The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
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, […]
The British Council has award £460,000 to the Basrah Museum project. This project sees the completion of three remaining galleries in the newly opened museum. The old Basrah Museum was looted in the 1st and 2nd Gulf Wars and was closed in 2003. The new museum is housed in one of Saddam Hussein's former palaces. The […]
By John Lee. Iraq’s Ministry of Oil has said that total oil exports for November have reached a record high of 4.051 million bpd. The figure is made up of 3.407 million bpd from the southern oilfields, 64,000 bpd from Kirkuk, and 580,000 bpd exported from fields controlled by the Kurdistan Regional Government (KRG). The Ministry […]
By John Lee. Iraq’s Ministry of Municipalities and Public Works (MMPW) has reportedly appointed Protechnique as the main contractor for the $80-million Basra Water Pumping Station, P2R. According to a report from Construction Week Online, it will provide engineering, procurement, and construction (EPC) services for the project’s transmission reservoir and transmission pump station; chlorine building; […]
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. Sajad Saadi has dreams of becoming the next Mark Zuckerberg, the now-seriously wealthy American who helped found Facebook while he was at university. And to get that particular party started, […]
By John Lee. Sweden's JLT Mobile Computers has announced that it has successfully delivered a total of 50 JLT VERSO 12 mobile computers to the Basra Gateway Terminal (BGT). BGT, a container and multi-purpose cargo handling facility at the port of Umm Qasr, is operated by Philippines-based International Container Terminal Services Inc. (ICTSI); it opened […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. In the oil-rich city of Basra in southern Iraq, drug-trafficking gangs are gaining power. Through certain areas on the Iraqi-Iranian border, drugs come in from Iran to be consumed in […]
By John Lee. Kuwait Energy has announced the commencement of production from the Faihaa-2 well in the Block 9 concession. in Basra Governorate. The Faihaa 2 well was spudded on 3 January 2016, with production testing commencing on 23 September 2016 at 52/64 inch choke size at an initial rate of 9,583 barrels of oil […]
CWC’s third Basra Oil, Gas and Infrastructure Conference will take place this year in Beirut, Lebanon on 24-25 of October 2016. In a pre-conference interview with the Chairman of the Oil and Gas Committee of Basra Council, Mr Ali Fares outlined the most important issues that the Basra delegation will focus on during the conference, […]
A new museum celebrating the rich cultural heritage of southern Iraq has opened its first gallery at a ceremony in Basrah. The gallery, which displays artefacts from the Hellenistic period (c. 300 BC) through to the present, represents the first major milestone in an eight-year project involving the Iraq Ministry of Culture, the State Board […]
By John Lee. Platts reports that Iraq will export 3.257 million bpd of Basra crude oil in September, up 13 percent from August. According to a provisional loading schedule seen by Platts, this will consist of 2.324 million bpd of Basra Light and 933,333 bpd of Basra Heavy grade. This compares to 2.078 million bpd […]
By John Lee. The Turkish company Karadeniz Holding has reportedly stopped supplying electricity from its three generating ships loctated in the ports of Khor al-Zubair, Umm Qasr and Abu Flous. Local media report that the move is due to the non-payment of debts to the company by the Iraqi Ministry of Electricity. The company had […]
