The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
By Murtada Taleb. 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. It was designed to attract investors to Iraq and although things are getting better in Basra’s duty-free zone, there are still many obstacles for foreign investors […]
By John Lee. The Director General of Missan Oil Company has cut the ribbon on the 272-km crude oil pipeline from Buzurgan to Halfaya and onward to the tanks reservoir at al-Fao [al-Faw]. It starts from meeting point of the two lines from Buzurgan and Halfaya. The 42-inch-diameter pipeline was built in cooperation with the […]
By John Lee. Greek company TERNA has reportedly been awarded a $26.8m turnkey contract to construct a 100-bed hospital in Basra. According to Construction Weekly, the design and build project consists of a general hospital covering a built area of 18,000 m2, including 2,000 m2 for a staff residence and 22 rooms for special care. It […]
By John Lee. A Pakistani company identified as "Alkitan" has said it will build a new cement plant in Basra. Company director Shakir Ali told the Basra Investment Commission that they wanted to set up there "due to the abundant natural resources and investment opportunities". He added that the plant will be built on a […]
Interpipe, the Ukrainian seamless pipe producer, has announced that it is installing a local support team to work in Basra following the company's approval from South Oil Company (SOC) as a preferred supplier. The announcement sees Interpipe appoint a new Iraq country manager, based in Basra, with immediate effect. Following several recent meetings in Iraq with […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The change of the municipal government in the oil-rich Iraqi city of Basra, some 490 km (305 miles) from Baghdad, raises a number questions regarding the policy that the new government […]
By John Lee. Volvo Trucks has inaugurated joint service centres in the Iraq cities of Baghdad and Basra, reports Construction Week Online. The service centres, built in collaboration with local country distributor ZamZam Spring, will service trucks made by Volvo and Mack, part of the Volvo group. Stefan Soenchen, Iraq country manager of Volvo Trucks, […]
By Waheed Ghanim. 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. Basra’s Miracle Flower Show: Growing Petunias without Water In temperatures of over 50 degrees C, in a place where there is either no water or it’s […]
BIOGH has announced that the Masterplan for the Basra International Oil and Gas Free Zone has been formally approved by the Consulting Bureau of the College of Engineering at the University of Basra, and by the Iraq General Commission for Free Zones. This planning approvals milestone represents an ongoing successful collaboration, notably with the efforts […]
By John Lee. Qatar Airways has launched flights to Basra, its fourth destination in Iraq. The new services, operating four-times-a-week non-stop from the airline's Doha hub, takes the carrier's global network to 128 destinations worldwide. The launch also marks the rapid expansion by Qatar Airways in Iraq since the middle of 2012 when it began […]
Advertising Feature With proven reserves of around 143 billion barrels, Iraq has the third largest reserves in the world situated across 79 oil and gas fields. Of these fields only 23 are currently producing, and it has only been in recent years that Iraq has administered bids from international and national oil and gas companies […]
By John Lee. Pakistan's Attock Cement Pakistan Limited (ACPL) intends to invest around $25 million in a new cement grinding unit in Basra. Summit Capital analyst Muhammad Sarfaraz Abbasi commented: "Since Iraq is an economy which is coming out of war with a huge potential for reconstruction activities, we expect the project will pay ACPL […]
