Tag Archive | "Basra"

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

NPM Approved for Food Imports


By John Lee.

Nawah Port Management (NPM) has reportedly won approval from the Iraqi government to import food cargo at its Basra port container terminal.

Nicholas Kunesh, NPM’s president and CEO, said:

This is an important moment for Basra and Iraq writ large. Given Iraq’s growing disposable income, particularly within the expanding middle class, demand is increasing to consume more types of food and at greater quantities.

“Therefore, the need for efficient, reliable movement of food into the country is becoming more and more paramount. Today’s announcement by the Iraq government clearly recognizes that necessity as well.”

Hayder Abood Abdul Abaas, a leading local Basra merchant and owner of Iraqi Basra Company, commented:

With the Port of Basra added to the list of approved Iraqi entry points for food, the challenges faced by the vast majority of us importing and selling everything from fruit juice to chicken will be greatly reduced.

“We’ve already seen a difference in getting general and containerized cargo moved into Basra through the Port of Basra.”

NPM is a business unit of North America Western Asia Holdings (NAWAH).

(Source: TradeArabia)

Posted in Industry & Trade, TransportationComments (0)

Iranian Gas to Supply Basra


By John Lee.

Gas from the South Pars field in Iran could be supplying power stations in the province of Basra within a year, reports UPI.

A pipeline currently under construction will run from Asaluyeh to Iraq’s southern city of 2 million people, and may later extend to Syria, depending on conditions “after the war” according to Iranian deputy oil minister Ali Majedi.

The 56 inch pipeline is part of a wider deal to supply power stations across Iraq which was finalized last year and will be 270km in length when fully constructed.

(Source: UPI)

 

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Iraq Oil Exports Up for April


By John Lee.

Iraq’s oil exports were up to 2.5 million bpd for April, an increase on March’s exports of 2.4 million bpd, despite the inactivity of the major northern Kirkuk-Ceyhan pipeline, which has been inoperable due to insurgent sabotage.

A statement from the ministry of oil said that April’s total of 75 million barrels brought in $7.5 billion in revenues. Iraq is currently dependent on exports through its southern terminals at Basra.

(Source: AFP) 

(Image: Basra oil terminal via SIGIR)

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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)

 

 

 

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