The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
By John Lee. Iraq's Minister of Industry and Minerals, Khaled Battal Al-Najm, chaired a meeting with the General Company for Southern Fertilisers in Basra to review current partnership contracts and assess factory operations. The discussions focused on ensuring the continuous production of fertilisers to support the agricultural sector and enhance food security. The meeting covered […]
By John Lee. Iraq's Minister of Industry and Minerals, Khaled Battal Al-Najm, has laid the foundation stone for a sponge iron plant in Basra. The plant, belonging to the General Company for Iron and Steel, will have a production capacity of one million tonnes per year. The project aims to ensure a steady supply of […]
By John Lee. Iraq's Oil Pipelines Company has held discussions with the General Company for Iraqi Ports to enhance cooperation in developing the Ministry of Oil's berths. The meeting in Basra was led by Ali Abdul Karim Al-Moussawi, Director General of the Pipeline Company, and Dr. Farhan Al-Fartousi, Director General of the Ports Authority. The […]
By John Lee. Iraq's Ministry of Oil is progressing with the implementation of a dry gas pipeline to support power generation, following directives from Deputy Prime Minister for Energy and Oil Minister Hayan Abdul Ghani. Dr. Ezzat Saber Ismail, Deputy Minister for Gas Affairs, along with Ali Ward Hammoud, Director General of the State Company […]
By John Lee. The National Investment Commission (NIC) held an extensive meeting with KBR on March 4, 2025, to explore the development of Iraq's first blue ammonia plant in Basra. According to the UK's Royal Society, 'blue ammonia' is ammonia produced using 'blue hydrogen', i.e. hydrogen produced by steam methane reforming (SMR) where the carbon […]
By John Lee. The Ministry of Health has announced details of the 100-bed hospital series under the Iraq-China agreement, specifying the provinces and expected completion timeline. Ministry spokesperson Seif Al-Badr confirmed that contracts with reputable global companies are ongoing, with daily oversight from Health Minister Dr. Saleh Mahdi Al-Hasnawi. The hospitals will be constructed in: […]
By John Lee. Iraq's National Investment Commission (NIC) has granted its first solar power investment license for a 1,000 MW project to France's TotalEnergies, marking what it described as a major step in the country's transition to renewable energy. NIC Chairman Dr Haider Mohammed Makiyya [Makia] confirmed that construction work has begun at the Ratawi […]
By John Lee. The Iraqi Council of Ministers has authorized the Ministry of Oil / Basra Oil Company (BOC) to sign a non-binding Memorandum of Understanding (MoU) with Aurasyia Scope Group Oil & Gas UK LTD for a tank farm and industrial island project. The project is considered strategically important for Iraq's oil industry, aiming […]
By John Lee. The Iraqi Council of Ministers has approved an increase in the consultancy contract amount for the Basra Refinery Development / Fluid Catalytic Cracking (FCC) Project with Japan's UNICO and France's Technip. The decision also includes an extension of the contract duration, granted as an exception to Government Contracting Instructions No. (2) of […]
By John Lee. Iraq's Prime Minister Mohammed Shia Al-Sudani launched the execution phase of multiple school construction projects in five provinces via video conference on Sunday, as part of Phase One of the Eduba Project, implemented through the private sector under the Iraq Development Fund. The first phase includes school construction in: Sabaa Qusour, Baghdad […]
By John Lee. The Central Bank of Iraq (CBI) has announced General Tender No. (1/2025) for the supply, installation, and operation of 65 currency counting and sorting machines for its branches in Basra (35 units) and Mosul (30 units). The contract, with an estimated value of IQD 1.134 billion (approx. $865,000), will be financed from […]
By John Lee. Hilal Al-Iraq Al-Muntazar General Contracting Limited Liability Company has won an Engineering Design and Construction contract with the United Nations Assistance Mission for Iraq (UNAMI) for "paving access roads in Basra." Contract value is stated as $551,475. See our Comprehensive Guide to Construction Equipment in Iraq here. (Source: UNGM)
