Tag Archives | Basra News

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

Can Iraq curb Tribal Disputes?

By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Tribal struggles are weakening Iraq’s efforts to battle the Islamic State, which has occupied large parts of the country since June 2014. It seems Iraqis, who often complained that former President Saddam Hussein’s regime involved them in […]

Al-Abadi Opens New Power Station

By John Lee. Prime Minister Dr. Haider Al-Abadi has inaugurated the new 500-MW Najibiyah gas power station in Basra province. The Prime Minister congratulated the citizens and the people of Basra on this important achievement which will increase the supply of electricity. Dr. Haider Al-Abadi said electric power is the lifeblood of the country and […]

Iraq sets up Dhi Qar Oil Company

By John Lee. Iraq has this week established the Dhi Qar Oil Company (DQOC), which will take over responsibility for the Nassiriya and Garraf oil fields. The South Oil Company (SOC) has been renamed the Basra Oil Company (BOC), following the transfer of the Dhi Qar assets to the new company. (Source: Reuters)

Turkish Airlines Launches New Iraq Route

By John Lee. Turkish Airlines is to launches regular flights from Istanbul to Basra from 2nd March. TK308 will depart from Istanbul at 05:00 on Mondays, Wednesdays, Saturdays, arriving at Basra at 09:10. The return TK309 flight leaves Basra at 10:10 on Mondays, Wednesdays, Saturdays. (Source: Rus Tourism News)

Southern Exports Remain High

By Simon Kent. Iraq’s southern oil exports remained close to their recent record of 3.37 million bpd, which was hit in November, Reuters reports. Possibly lessened by several days of maintenance work at the Single Point Moorings at the Basra terminals, the figures for December were slightly lower, at 3.27 million bpd. This closes a good year […]

Teach The Rich: Basra’s Private School Business Booming

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. Teach The Rich: Basra’s Private School Business Booming, But So Are Students’ Fees In Iraq the public education system is facing huge challenges. Often two or three schools will share […]

Basra Crude Exports to Rise in January

By John Lee. Iraq plans to export about 3.4 million bpd of crude oil from its southern oil terminals in January, according to a report from Reuters. This represents an increase of 17.2 percent on December’s estimate, and is driven by the Basra Light grade, which is planned to increase 23 percent to 2.61 million […]

Basra to get $5/barrel in 2016 Budget

By John Lee. Basra is to receive an allocation of five dollars per barrel of oil exported from the province in the 2016 budget. Local MP Hassan al-Khalati said that this will be a significant benefit to the people of Basra. (Source: Shafaaq)

APR Energy Extends Basra Contract

By Simon Kent. APR Energy plc has announced that it has signed for an extension of its power generation contract in Iraq. The company run a gas fired power station that provides electricity for Iraq’s southern port city of Basra. According to APR, the power plant has been in operation since 2012 and comprises six […]

APR Signs Contract Extension

APR Energy, which describes itself as “a global leader in fast-track power solutions”, announce on Wednesday that it has signed extensions of its power generation contracts in Iraq and Angola. The Company’s contract extension in Iraq is for a one-year term, and runs through 2016. The power plant has been in operation since 2012 and […]

Jaafari asks Japan to set up Tech Institute in Basra

Foreign Affairs Minister Dr Ibrahim Al-Jaafari met Mr Shinichi Kitaoka the President of Japan International Cooperation Agency (JICA) specialised in technical cooperation within official development assistance program. This program aims at stimulating the international cooperation, supporting the social and economic development and paying the attention to health, education, technology, communication and information sectors. The minister […]