The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
The European Union allocates EUR 1.1 million to address urgent water crisis in Basra, Iraq In response to the escalating water crisis in Basra, southern Iraq, the European Union is allocating EUR 1.1 million in humanitarian funding. The emergency support will address urgent water, sanitation, and hygiene (WASH) needs over the next six months, targeting […]
By John Lee. Iraq's Minister of Industry and Minerals, Khaled Battal Al-Najm, chaired a meeting at the Ministry's headquarters to explore a potential partnership agreement with Saudi company Ajyal for the establishment of a petrochemical complex in Basra. The proposed complex would be built on the site of the State Company for Petrochemical Industries in […]
By John Lee. The Ministry of Agriculture has announced the successful cultivation of mangrove trees along the Shatt al-Arab coastline in the Ras al-Bisha area of Basra province. The initiative, led by the Basra Directorate of Agriculture, was fully supported by the Ministry, which facilitated all necessary requirements for its implementation. Dr. Lubna Ali, Head […]
By John Lee. The Ministry of Oil has inaugurated the Central Gas Processing Facility at the Al-Faihaa [Fayhaa, Block 9] oil field in Basra, with a capacity of 130 million standard cubic feet per day (MMSCFD). The launch was conducted via video link by Prime Minister Mohammed Shia Al-Sudani, in the presence of Deputy Prime […]
By John Lee. The Iraqi Prime Minister has laid the foundation stone for the Shams Al-Basra solar power station, a landmark renewable energy project in Basra with a total generation capacity of 1,000 megawatts. Speaking at the inauguration, Mohammed Shia Al-Sudani highlighted the strategic importance of the project in supporting Iraq's power generation capacity and […]
By John Lee. The Prime Minister's Office has laid the foundation stone for Iraq's largest seawater desalination project, located near the Grand Faw Port in Basra, with a total capacity of 1 million cubic metres per day. Speaking at the launch, Prime Minister Mohammed Shia Al-Sudani described the project as a long-term and fundamental solution […]
By John Lee. The Ministry of Oil has laid the foundation stone for the new Al-Ibdaa "Creativity School" in the Al-Burjesia area of Basra province. The initiative is part of the Ministry's social benefits programme aimed at supporting the education sector, in cooperation with Eni and the Zubair oil field. Minister of Oil Hayan Abdul […]
By John Lee. The Central Bank of Iraq (CBI) has re-issued General Tender No. (2025/1) for the second time, inviting bids for the supply, installation, and operation of 68 currency counting and sorting machines for its branches in Basra (35 machines) and Mosul (33 machines). The tender covers both Iraqi and foreign currencies (USD and […]
By John Lee. US-based KBR has been awarded a front-end engineering design (FEED) contract by KAR Electrical Power Production Trading FZE (KEPPT) for the development of a major fertilizer facility in Basra, Iraq. The project includes a 2,300 metric tonnes per day (MTPD) ammonia production unit and a 3,850 MTPD urea production unit. The FEED will […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani received Richard Howe, Executive Vice President of Shell, on Thursday to discuss expanding cooperation in Iraq's energy sector and exploring further investment opportunities. The meeting addressed the execution of major energy projects under existing contracts with international companies, particularly in natural gas investment aimed at achieving self-sufficiency. […]
By John Lee. The Iraqi government has approved a proposal from the Basra Governorate to include four new water desalination projects in its development plans. The approved plants are: Shatt Al-Arab Desalination Plant, with a capacity of 5,000 m³/hour; Al-Faw and Al-Seeba Desalination Plant, with a capacity of 3,000 m³/hour; Abu Floos Desalination Plant, with […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani inaugurated the new 'Construction Basket' initiative on Wednesday, an innovative programme designed to provide citizens with access to building materials at competitive prices and on convenient instalment terms. The centre, located at the newly-opened Cooperation Center for Construction, is a joint venture between the Ministry of […]
