The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
By John Lee. Agreements have been reached on a contract for the West Qurna 2 oil field, with a signing expected before the end of 2026. Discussions are also continuing on a development contract for the Nasiriyah oil field and four exploration blocks. According to the Ministry of Oil, Minister Basim Muhammad Khudhair al-Abadi met […]
By John Lee. A second meeting of the Iraqi-Jordanian-Egyptian trilateral coordination committee has discussed strategic oil, energy, and petrochemical projects, including the Basra-Haditha pipeline. The session was held via videoconference and chaired by Ali Ward Hammoud, Director General of the State Company for Oil Projects (SCOP), who leads the Iraqi working group for the Tripartite […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG Deputy Minister Calls Iraq's Development Road Project Unfair KRG Deputy Minister Agrin Abdullah says Iraq's Development Road bypasses Kurdish areas, urging a railway via Kirkuk and Erbil before construction advances. Click here to […]
By John Lee. An investment licence has been granted for the Mawten Basra Residential City project, at a total investment cost of over 1.4 trillion Iraqi dinars ($930m). The project will be developed by Al-Mawj Company for Investment and Real Estate Development across five consecutive phases. According to the National Investment Commission (NIC), the project […]
By Gökçe Nur Ataman, for The National Interest. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Courts US Oil Giants to Secure New Export Routes Chevron and ConocoPhillips are pursuing different paths into Iraq's oil sector, but the $60 billion in announced deals […]
By Simon Watkins, for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Chevron Moves to Take Over Russia's Most Prized Iraqi Oil Field Back in February, U.S. oil and gas giant Chevron signed four preliminary agreements with Iraq's Oil Ministry, which underscored that […]
By John Lee. Combined-cycle units with a capacity of 125MW each are under construction at the South Baghdad Gas Power Station and the Khor al-Zubair power station, with both units planned to enter service before next summer. According to Iraq's Ministry of Electricity, a meeting was held on Sunday between Mohammed Naama al-Tufeili, Undersecretary for […]
By John Lee. ExxonMobil and Basra Oil Company (BOC) have signed a memorandum of understanding (MoU) covering Phase 2 of a seawater injection project for southern Iraqi oil fields. The agreement was signed on Wednesday under the auspices of Minister of Oil Basim Muhammad Khudhair al-Abadi. The project will use seawater to support reservoir pressure […]
By Noam Raydan, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Energy Challenges Amid the Hormuz Crisis The recent rebound in crude exports is welcome but only partial, and officials have yet to find answers […]
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 […]
