The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
WFP and Iraq develop a mangrove nursery in Basra to foster sustainable development and combat the climate crisis The United Nations World Food Programme (WFP), in partnership with the local government of Basra, Iraq's Ministry of Environment, and the University of Basra's Marine Science Centre started a mangrove nursery in the tidal flats region with […]
By John Lee. Tamayouz Excellence Awards has invited architects and designers to submit their ideas to transform the underused Dakeer Island in Basra into a vibrant recreational urban destination for locals and visitors. As of now, Dakeer Island is packed with illegal settlements, wholesale and storage warehouses, and waste dumping areas. The shipyard business no […]
By John Lee. Pakistan's Lucky Cement Limited has announced a major expansion of its plant in Samawah, Iraq. In a statement to the Pakistan Stock Market today (Thursday), the company said it will add a new clinker production line with a capacity of 1.82 million tons per annum (MTPA). The Najmat-Al-Samawah (NAS) facility is a […]
By John Lee. The heads of Iran and Iraq railways have signed a Memorandum of Understanding (MoU) for the implementation of the Shalamcheh-Basra Railway. The agreement was signed at the Iranian consulate in Basra, marking a significant step towards the development of this crucial infrastructure project. Miad Salehi, the head of Islamic Republic of Iran […]
By Robert Tollast and Sinan Mahmoud for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Basra's water supply hangs in balance as critical project delayed Iraqi cities need large-scale desalination plants to alleviate water woes, but projects have been slow to […]
By John Lee. The Ministry of Oil has opened the largest and most advanced oil training center in Basra, in collaboration with the Japanese company JGC. Hamed Younis, the Deputy Minister of Oil for Refining Affairs, emphasized the ministry's strong focus on training, qualifying, and developing the skills of workers in the oil sector. He […]
By John Lee. Pakistan's Attock Cement Pakistan Limited has given notice of an Extraordinary General Meeting (EGM) to be held on 25th May to approve the sale of its cement grinding facility in Iraq. According to a stock excchange filing, Attock proposes to sell its 60-percent share (18 million shares) in Saqr Al-Keetan for Cement […]
By John Lee. Pakistan's Attock Cement Pakistan Limited will reportedly sell its investment in its cement grinding facility in Iraq. Pro Pakistan reports that its 60-percent share in Saqr Al-Keetan for Cement Production Company Limited (SAKCPCL), located at Khor Al-Zubair, Basra, will be sold for a US$23.4 million, to be paid in three tranches. The […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed drilling the directional oil well Zubair/566 at a depth of 2471 meters, as part of the contract with the Italian company ENI to drill 37 oil wells in the Zubair oil field in Basra. This project is being carried out in cooperation with the […]
Iraqi Transport Minister Razzaq Muhibis Al-Saadawi said his country is seriously determined to complete the construction operation of the Shalamcheh-Basra Railway, which had been stalled for years.# Speaking in his meeting with Iranian Minister of Roads and Urban Development Mehrdad Bazrpash in Tehran on Thursday, Al-Saadawi stated that the Iraqi government tries to consider the […]
The Iranian Minister of Economic Affairs and Finance said three joint industrial towns between Iran and Iraq will be launched in the border areas in the Iraqi provinces of Maysan (Missan), Basra and Wasit. Seyed Ehsan Khandouzi (pictured) made the remarks on the sidelines of the unveiling ceremony of "Factoring System of Private Contracts", held […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, has announced several investment opportunities in the oil refining sector: Maysan Refinery [Missan Refinery], with capacity of 150,000 barrels per day (bpd); Qayyarah Refinery in Nineveh governorate, with a capacity of 70,000 bpd; A black oil hydrogenation project in Basra Governorate, with a capacity of 30,000 […]
