The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
By John Lee. As part of Iraq's government-backed gas development programme, the Ministry of Oil has reported significant progress in reducing gas flaring and increasing gas utilisation. It says the Ministry has raised associated gas capture from 53% to 70%, and dry gas production from 1,300 to 1,800 million standard cubic feet per day (mmscfd). […]
By John Lee. The Directorate General of Industrial Development, part of Iraq's Ministry of Industry and Minerals, issued 165 preliminary licences for new industrial projects across various sectors during April 2025. Director General Dr. Eng. Ali Ibrahim Janan stated that the approvals cover food, chemical, metal, construction, textile, and engineering industries. Baghdad led with 26 […]
By John Lee. The General Company for Ports of Iraq (GCPI), has announced the completion of the first section of the Development Road Project, linking the Al-Faw Grand Port to Umm Qasr. According to the Ministry's media office, the 62-km road consists of three lanes designated for heavy trucks and cargo, and is equipped with […]
By John Lee. The Iraqi Centre for Oil Services, a strategic partnership between Basra Oil Company (BOC), the Arab Well Logging and Oil Services Company (AWLCO), and Gilgamesh Oil Services, has been inaugurated by Minister of Oil, Hayan Abdul Ghani. Speaking at the event, he highlighted the centre as a milestone in Iraq's oil industry, […]
By John Lee. Iraq's Minister of Industry and Minerals, Prof. Eng. Khaled Battal Al-Najm, has launched the Green Mountain Industrial City project in Basra, marking Iraq's first industrial city of its kind. The project is a strategic partnership between the General Company for Iron and Steel and China's Tsingshan. Spanning 2,000 dunams, the city will […]
By John Lee. Iraq's Minister of Industry and Minerals, Prof. Eng. Khaled Battal Al-Najm, has launched the construction of the country's largest chemical production plant in Basra. Located at the State Company for Petrochemical Industries, the project aims to boost Iraq's production capacity and create job opportunities. The plant, developed in partnership with the private […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired a meeting of Iraq's Higher Committee for Water on Monday, announcing a comprehensive set of directives aimed at addressing climate-driven water scarcity and pollution across the country. Key outcomes include prioritising strategic land reclamation projects like Amarah Irrigation and Central Tigris, shifting to closed irrigation systems, […]
From AAA Holding Group. AAA Holding Group Completes Acquisition of 45% Stake in Phosphate Fertiliser Project in Basra We are proud to announce that AAA Holding Group has successfully completed the acquisition of an additional 45% stake in the Phosphate Fertiliser Project in Basra, following the purchase of shares from existing stakeholders. With this strategic […]
By John Lee. Iraq has signed a contract for the construction of its third offshore pipeline to enhance the stability and flexibility of crude oil exports from its southern ports. The project, which is being executed by a consortium of Italian company Micoperi and Turkish company Esta, is designed to handle 2.4 million barrels per […]
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 […]
