The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
By John Lee. Iraq's Council of Ministers has amended Decision No. 1008 of 2024, which concerns the construction of the Basra-Haditha pipeline. According to a statement from the Prime Minister's Office, the amendment permits the General Company for Iron and Steel, part of the Ministry of Industry and Minerals, to adopt an external manufacturing route […]
By John Lee. UK-based Bremesgraf has supplied an advanced bird deterrent system at Basra International Airport, as part of efforts to enhance aviation safety standards in line with modern airport operational requirements. The system was installed with support from the Basra local government and in coordination with the Ministry of Transport's Iraqi Airports Administration. According […]
By John Lee. Iraq has formed a special committee to oversee the Basra-Haditha multi-directional oil pipeline project, following a meeting chaired by Prime Minister Mohammed Shia' Al-Sudani. The committee will be headed by the Under-Secretary of the Ministry of Oil and will include relevant advisers to the Prime Minister as well as directors-general from the […]
By John Lee. Gaith Al-Meshreq has won a contract with the United Nations Development Programme (UNDP) for "Supply of Operational Inputs and Start-up Technical Support for Al-Hartha Fish Hatchery and Marine Science Center Fish Hatchery, Basrah." Ref: 10529910/UNDP-IRQ-02055. Contract value is stated as $40,503.88. (Source: UNGM)
By John Lee. The accelerated gas investment project at the Nahr Bin Omar field is scheduled to enter operational service by the end of April, according to Iraq's Ministry of Oil. The project, part of efforts to increase utilisation of associated gas and reduce flaring, will deliver additional supplies of dry gas, liquefied petroleum gas […]
By John Lee. Twister for General Trading (sic) has won a contract with the United Nations Development Programme (UNDP) for "Supply and Installation of IT Equipment to UM Qasr [Umm Qasr], Basra Port Unit, Basra Governorate - Iraq for UNODC." Ref: 10525132. Contract value is stated as $40,072.58. (Source: UNGM)
By John Lee. The Iraqi government has approved annual allocations of IQD 100 billion (USD 76.3 million) for each province covered by the Reconstruction Fund for the Most Impoverished Areas. The funding applies to five provinces: Basra Babil Diwaniyah Muthanna Najaf The allocations form part of ongoing efforts to support development and improve economic conditions […]
By John Lee. The Iraqi government has approved a revision to its previous decision on the Basra-Haditha crude oil pipeline project, enabling a direct invitation process for participating companies. Under the amended Decision No. 578 of 2025, the Ministry of Oil will invite specialised and interested companies to submit bids for the project, rather than […]
By John Lee. The South Gas Company (SGC) has launched an accelerated project to increase gas processing and supply in Basra, aiming to boost national energy output and support electricity generation. The project, implemented in cooperation with the State Company for Oil Projects (SCOP), will add 600 tonnes per day of liquefied gas to national production […]
By John Lee. Basra Oil Company (BOC) has reduced crude oil production from 3.3 million barrels per day to 900,000 barrels per day following the suspension of exports from southern ports. The reduction was confirmed during a meeting chaired by Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani Al-Sawad to […]
By John Lee. Trial operation has begun on the first generating unit of the Shams Al-Basra solar power project, the largest solar energy scheme in Iraq, with a total planned capacity of 1,000MW. The project, located in the Artawi [Ratawi] area of Basra province, covers approximately 9,000 dunams and comprises four units, each with a […]
By John Lee. Iraqi air defences have intercepted and shot down nine drones targeting military sites in Dhi Qar and Basra provinces, according to updates from the Joint Operations Command. Four drones were downed after attempting to strike a military location inside Imam Ali Air Base in Dhi Qar province. Two were intercepted at 22:50, […]
