The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
A delegation from the German company Liebherr visited the Basra Investment Commission (BIC) and discussed available investment opportunities and advantages provided by the Iraqi Investment Law to the investor, in addition to the support for the industrial projects in Basra. The delegation presented a project to build a maintenance center, training center, laboratory and factory, […]
Iraq's main port of Umm Qasr in Basra will lose 60% of its business if Kuwait goes ahead with a neighbouring port of its own, reports AKnews. In addition to thousands of dock workers losing their jobs, it is also believed that the livelihoods of local fishermen will be affected. A dispute over the territory […]
Basra council decided this week to renovate and upgrade Basra International Airport as part of preparation to host the Gulf Cup in 2013, reports AKnews. The airport is Iraq's second biggest. Jabbar Amin Jaber, Basra Council chairman, said: “More than $100 million (116.5 billion Dinars) were allocated to begin the construction within the next couple of […]
Organizers of Basra Oil & Gas and Baghdad Oil & Gas are glad to announce that both events are officially supported by the Iraq Ministry of Oil. In the document signed by Mr. Ahmed Al-Shamma, Deputy Minister for Refining and Gas Processing, it is clearly indicated that the ministry is pleased with the success of […]
BPA Worldwide has been contracted to complete the event audit of the 2nd Basra International Oil & Gas Conference and Exhibition to be held in Basra, Iraq. The event, which is supported by the Ministry of Oil and Ministry of Trade State Company For Iraqi Fairs, will be held at the Basra International Fair Ground, […]
Hundreds of employees of Iraq’s state-owned South Oil Company have gone on strike in Basra city on Monday, demanding improvement of their living standards and salaries, and the formation of integrity committees to uncover the financial and administrative corruption in the Company. A trade union activist told Aswat al-Iraq news agency that the demonstrators have […]
A bid from an Emirati company to invest in one of Basra’s oil refineries to boost domestic production has won the support of the Basra Investment Commission. Haider Ali Fadel, chairman of the Commission, told AKnews on Monday that the Bin Khalid Group’s bid to increase the refinery’s production capacity to around 300,000 barrels per […]
The Basra Investment Commission announced that it has received an offer to build 5,280 housing units in the “New Basra” City at a cost of $939 million [1100 billion Iraqi dinars]. The offer came from the al-Saqr al-Jareh [al-Saqar al-Jareh] company, whose director general, Sarah Hameed Meran, said, "The project plan includes the construction of […]
After many years of searching, American forces have finally managed to track down and eliminate Osama Bin Laden. The news has reverberated around the world, and it has implications for all countries in the region, not least Iraq. Our security expert John Drake has been analysing the possible effects of this latest news for Iraq, […]
The Basra International Airport in southern Iraq will undergo a major expansion and renovation this year, according to its director. On the sidelines of the first Iraq Airports Expansion, Cargo and Logistics Conference and Exhibition held in Erbil last week, Abdul Ameer Ganim Abdullah said: "There are several huge projects that will commence this year, […]
The legal department of the Basra Investment Commission (BIC) is carrying out the final study of the bottled water project. The head of the department, Mohammed Rhyad Hilal (pictured), said that the project submitted by the international company Everest Seven, includes the construction of a plant producing bottled water sterilized by ozone. The production capacity […]
The German company Bertling met the chairman of the Basra Investment Commission to discuss their plan to establish an project providing logistical support for oil and gas companies in Basra. A director of the company, Ali Majed Sabah, said ,"the conference that was held in Kuwait Chamber of Commerce recently and our follow up at […]
