The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
By John Lee. UK-based law firm Hagens Berman EMEA says it has sent a letter before action to BP, giving notice of intended legal proceedings over alleged gas flaring pollution at the Rumaila oil field near Basra, which the firm links to elevated rates of cancer and respiratory illness in surrounding communities. The letter, sent […]
By John Lee. Plans are under discussion for an Indian investment in a pipe manufacturing complex in Basra, producing oil, gas, and water pipelines for infrastructure projects and the domestic market. The National Investment Commission (NIC) met with a delegation from Indian company Man Industries this week to explore the proposal. Adel Dakhil Muhammad al-Yasiri, […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Controls its Northern Exports, but Ankara Sets the Timetable While Baghdad appears to have won the fight over who controls crude oil pumped in Iraqi Kurdistan, it has not won control over […]
By John Lee. Sinopec (China Petroleum & Chemical Corporation) has awarded a Marine Warranty Survey (MWS) contract to New Wave Offshore Energy in support of the Associated Gas Upstream Project (AGUP) Phase 2 in southern Iraq, part of the Gas Growth Integrated Project (GGIP) operated by TotalEnergies alongside its partners Basra Oil Company (BOC) and […]
By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Oil Squeeze Pushes Iraq Towards Toughest Budget in Decades Iraq faces its toughest budget challenge in more than two decades as a sharp fall in oil […]
By John Lee. Plans to develop associated gas investment at the Nahr Bin Umar oil field in Basra province were reviewed at a meeting chaired by Dr. Izzat Sabir Ismail, Deputy Minister of Oil for Gas Affairs. According to the Ministry of Oil, the meeting was attended by representatives of South Gas Company, the Planning […]
By John Lee. Ramsis Engineering has opened a branch office in Basra, expanding its presence in Iraq's industrial and energy sectors. The Bahrain-based engineering firm said the new office will support clients and partners across manufacturing, maintenance, and specialised services. (Source: Ramsis Engineering)
By Yesar Al-Maleki, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Can Oil Deals Reset US-Iraqi Relations? As Iraq and the United States enter a new phase in their relationship, oil is assuming a more central role. During Prime […]
By John Lee. Talks on cooperation in Iraq's transport sector have taken place between Transport Minister Wahab Salman Mohammed and a delegation from the Iraq Britain Business Council (IBBC), led by its president Baroness Emma Nicholson. The meeting, held on Sunday, covered outcomes from the delegation's visit the previous week to the General Company for […]
From the Iraq Britain Business Council (IBBC). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. IBBC visit Basrah with focus on Maritime, Chambers and member engagement. The IBBC Iraq team of Colin Findlay, Ali Mazhkour, Dr Ali Jawad visited Basra to convene IBBCs Maritime […]
By John Lee. A technical advisory agreement has been signed between Iraq's Ministry of Oil and Chevron to support Basra Oil Company (BOC) during negotiations related to the development of the West Qurna 2 oil field. The agreement was signed on Sunday under the auspices of Oil Minister Basim Muhammad Khudhair al-Abadi. The signing was […]
By Simon Watkins, for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Why The U.S. Is Racing To Lock Down Iraq's Most Explosive Geopolitical Gas Prize Sharing its eastern border with Iran, its northern border with Turkey, its western border with Syria and […]
