The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
By John Lee. A lime production plant operated by the General Company for Iron and Steel in Basra has resumed operations following the completion of rehabilitation works, with an initial daily capacity of 200 tonnes. According to the Ministry of Industry and Minerals, the plant produces quicklime (calcium oxide, CaO) to specifications the company says […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A New Initiative to Expand Iraqi Crude Oil Exports Calls to expand Iraq's oil exports have intensified lately. All such calls focus on a westward direction, suggest unilateral routes, and are governed […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Why Turkiye let the Kirkuk-Ceyhan Pipeline Deal Expire When the decades-old legal framework governing the Kirkuk-Ceyhan oil pipeline expired on July 27, Turkiye allowed it to lapse without immediately replacing it. The step […]
By Mohammed Al-Zubaidi, for Middle East Online. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Internet from the Sky: What Does Starlink Mean for Iraq? When someone connects to the internet in Baghdad, Basra or Erbil, it is natural to imagine that the […]
By Cathrin Schaer and Ismael Adnan, for Deutsche Welle (DW). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Due to the Iran War, Iraq is Running out of Money Because of the blockage of the Strait of Hormuz, Iraq cannot export enough oil […]
By John Lee. The Egyptian Maintenance Company (EMC), commercially known as 'San Masr' or 'San Misr', has won an international tender issued by Eni for the supply of electrical equipment at the Zubair oil field in Basra province. The total contract value is $18.6 million over three years. The contract covers the supply of a […]
By John Lee. Electronic applications for loans from the Iraqi Housing Fund are to open on 23 August for a four-day period, with each day allocated to a different group of governorates. Applications open at 10am on the day assigned to each governorate. According to the Ministry of Construction, Housing and Public Municipalities, the schedule […]
By John Lee. Iraqi Airways is to resume its Basra-Delhi service from 18th August, with one weekly flight operating each Tuesday. The route was suspended in early March due to regional conditions. The airline cited improved conditions and increased travel demand between Iraq and India as the reasons for reactivating the service. A direct weekly […]
By John Lee. Iraq's Ministry of Oil is reportedly planning a new pipeline system to transport and export crude oil via two northern routes: Basra-Haditha-Fishkhabur and Haditha-Baniyas. According to the state-run Iraqi News Agency (INA), the project is intended to diversify export routes and reduce dependence on the main southern export terminal. A meeting to […]
By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq to Start Work on First Rail Link to Iran Iraq is preparing to start work on its first direct railway link with Iran after completing […]
By John Lee. The Baghdad-Basra passenger train service is to resume on Friday, 7 August, following a temporary suspension during the Arbaeen pilgrimage period and subsequent maintenance work. According to the Ministry of Transport, General Company for Iraqi Railways said the service was halted in the days following the Arbaeen commemoration to carry out maintenance […]
By John Lee. The Iraqi Minister of Oil has been authorised to sign a memoranda of understanding (MoU) with a consortium comprising US-based companies ConocoPhillips, TI Capital and Novaterra Energy. Cabinet approved the agreement, which involves assessing the exploration and development potential at the Akkas gas field (pictured) in western Iraq, and surrounding areas. Earlier […]
