By John Lee. Hyundai Engineering & Construction has reportedly won a $2.45-billion deal to build a seawater processing facility in Iraq. South Korean media report that the company signed a letter of intent with Basra Oil Company (BOC) on Wednesday for the 49-month project, which will be capable of supplying 5 million barrels of fresh […]
Tag Archives | Al Basra
Tags: Al Basra, Basra News, Basra Oil Company (BOC), desalination, featured, Hyundai, Iraq Oil Production News, korea, mn, South Korea
Shell “Still Evaluating” Viability of Nebras Petrochemicals Complex
By John Lee. Shell is reported to be still in the process of evaluating the viability of the $11-billion Nebras petrochemical complex in Basra. The project was designed to produce 1.8 million mt/year of various petrochemicals, using naphtha as a feedstock. Last year, Reuters reported that Saudi Basic Industries Corp (SABIC) was in talks to […]
Integrity Commission to investigate Delays in Infrastructure Projects
By John Lee. Prime Minister Haider Al-Abadi has asked Iraq’s Integrity Commission to investigate the delays and stoppages in some infrastructure projects in Basra and other southern provinces. He said some of these delays were the result of corruption, while other we because of what he described as a dereliction of duty and a failure […]
Tags: Al Basra, Commission of Integrity, Commission on Integrity, featured, Haider al Abadi, Infrastructure
IOCs discuss Basra’s Oil and Gas Megaprojects
BP, Shell, Basra Gas Company, LUKOIL, Petronas and Chevron discuss Basra’s oil and gas megaprojects The 5th annual CWC Basra Megaprojects Conference – Oil, Gas & Environment will be held from 9-10 October in Istanbul, Turkey chaired by the EU Ambassador to Baghdad, Ramon Blecau. In a show of support for the rebuilding of Iraq, […]
Cabinet to Improve Services in Basra; Approves Kirkuk Refinery License
By Editor on 30th August 2018 in Investment, Iraq Industry & Trade News, Iraq Oil & Gas News, Iraq Public Works News, Politics
The Cabinet held its weekly regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Haider Al-Abadi. At the meeting, it was decided to: direct the Ministry of Water Resources to deliver water for Basra province to a rate of 75 m3 / s and remove unauthorised structures on the rivers; direct the […]
Protesters Prevented from Storming West Qurna Oilfield
By John Lee. Security forces in Basra province have reportedly prevented demonstrators from storming the West Qurna 1 oil field on Wednesday. A military source told Anadolu Agency that demonstrators blocked all roads leading to the facility, prompting local security forces to intervene. (Source: Anadolu Agency)
Mitsubishi awarded $110m Iraq Port Contract
Japan’s Mitsubishi Corporation has been awarded a contract for port construction in the Republic of Iraq. Extended by the General Company for Ports of Iraq (GCPI), the contract covers a port rehabilitation project in the country’s southern region of Basra, and is valued at approximately 110 million US dollars. The project is being funded through […]
Tags: Al Basra, Basra News, Calik Enerji, featured, GAP, GAP Construction, General Company of Iraqi Ports, Japan, Japan International Cooperation Agency, JICA, Khor Al-Zubair, Mitsubishi, Ports, Turkey, Umm Qasr, Umm Qasr Port, WW
Kuwaiti Investor plans $58m Project in Basra
By John Lee. A Kuwaiti businessman is reportedly planning to grow 100,000 date palms and build a nature reserve complete with ostriches and deer in southern Badia, 150 km from the city of Basra. According to Reuters, Abdul-Aziz al-Babtain is investing $58 million in the project, which will see the palms grown over the next […]
Iraq Awards New Oilfield Licences: FULL LIST
By John Lee. Iraq’s Ministy of Oil has awarded all four development projects, and two of the seven exploration blocks, that it offered in its fifth auction of oil licences. Only nine of the 26 companies originally pre-qualified took part in the auction, with majors such as Lukoil (Russia), ExxonMobil (US) and Total (France) not bidding. Development […]
Tags: 5th round energy licences, Al Basra, China, Crescent Petroleum, Diyala, ExxonMobil, Fao block, featured, Geo-Jade Petroleum, Gilabat-Qumar field, Hong Kong, Huwaiza oil field, Jebel Sanam (Jabal Sanam), Khashim Ahmer-Injana, Khudher Al-Mai block, LUKoil, Maysan, Missan, Muthana, Naft Khana field, oil auction, PCLD, Petroleum Contracts and Licensing Directorate, Sindbad field, Sindebad field, Sindibad oil field, Total, United Arab Emirates (UAE), United Energy Group, Zurbatia field, Zurbatiya
Expert Blog: Seeds of Life
By Elena Kornienko. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Once upon a time, there lived a widow woman and her son, Jack, on their small farm in the country. Every day, Jack would help his mother with the chores — chopping the […]
Saudi Arabia to re-open Consulate in Basra
By John Lee. Saudi Arabia will reportedly re-open its consulate in Basra within two weeks. Al Arabiya says that the consulate closed in 1990 during the second Gulf war. (Source: Al Arabiya) (Picture: Iraqi Prime Minister Haider Al-Abadi meeting Salman bin Abdulaziz Al Saud, King of Saudi Arabia, 19th June 2017)
$6bn Iraqi Port Development available for Investment
By John Lee. Iraq’s National Investment Commission (NIC) has included the “Grand Port of Al Faw” in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February: Project cost: $6 billion Location: Basra Design capacity: Phase one 2018: […]