The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
By John Lee. The Iraqi Drilling Company (IDC), in collaboration with Schlumberger (SLB), has completed the drilling of well ZB 606 at a depth of 3,463 meters in the Zubair oil field in Basra. This marks the 36th well drilled under a contract with Italy's ENI to drill 37 wells. The well was drilled using […]
By John Lee. Iraq's Minister of Industry, Khaled Battal Al-Najm, discussed the contract procedures with China's Tsingshan Holding Group for the development of a specialized industrial city focused on iron and steel production in Basra. The meeting, held on Monday with ministry officials and the Chinese delegation, reviewed the steps and details involved in finalising […]
By John Lee. The Iraqi government has approved an additional 60-day period to submit letters of guarantee to companies contracted to manage and operate the new hospitals: Nasiriyah Teaching Hospital (492 beds); Imam Al-Mujtaba Hospital in Karbala; and Al-Sayyab Hospital in Basra. This extension is an exception to the Government Contracts Implementation Instructions No. 2 […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has inaugurated a joint management program for modern hospitals at Najaf Ashraf Educational Hospital. This initiative, in collaboration with Italy's Gruppo Ospedaliero San Donato (San Donato Hospital Group), aims to reduce the need for Iraqis to seek medical treatment abroad and save substantial costs. The program will […]
By John Lee. Iraq's Deputy Prime Minister for Energy and Minister of Oil, Mr. Hayan Abdul Ghani, has opened a new road in the Abu Sakhir area and a high school in the Al-Zubair district of Basra Province. The inauguration ceremony took place on Thursday and was attended by the Deputy Minister for Extraction Affairs, […]
By John Lee. Scottish consulting and engineering company Wood, together with joint venture partner Al Majal, an Iraqi oil and gas services company, is developing a new state of the art vocational training centre in Basra. According to a press release from Wookd, the Basra Technical Training Centre will advance training and development opportunities for […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani has inaugurated the new Isomerization Unit at Basra Refinery. The unit has a capacity of 11,000 barrels per day (bpd) to produce premium gasoline. The project will increase the production of premium gasoline by 1,300 cubic meters per day (1.3 million liters per day), reducing imports by […]
From Action Contre la Faim (ACF). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Farmers in southern Iraq hit by water crisis Situated at the crossroads of Iran, Kuwait and Saudi Arabia, Basra is surrounded by salt-stained desert plains and the flares of oil […]
By John Lee. Iraq's Ministry of Oil has signed a Heads of Agreement (HoA) with the Chinese company Geo-Jade and the Iraqi company Crescent Basra (Hilal al-Basra) to invest in the integrated development project at the Tuba field, in the Zubair district of Basra. According to a statement from the Ministry, the project would have […]
By John Lee. The Ministry's Deputy Minister for Gas Affairs has inspected the gas project in Block 9 (Al-Fayhaa, Faihaa) in Basra province. Mr. Ezzat Saber said he hoped to utilize 130 million cubic feet per day of gas from the field by year-end, along with equipping power stations to process 100 million cubic feet […]
From Tasnim, under a Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran and Iraq will launch the first maritime passenger transport line within the next two months, an official at Iran's Ports and Maritime Organization (PMO) said. The chief executive […]
By John Lee. Iraq's Ministry of Electricity and the French company TotalEnergies have signed two contracts to produce 1,000 megawatts of solar power. The development will be built in four, 250-MW phases at the Ratawi [Artawi] field in Basra. According to state-run Iraqi News Agency (INA), it will be completed within two years. (Sources: INA; […]
