The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
By John Lee. Iraq's State Company for Petrochemical Industries, part of the Ministry of Industry and Minerals, has announced the signing of a national partnership with Noor al-Hilal to establish a new plant for the production of chlorine and caustic soda in Basra. The company's Director General, Engineer Mazen Abdul Razzaq, said the project will […]
By John Lee. A new river taxi terminal / marina on the banks of the Shatt al-Arab has reached 96 percent completion, with the facility expected to open in early 2026. The project comprises a three-storey building designed in the shape of a ship, featuring a glass frontage. The structure has a total built area […]
By John Lee. The Iraqi Drilling Company (IDC) has completed drilling the Majnoon-170 appraisal well at the Majnoon oilfield in Basra to a depth of 4,280 metres. The well was drilled using the IDC-57 rig, the largest drilling unit in Iraq, with a capacity of 3,000 horsepower. The work was carried out for the Basra Oil […]
By John Lee. At the Iraq Britain Business Council (IBBC) conference in Basra, Prime Minister Mohammed Shiaa Al-Sudani reaffirmed the government's commitment to advancing investment in cooperation with the private sector and international partners. Held under the theme "Gateway to Iraq," the conference gathered senior Iraqi and UK officials and leading companies to explore trade […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has inaugurated the first 63-km segment of the Development Road, linking the Grand Faw Port to the international highway in Basra. The opening marks a major milestone in the nationwide infrastructure programme and forms part of the government's "Year of Continuing Achievements". The completed section connects Iraq's […]
By John Lee. The Basra Governorate has inaugurated one of its largest healthcare projects -- the new Specialised University Hospital -- a 15-storey, 446-bed facility fully funded by the local government for the benefit of the University of Basra. Governor Asaad Abdul-Amir Al-Eidani officially opened the hospital in central Basra, describing it as a "medical […]
The Italian Ministry for Foreign Affairs and International Cooperation, through the Italian Agency for Development Cooperation (AICS), has entrusted UNESCO with the implementation of the project "Improving Access to Inclusive Quality Education in Southern Iraq". The initiative aims to expand access to education for thousands of out-of-school children in the governorates of Basra, Dhi Qar, […]
By John Lee. Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani Al-Sawad has announced that the launch of the Fluid Catalytic Cracking (FCC) project at the South Refineries Company (SRC) in Basra will enable Iraq to achieve self-sufficiency in petrol and other oil derivatives once it is inaugurated on Saturday. […]
By John Lee. The Ministry of Electricity has announced the signing of a contract for the implementation of the Al-Faw Gas Power Plant project in Basra - the largest investment-based gas-fired station in southern Iraq. The 3,000-megawatt combined-cycle plant will be built by GE and will include four gas turbines and two steam units. It […]
By John Lee. The Ministry of Oil has held a pre-startup ceremony for the expansion of the Zubair-Mashrif Gas Separation Station. Oil Minister Hayan Abdul Ghani Al-Sawad described the project as a key milestone in Iraq's efforts to boost gas production capacity, noting that it will significantly increase the capture of associated gas and supply […]
From the Iraq Britain Business Council (IBBC): IBBC Autumn conference 'Gateway to Iraq' Basrah is the physical and symbolic gateway to Iraq, with ports for export and import and the impressive massive new Al Faw port, with links into Iraq. There are plans to build freeports for businesses and communities along the development road to […]
By John Lee. Basra Governor Asaad Al-Eidani has welcomed the arrival of the first aircraft operated by Basra Airlines, named the "Shatt al-Arab", marking what he described as a milestone for the city's growing aviation sector. Founded in 2023 by Chairman and CEO Mr. Moffak Sabir Hamad, Basra Airlines aims to position itself as a modern […]
