By John Lee. Iraq's Council of Ministers has approved a contract with Japan's JGC Corporation to build a 55,000-bpd refinery in Basra province. According to a statement from the Ministry of Oil, the new plant will create 7,000 jobs, in addition to 70,000 during the construction phase. The General Manager of the South Refineries Company […]
Tag Archives | Basra News
The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
Tags: Basra News, featured, Japan, Japan International Cooperation Agency, JGC Corporation, JICA, mn, Refineries
Construction of Major Iran-Iraq Railway "Will Begin Soon"
A senior Iraqi official said the construction work for establishing a major railway project connecting the Arab country to neighboring Iran will get underway not in the too distant future. "The railway between Iran and Iraq through the Shalamcheh link will get going soon," said Qasim al-Araji, a national security adviser to the Iraqi government, […]
Plan to Build Rail Link between Basra and Iran
By John Lee. Iraqi Prime Minister Mustafa al-Kadhimi met Iran's Supreme Leader Ayatollah Ali Khamenei on his first foreign trip since taking office. Following the meeting they announced that they have agreed to "revitalise current agreements between our two countries, including the agreement to establish a rail link between Iran and the Iraqi city of […]
Cabinet Expedites Strategic Projects in Basra
By Editor on 16th July 2020 in Construction & Engineering In Iraq, Investment, Iraq Public Works News, Politics
The Iraqi Cabinet held its weekly meeting in the city of Basra on Wednesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister said that the Cabinet meeting in Basra is the first of a series of such meetings that will take place in other Iraqi cities […]
Tags: Al-Bida Water Project, Al-Sayyab Residential city, Al-Zubair Sewage Project, Basra News, Basra Water Supply Improvement Project (BWSIP), featured, Great Basra Water Project, mn, Mustafa al-Kadhimi, sewerage
Cement Plant Starts Commercial Ops
By John Lee. The Iraqi Government has announced that commercial operations have begun at the "Al-Kaytan Falcon Cement Plant" in Basra. According to a government tweet, the project cost $43.7 million to build, has a production capacity of a million tonnes annually, and created more than 250 new jobs. Falcon is a cement brand owned […]
Tags: Attock Cement Pakistan Limited (ACPL), Basra News, cement, Falcon, featured, mn, pakistan, Pharaon Group
New Hospital Opened in Basra
By John Lee. Dar Al-Shifa Hospital has been opened in Al-Zubair district in Basra Province. The hospital, a private-sector investment project which created 100 new jobs and cost $24 million, has a capacity of 60 beds, five operating theatres, an ophthalmology centre, a dental clinic, a maternity ward, an emergency department, laboratories and a pharmacy. […]
Basra: Iraq's Richest City with Little Water to Drink
By Azhar Al-Ruabie for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Basra, the richest city in Iraq with little water to drink Iraq's third-largest city, Basra, was once called "Venice of the East" due to the numerous water canals and bridges meandering […]
Perceptions of Police, Security and Governance in Iraq
Perceptions of Police, Security and Governance in Iraq: IOM Study The International Organization for Migration (IOM) and Yale Law School's Center for Global Legal Challenges (GLC) are releasing a new report that evaluates community perceptions of police and security in three communities across Iraq. This new study - Perceptions of Police, Security and Governance in […]
Tags: Al-Baradiya, Anbar, Baradiya, Basra News, featured, Hamdaniya, International Organization for Migration (IOM), Iraqi Police, Jubeil, mn, Ninewa, Police, policing, United Nations (UN), Yale Law School
Local Businesses get Boost from Iraq Lockdown
By John Lee. Iraq's national lockdown in response to the coronavirus (COVID-19) pandemic has reportedly given a boost to local businesses. According to a report from AFP, local businesses no longer have to compete with imports from countries such as Turkey, Iran, China, Saudi Arabia, Jordan and Kuwait. It quotes the owner of an ice-cream […]
Tags: Basra News, China, coronavirus, covid19, featured, Imports, Iran, Jordan, Kuwait, lockdown, mn, Saudi Arabia, Turkey
Foreign Staff Evacuated from Basra Gas Company
By John Lee. Shell has reportedly evacuated its foreign staff who had been working at the Basra Gas Company (BGC). BGC executives told Reuters that around 60 staff were flown out on Wednesday after workers who had been laid off staged a protest. Shell has a 44-percent stake in the $17-billion, 25-year BGC project, with […]
Rocket Attack Targets Halliburton in Basra
By John Lee. At least three rockets are reported to have hit near Halliburton's site in the Burjesia area of Basra early on Monday morning. It is understood that the incident caused no casualties or damage. It is the first attack to target US energy interests in Iraq in recent months. (Sources: S&P Global Platts, […]
Umm Qsar Power Plant begins Operation
Prime Power Middle East (PPME), a wholly owned subsidiary of Prime Metro Power Holdings Corporation, has commenced operation of its power plant in Umm Qasr, Basra. The power plant started its commercial operation last Sunday, 09 February 2020, and is designed to deliver base load of 24/7 power to the Umm Qasr Ports Authority Zone. […]