The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
Basra Investment Commission (BIC) has agreed in principle to build an iron and steel factory worth of $150 million (175 billion IQD). AKnews reports that it is a joint proposal by Erbil Steel Company and a Turkish company. Khalaf Badran, head of the BIC, told AKnews that the Commission has expressed its "full support" for […]
The EIC is organising an oil and gas trade mission to Basra in Iraq. Missioners will have the opportunity to attend organised group meetings with key local players, as well as incorporating a briefing meeting presented by qualified speakers with in-market experience and the opportunity to meet with local companies. Why Iraq? As Iraq works […]
Basra Investment Commission has announced a new investment opportunity for the establishment of power plant in the Hartha area. The new plant will have a capacity of 100 MegaWatts. Companies interested in this opportunity should contact Basra Investment Commission for more details: [email protected] (Source: Basra Investment Commmission)
Basra Council has signed the contract for the construction of 12,000 housing units in the Shatt al-Arab district. The local government allocated 1,600 acres to the project, which is expected to be started within the month and completed within two years. It is to be carried out by a UAE-based company named Kika (?). The […]
Officials in Basra are reportedly trying to cancel a $17 billion Shell gas deal because they want a bigger say, highlighting the pressure on central government to ease its control over the provinces. According to the report from Reuters, the province is increasingly restless with the slow pace of development and wants more control over […]
The EIC is organising an oil and gas trade mission to Basra in Iraq. Missioners will have the opportunity to attend organised group meetings with key local players, as well as incorporating a briefing meeting presented by qualified speakers with in-market experience and the opportunity to meet with local companies. Why Iraq? As Iraq works […]
Basra Investment Commission announced on Tuesday that it had agreement reached with Iraqi authorities to grant investment visas within 48 hours. The Commission's Chairman said this would be a major step in reducing red tape, and will help investors to seize opportunities and contribute to the development of the economy. (Source: BIC)
Basra province and the Italian oil company ENI have agreed to hold courses for agricultural personnel in both governmental and private sectors, according to Aswat al-Iraq. A meeting was held with the Italian company to grant support to agricultural projects in the province, with the attendance of representatives from Florence University in Italy, which will […]
The Iraqi Ports Administration announced today that a power generation vessel arrived at Khor al-Zubair port last week. Aswat al-Iraq reports that the Turkish vessel will supply the national electrical grid with 110 megawatts of power. This is the third electricity generation vessel to arrive in Basra province. Two vessels are already working in Umm […]
This article was written by Ahmad Wahid, and was originally published by the Institute for War and Peace Reporting, iwpr.net. It is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Thousands of Iraqis working across five ports […]
The new Turkish consul general to Basra, Faruk Kaymiski, promised on Sunday that he would urge more Turkish companies to invest in the oil-rich province of Basra. AKnews reports that Kaymiski, the successor of Ali Reza Ozcu, said that when the consulate was opened in 2007, its goal was to expand the economic and social […]
The American petrochemical producer Chevron Phillips Chemical is to invest $6 billion [7.2 trillion Iraqi dinars] to create a new facility in Basra. AKnews reports that the Company has obtained a licence to operate in the city, and that Basra Investment Commission has also voiced its support for the project and is now seeking to allocate […]
