The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
The Swedish Embassy in Iraq has announced that Scania trucks will open a regional branch in Basra. Another Swedish company specialising in building power stations will also open an office n the province. Iraq Business News expects the company in question is ABB. The regional government said it was ready to offer all necessary facilities […]
Basra Oil & Gas Conference 2010 was held on 26th and 27th of November with the participation of 184 delegates under the theme of “Iraq Effectively Contributes to Future World Energy Supply”. Attending companies, institutions, universities, and individual delegates were exposed to the present and future status of Iraq’s oil industry, world energy supply and […]
Over the coming week terrorists are likely to attack Shi’ah worshippers marking the religious period of al-‘Ashura. Many pilgrims will travel to the holy city of Karbala for the event, which culminates on 17 December and has seen numerous bouts of violence in recent years. Security will be tighter than normal, but roadside attacks against […]
Iraq's Minister of Water Resources, Abdul-Latif Jamal Rashid, has laid the corner stone for the 350 billion dinar [$300m] Shatt al-Arab Canal project, aimed at pumping pure water for Basra Province and irrigation water for 250,000 donums of agricultural lands, according to a report from Aswat al-Iraq. Iraq’s Prime Minister, Nouri al-Maliki, had launched a […]
Local government in Basra province announced that a new gas-powered electricity station with a capacity of 500 MW will soon be built in Najibia region in the north of the province. Technical deputy Munthir Niema told NMC that the cost of the station will depend on petro-dollar balance, and its output will be used for […]
The Iraqi Oil Ministry announced on Tuesday plans to establish a natural gas extraction company in Basra in collaboration with Shell, according to reports from AKnews. Ministry spokesman Assem Jihad told the agency that the joint venture would extract the gas from the fields in Basra to power electrical generators. "The company will seek to […]
Basrah airport has been hit by several mortars over the last week. Although no casualties were reported the facility was shut for several hours and flights delayed and cancelled as a result. Local militancy Blame has speculatively been assigned to local Shi'ah militia groups, such as those affiliated with the now splintered Jaysh al-Mahdi (the […]
The recent two-day skills development event run by GetEnergy in Basra a few weeks ago attracted 120 participants from 20 international companies. Nihad Moosa, the Director General of Development and Training at Iraq's Ministry of Oil, delivered the opening speech announcing the Ministry's policies in the areas training and learning. Workshops conducted over the following […]
Bloomberg reports that Iraq plans to start work in the next three weeks on offshore oil facilities in the southern part of the country, where export capacity is due to more than double by mid-2012. Export capacity will rise to 4.5 million barrels a day by mid-2012 from the existing capacity of 1.8 million barrels […]
The Russian and German ambassadors to Iraq said on Monday that their countries want to open consulates in Basra in order to develop economic relations with the provincial government. The news was announced following the two ambassadors’ visit to the governor of Basra province, Shiltagh Abboud, yesterday. The German Ambassador to Iraq, George Christian, told […]
The Chairman of future projects coordination in Karbala province, Hani al-Yasari, has confirmed that the Turkish Universal Acarsan Co. has completed the first stage of the modern hospital project in al-Herr district the province. He told NMC that the seven-floor hospital, to be built over 65 acres in 33 months, includes 492 beds initially, expanding […]
The business associations and economic organizations in Basra, in collaboration with the International Private Projects Center, have held a conference to review the problems experienced by the private transport sector in the province. Abdul Saleh Saheb, the supervisor of the Conference and Vice-President of Businessmen's Union, told AKnews that the conference aims to review the […]
