By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq has decided to exempt foreign companies involved in the Faw Port project from customs duties and taxes. This decision was an attempt to accelerate the completion of the stalled project, through […]
Tag Archives | Al Faw
Ribbon Cut on new Bazurgan-Halfaya-Fao Pipeline
By John Lee. The Director General of Missan Oil Company has cut the ribbon on the 272-km crude oil pipeline from Buzurgan to Halfaya and onward to the tanks reservoir at al-Fao [al-Faw]. It starts from meeting point of the two lines from Buzurgan and Halfaya. The 42-inch-diameter pipeline was built in cooperation with the […]
Tags: Al Fao, Al Faw, Basra News, Bazargan, Bazergan, Bazerkan, Bazirgan, CBC, China, HaLFAYA, Maysan, Maysan Oil Company, Missan, Missan Oil Company, PetroChina, pipelines, South Oil Company (SOC), State Company for Oil Projects (SCOP)
Oil Exports Pipeline Completed in Basra
By John Lee. Iraq’s South Oil Company has announced the completion of new pipeline network connecting its sites in North West Basra and the floating piers in the Fao [Faw] area, south of the province. Director General Dhia al-Mussawi told Aswat al-Iraq that the new pipelines will pump oil from storage in Tuba to the […]
Penspen Wins Contract for new Al Fao Power Plant
By Editor on 1st August 2012 in Construction & Engineering In Iraq, Iraq Oil & Gas News, Iraq Public Works News
By John Lee. Oil and gas engineering group Penspen has signed an agreement with Siemens to provide engineering and procurement services for a new simple cycle power plant in Southern Iraq. Siemens has agreed a base scope with the State Company for Oil Projects (SCOP) to work on the engineering and supply of the power […]
Basra Forms Group to Invest in Faw Port
Basra Provincial Council announced on Tuesday the formation of a group that includes 100 local businesses to invest in Faw Port “to preserve the sovereignty of Iraq”. Council member Walid Qitan said: “The efforts of businessmen in the province resulted in the cooperation of major public companies to invest in Faw Port in order to […]
Kuwait to Offer Guarantees on Port Project?
By Editor on 30th May 2011 in Construction & Engineering In Iraq, Iraq Oil & Gas News, Iraq Transportation News
Teh Arab Times reports that Kuwait is ready to sign an agreement with Iraq to guarantee that the Mubarak Al-Kabeer port project will not hinder the construction of Iraq’s Grand Faw port. According to the Director of Information at the Iraqi Ministry of Foreign Affairs, Aous Al-Tamimi, the Iraqi Minister of State for Foreign Affairs […]
New Kuwaiti Port Could Scupper Iraq’s Grand Faw
By Editor on 18th May 2011 in Iraq Industry & Trade News, Iraq Oil & Gas News, Iraq Transportation News
A few dozen Iraqis protested on Wednesday against Kuwaiti plans for a new port near Umm Qasr, Iraq’s only deep-water port. AKnews reports that public committees from Basra organized the protests to show public opposition against the Kuwaiti Mubarak port across the border. “Everyone knows that Kuwait does not need this port since it has […]
New Al-Faw Port to Cut Shipping Costs to Europe
According to a report from Iraq’s National Media Centre, the new port at Faw [Fao], when completed, will reduce transport costs between Europe and Asia. Salah al-Khadir said the project will shorten the distance between Iraq and the other countries of the world, and especially the vessels coming from Asia to Eastern Europe, indicating that […]
Kidnap in Iraq
Four people, including three children, were kidnapped by criminals then freed by the authorities in Iraq last week. In recent months consular warnings have continued to remind foreign nationals of the risk of abduction still present in the country. With a rise in foreigners travelling to the country it may only be a matter of […]
Tags: Abduction, AKE, Al Faw, Army, Baghdad, Basrah, Children, energy, foreigners, Insurance, K&R, Karradah, Kidnap, Mitigation, Mosul, Police, Ransom, Risk, Security, US
Italians Win Giant Ports Contract
A group of Italian firms will provide advisory services to the project of the al-Faw Big Port [Grand Faw] in Basra province, southern Iraq, according to a contract with the Iraqi Transportation Ministry. The ministry reported the event in a statement on Sunday as received by Aswat al-Iraq news agency, explaining that the project will […]
Iraq Ministry of Transportation Lays the Foundation of Al Fao Great Port
The construction cost of this port is of 4.3 million euros and the first stage thereof will be implemented by an Italian company. The first stage is expected to end in 3 years maximum and the development thereof is expected to last till 2028.