Tag Archives | Basra News

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

Iraq Oil Exports Break Record

By John Lee. Iraq’s Ministry of Oil has said that total oil exports for November have reached a record high of 4.051 million bpd. The figure is made up of 3.407 million bpd from the southern oilfields, 64,000 bpd from Kirkuk, and 580,000 bpd exported from fields controlled by the Kurdistan Regional Government (KRG). The Ministry […]

Australian Firm wins work on $80m Basra Project

By John Lee. Iraq’s Ministry of Municipalities and Public Works (MMPW) has reportedly appointed Australia-based Protechnique as the main contractor for the $80-million Basra Water Pumping Station, P2R. According to a report from Construction Week Online, it will provide engineering, procurement, and construction (EPC) services for the project’s transmission reservoir and transmission pump station; chlorine building; […]

The Young Iraqi Behind ‘The Better Facebook’

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. Sajad Saadi has dreams of becoming the next Mark Zuckerberg, the now-seriously wealthy American who helped found Facebook while he was at university. And to get that particular party started, […]

JLT Mobile Computers Supplies BGT

By John Lee. Sweden’s JLT Mobile Computers has announced that it has successfully delivered a total of 50 JLT VERSO 12 mobile computers to the Basra Gateway Terminal (BGT). BGT, a container and multi-purpose cargo handling facility at the port of Umm Qasr, is operated by Philippines-based International Container Terminal Services Inc. (ICTSI); it opened […]

Police Overwhelmed as Drugs from Iran flood Basra

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  In the oil-rich city of Basra in southern Iraq, drug-trafficking gangs are gaining power. Through certain areas on the Iraqi-Iranian border, drugs come in from Iran to be consumed in […]

Production Commences at Faihaa-2 well in Block 9

By John Lee. Kuwait Energy has announced the commencement of production from the Faihaa-2 well in the Block 9 concession. in Basra Governorate. The Faihaa 2 well was spudded on 3 January 2016, with production testing commencing on 23 September 2016 at 52/64 inch choke size at an initial rate of 9,583 barrels of oil […]

Interview: Chairman of Oil & Gas Cmte of Basra Council

CWC’s third Basra Oil, Gas and Infrastructure Conference will take place this year in Beirut, Lebanon on 24-25 of October 2016. In a pre-conference interview with the Chairman of the Oil and Gas Committee of Basra Council, Mr Ali Fares outlined the most important issues that the Basra delegation will focus on during the conference, […]

New Museum Opens First Gallery in Basra

A new museum celebrating the rich cultural heritage of southern Iraq has opened its first gallery at a ceremony in Basrah. The gallery, which displays artefacts from the Hellenistic period (c. 300 BC) through to the present, represents the first major milestone in an eight-year project involving the Iraq Ministry of Culture, the State Board […]

Basra Crude Oil Exports to Rise

By John Lee. Platts reports that Iraq will export 3.257 million bpd of Basra crude oil in September, up 13 percent from August. According to a provisional loading schedule seen by Platts, this will consist of 2.324 million bpd of Basra Light and 933,333 bpd of Basra Heavy grade. This compares to 2.078 million bpd […]

Power Supply Cut pending Payment of Debts

By John Lee. The Turkish company Karadeniz Holding has reportedly stopped supplying electricity from its three generating ships loctated in the ports of Khor al-Zubair, Umm Qasr and Abu Flous. Local media report that the move is due to the non-payment of debts to the company by the Iraqi Ministry of Electricity. The company had […]

Protesters Demand Jobs in Basra

By John Lee. Hundreds of people protested in Zubair on Sunday to demand jobs. Asharq al-Aswat reports that the protesters tried to block access to oil fields managed by BP and Eni, saying that the oil is “being stolen by thieves.” Despite its oil wealth, the Basra region suffers from poor services and huge unemployment, […]