The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
By John Lee. Prime Minister Ali al-Zaidi has met the chief executives of TotalEnergies and ConocoPhillips to discuss oil and associated gas investment at the Nahr Bin Umar oil field in Basra province. The meetings, held on Sunday, included TotalEnergies CEO Patrick Pouyanné and ConocoPhillips CEO Andy O'Brien, along with their respective delegations. Discussions covered […]
By John Lee. Iraq's national maritime carrier, Iraqi Line, is to resume commercial shipping operations in the Gulf after a halt of more than 50 years. The first sailing is scheduled to depart from Jebel Ali port in the United Arab Emirates, bound for Umm Qasr port, on 15th October. According to Iraq's Ministry of […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Iraq Caught in Middle as Trump Pursues 'Air Blockade' of Iran New US sanctions targeting more than two dozen Iranian airlines took effect on 23rd September, threatening any entity serving the […]
By John Lee. UK-based law firm Hagens Berman EMEA says it has sent a letter before action to BP, giving notice of intended legal proceedings over alleged gas flaring pollution at the Rumaila oil field near Basra, which the firm links to elevated rates of cancer and respiratory illness in surrounding communities. The letter, sent […]
By John Lee. Plans are under discussion for an Indian investment in a pipe manufacturing complex in Basra, producing oil, gas, and water pipelines for infrastructure projects and the domestic market. The National Investment Commission (NIC) met with a delegation from Indian company Man Industries this week to explore the proposal. Adel Dakhil Muhammad al-Yasiri, […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Controls its Northern Exports, but Ankara Sets the Timetable While Baghdad appears to have won the fight over who controls crude oil pumped in Iraqi Kurdistan, it has not won control over […]
By John Lee. Sinopec (China Petroleum & Chemical Corporation) has awarded a Marine Warranty Survey (MWS) contract to New Wave Offshore Energy in support of the Associated Gas Upstream Project (AGUP) Phase 2 in southern Iraq, part of the Gas Growth Integrated Project (GGIP) operated by TotalEnergies alongside its partners Basra Oil Company (BOC) and […]
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. Oil Squeeze Pushes Iraq Towards Toughest Budget in Decades Iraq faces its toughest budget challenge in more than two decades as a sharp fall in oil […]
By John Lee. Plans to develop associated gas investment at the Nahr Bin Umar oil field in Basra province were reviewed at a meeting chaired by Dr. Izzat Sabir Ismail, Deputy Minister of Oil for Gas Affairs. According to the Ministry of Oil, the meeting was attended by representatives of South Gas Company, the Planning […]
By John Lee. Ramsis Engineering has opened a branch office in Basra, expanding its presence in Iraq's industrial and energy sectors. The Bahrain-based engineering firm said the new office will support clients and partners across manufacturing, maintenance, and specialised services. (Source: Ramsis Engineering)
By Yesar Al-Maleki, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Can Oil Deals Reset US-Iraqi Relations? As Iraq and the United States enter a new phase in their relationship, oil is assuming a more central role. During Prime […]
By John Lee. Talks on cooperation in Iraq's transport sector have taken place between Transport Minister Wahab Salman Mohammed and a delegation from the Iraq Britain Business Council (IBBC), led by its president Baroness Emma Nicholson. The meeting, held on Sunday, covered outcomes from the delegation's visit the previous week to the General Company for […]
