The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
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 […]
By John Lee. The Prime Minister of Iraq, Muhammad Shia Al-Sudani, inaugurated the Al-Sayyab Teaching Hospital in Basra on Sunday. The hospital has a capacity of 492 beds and includes general medical specialties as well as specialized centers for kidney diseases and tumor treatment. During the opening, the Prime Minister emphasized that completing hospitals is […]
By John Lee. Iraq's Prime Minister has said Iraq will plant five million trees in an attempt to combat climate change and limit the damage caused by dust storms. Addressing a climate conference in Basra, Mohammed Shia Al-Sudani added that the plan woule be accompanied by the launch of a "national guide for urban afforestation" […]
By John Lee. The Minister of Industry and Minerals, Prof. Dr. Eng. Khaled Battal Al-Najm, met with a delegation from the Sultanate of Oman to discuss opportunities for cooperation in the fields of phosphate and fertilizer industries. Iraq has a large stockpile of phosphates and is ready to partner with Oman to build a new […]
Multi-stakeholder meeting focuses on the extension of social security to Iraq's farm workers Farm owners, representatives of the farmers' association union, government officials, local Civil Society Organizations, academics and others joined a debate on the extension of social security in Iraq's agricultural sector, organised by the ILO with the support of the European Union. With […]
