The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
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. Iraq Corruption Crackdown to Cut Project Costs, PM's Aide Says Iraq's new government hopes an unprecedented crackdown on corruption will cut the cost of projects and […]
By John Lee. Basra Oil Company (BOC) has awarded a contract to US company Halliburton to provide Integrated Field Management Services (IFMS) and Engineering, Procurement, and Construction Management (EPCM) for the Nahr Bin Umar oil field and Sindbad oil and gas fields in southern Iraq. The contract scope includes field development planning, production optimisation, digital […]
By John Lee. An EPC (engineering, procurement and construction) contract has been signed for a low-pressure gas recovery project at Gas Compression Station 6 in the West Qurna 1 oil field. According to Basra Gas Company (BGC), the contract has been awarded to Abraj Al-Kut Oil Services Company (AKT). The project aims to recover associated […]
By John Lee. The Basra cement plant has begun producing two new cement types: limestone cement and oil-well cement. The plant is operated by the General Company for Iraqi Cement, a subsidiary of the Ministry of Industry and Minerals. The limestone cement is manufactured to Iraqi standard specifications and is suitable for finishing and plastering […]
By John Lee. Chevron has held talks with Iraq's Prime Minister on expanding investment in southern oil fields, refining, pipeline infrastructure, and export routes. The meeting took place at Chevron's corporate headquarters and was attended by Iraq's ministers of oil and electricity, along with the Prime Minister's advisory council and the Iraqi ambassador to Washington. […]
By John Lee. Iraqi Prime Minister Ali al-Zaidi met Jordan's Foreign Minister Ayman Safadi in Washington on Wednesday, on the sidelines of an official visit to the United States. According to the Prime Minister's Office, discussions covered bilateral relations and opportunities to strengthen economic and development cooperation. The two sides reviewed progress on the Basra-Aqaba […]
By John Lee. Iraq's Minister of Oil, Basim Muhammad Khudhair al-Abadi, has met with a delegation from US oil major Chevron to discuss expanding cooperation and investment in the oil and gas sector. According to the Ministry of Oil, the talks covered opportunities to support the ministry's plans to increase production, develop infrastructure, and leverage […]
By John Lee. Construction is continuing on what is described as Iraq's largest boat marina, located on the banks of the Shatt al-Arab waterway. The marina will have a capacity of 50 boats and will include tourist facilities, a helicopter landing pad, and various ancillary works along its sides. Ahmad Jasim, Director General of the […]
By John Lee. Iraqi Drilling Company (IDC) has completed drilling of directional well ZB-679 at the Zubair oil field, on behalf of the Zubair Field Operating Authority. The well was drilled using rig IDC-56 to a depth of 3,846 metres at an inclination angle of 20 degrees. Mohammed Hantoush Asad Al-Azirgawi, Director General of IDC, […]
By John Lee. KAR Electrical Power Plant Production Trading FZE (KEPPT) has engaged JP Morgan to arrange development financing for a $1.6 billion urea plant in Basra. According to a statement from KEPPT, the company will work with the bank to progress financing for the project in conjunction with several leading export credit agencies. The […]
By John Lee. Iraqi Airways will begin direct flights between Basra and Baku today (Wednesday), operating one flight per week as part of plans to expand its international network and meet growing demand for travel. The company's Director General, Manaf Abdul Moneim, said the new route responds to increased seasonal demand and gives passengers from […]
By John Lee. Basra Oil Company (BOC) has signed a five-year contract with US firm Halliburton for the integrated management of the Nahr Bin Umar oil field and Sindbad field. The signing took place under the auspices of Minister of Oil Basim Muhammad Khudhair al-Abadi, in line with government plans and directives from Prime Minister […]
