The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
By John Lee. Standard Chartered bank is reportedly reviving stalled plans to open a new branch for corporate customers in Basra in the first half of 2020. This would be the UK-based bank's third branch in Iraq. Its Iraq CEO Mohammed Jawad Al-Delaimy told Bloomberg: “Security in Iraq has improved dramatically ... We have witnessed […]
UK International Trade Secretary Dr Liam Fox MP has visited Baghdad for a three-day visit (Sunday, 14 April to Tuesday, 16 April 2019) where he met with the Iraqi Prime Minister and announced that UK Export Finance (UKEF) will make an additional £1 billion of support available for British firms operating in Iraq, providing jobs […]
Iraq announced on Thursday the completion of the “technical preparations” to extend a pipeline to export one million barrels of oil per day through Jordan, Petra has reported. “The export capacity of the Basra-Aqaba pipeline, which runs through Jordan, is expected to reach one million barrels per day (bpd),” Iraqi oil minister, Thamir Al-Ghadhban, said […]
By John Lee. A Chinese company has reportedly won a contract to build a natural gas liquids (NGL) plant in Basra. According to Xinhua, China's Petroleum Engineering and Construction Corporation (CPECC) signed the contract on Wednesday with Iraq's Basra Gas Company (BGC). As a result of the new plant, BGC will increase its gas production […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. As the United States enacts sanctions on Iran, Iran is increasing its influence in Iraq with plans for a railway that could work around US restrictions. The state-owned Islamic Republic of Iran […]
By Glada Lahn and Nouar Shamout, for Chatham House. Violent protests erupted in Basra this summer in response to the deterioration of public services. At the centre of the unrest is a water supply crisis which Iraq can only solve with regional and international cooperation. In August, frustrations over crippled public services, drought and unemployment […]
By Ahmed Twaij, for Foreign Policy. Recent violent protests in the southern Iraqi city of Basra have brought to light years of suffering by Iraqis in what is known as the economic capital of Iraq due to its vast oil reserves and deep-sea port access connecting the country to the international market. Basra, a predominantly […]
By Hamdi Malik for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. As protests continue, residents of Iraq's Basra call for autonomy Anger is escalating in Basra over the new government's stance toward this strategic city and the demands of its people. The […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Doctors in the southern Iraqi city of Basra are worried that diseases like cholera and diarrhoea might spread through the city's unuseable water supply. Basra's canals are blocked by piles of rubbish and […]
By Hamdi Malik for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The oil-rich port city of Basra is feeling the heat of the intensifying conflict between the United States and Iran. Pro-Iranian armed groups that threaten the United States from time […]
Due to concerns about the security of U.S. government personnel, on September 28, 2018, the Department of State ordered the departure of U.S. government personnel from the U.S. Consulate General in Basrah. In a statement, the State Department said: "Secretary of State Michael R. Pompeo [pictured] has made the determination to place Consulate Basrah on […]
By John Lee. The Iraqi Ministry of Transport has that the ferry between Al-Ashar Quay on the banks of the Shatt al-Arab in Basra and the Iranian port of Khorramshahr has resumed after a three-year suspension. Forty-six passengers travelled on the first service on Saturday. The Director of the General Company for Maritime Transport, Abdul […]
