approved 60 new power projects valued at a total of $218 million (255 billion Iraqi dinars) within its 2015 budget.

The projects were given the green light at an emergency meeting of the governing council  on Monday, and were fewer than desired because of budget constraints.

Emirates 24|7 quotes a Basra official as saying that the governorate, Iraq’s wealthiest province, approved a budget of about 4.3 trillion dinars (3.6 billion dollars) for 2015, but was allocated only 1.3 trillion dinars (1.11 billion dollars) by Baghdad due to lower oil prices and soaring military spending.

(Source: Emirates 24|7)

(Electricity image via Shutterstock)

Posted in Construction & Engineering, Public WorksComments (7)

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