The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
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 […]
The Bilateral US-Arab Chamber of Commerce announced that it hosted a business-to-business networking luncheon this week for visiting private sector executives from Basrah, Iraq, who are seeking to establish US partnerships, identify suppliers, and strengthen trade relationships to help with Iraq’s rebuilding efforts. The event is part of the Chamber’s CEO Insight Series, held in […]
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The results of the Iraqi provincial elections held April 20 initiated a new political balance between the main Shiite powers in Iraq’s south, particularly in Basra. These powers are the State […]
Shell Iraq Petroleum (Shell) has awarded a commissioning services contract to Wood Group-CCC (WGCCC), a company equally owned by Wood Group PSN (WGPSN) and Consolidated Contractors Company (CCC), providing operations and maintenance services to the oil and gas and petrochemical industries in the Middle East. The contract is to commission the first phase of the […]
By John Lee. The Basra Gas Company (BGC) -- a joint venture between the state-run South Gas Company (SGC), Shell and Mitsubishi -- is processing around 400 million cubic feet per day (mcfd) of gas, and is on track to treat 2 billion cubic feet per day by 2017. SGC general director, Ali Khudhier, told […]
The Iraq Britain Business Council (IBBC) has welcomed a new initiative to boost the Iraqi jobs market. A weekend conference in Basrah - sponsored by the Ministry of Oil and supported by Shell - has been investigating how to revitalise the Iraqi private sector by ensuring contracts with oil majors went to local firms. Oil […]
In response to the demands of Iraq’s rapidly expanding construction and development market RMD Kwikform has opened its first representative office in Erbil in the north of the country. The new office will act as a base for RMD Kwikform’s operations in Iraq, supporting both new and existing customers. RMD Kwikform has been involved in […]
