The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Different groups are using stun grenades to frighten locals in Basra. Sometimes for religious reasons, other times because of political or criminal grudges. For some time now locals in the […]
UK-based EnerMech has launched a joint venture with the Khudairi Group in Iraq to target both the re-emerging oil and gas and large infrastructure sectors. The JV, with one of the country’s longest established family-owned groups, is expected to generate $20 million-plus turnover within a short period. The downstream energy and infrastructure rejuvenation along with […]
Al Murabit Security Services has opened its new office in Burjessia, Basra, demonstrating its commitment to deliver its full security service offering to customers in southern Iraq, as well as through its headquarters in Baghdad. Situated in the southern oilfields, the new office relocates the team closer to their customers and enables them to better […]
By John Lee. Basra oil terminal, which was damaged by a tanker collision last month, is reported to have been successfully repaired on Sunday. Officials at the South Oil Company (SOC) told Reuters that a one-million-barrel tanker was loading light crude at the terminal on Monday. Total crude oil exports had not been affected by […]
By Emily Couch. Clean water, clean start: AMAR water treatment plant revitalises Basra Community Iraq has long been hampered by a failing water system. The devastating 2007 cholera outbreak underlined the desperate need to improve Iraq’s water and sanitation systems. In 2008, UNICEF reported that less than 50% of the country’s population had access to […]
By John Lee. The Ministry of Oil has given more information on the new investment opportunity to build a new 300,000-bpd refinery in Basra's Faw (Fao). The refinery is capable of being extended by adding new units for the petrochemicals industries. The execution is according to the methods of BOT or BOO according to the […]
By Sara al-Qaher for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. On Feb. 20, the Iraqi Oil Ministry signed a memorandum of understanding with the Iranian Oil Ministry to settle disputes over the joint oil fields and examine the possibility of building […]
Kuwait Energy has announced the commencement of oil production from the Faihaa-3 well located in the Block 9 concession situated in the Basra Governorate. The Faihaa-3 well started commercial production on 12 February 2017 at 40/64 inch choke size and has stabilized at a gross daily rate of 5,200 barrels of oil per day (bopd). […]
By John Lee. Russia's Lukoil and Japan's Inpex have successfully completed the testing of the first exploratory well, Eridu 1, at Block 10 in Basra governorate. The well recorded a daily flow rate of more than 1,000 cubic meters of sweet oil from Mishrif horizon, confirming geological expectations of a large hydrocarbon field presence within […]
By John Lee. Reuters reports that loading of crude oil has resumed at al-Basra Oil Terminal (ABOT). Operations were stopped for 24-hours to install a new pipeline feeding the facility, the started again at midnight on Wednesday. (Source: Reuters)
By John Lee. Oil exports from Iraq's main gulf terminal have reportedly stopped from midnight on Tuesday for 24 hours to allow the installation of a new pipeline. Two sources at the South Oil Company (SOC) told Reuters that loading at the three single-point moorings (SPMs) connected with the Basra terminal will not be affected. […]
By John Lee. The South Oil Company (SOC) has started work on extension the Khor al-Amaya [Khor Al-Omaia] oil terminal (pictured) in Basra. Dredging operations have started with the intention of deepening of the shipping passages and anchor places for oil tankers. A Japanese loan will also facilitate the completion of the main transport pipeline, […]
