The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
The deputy chairman of Basra's local council, Ahmad al-Sulieti, met representatives of the Jordanian al-Barq company to discuss the possibility implementing projects in the energy sector, according to a statement of his office reported by Aswat al-Iraq. (Source: Aswat al-Iraq)
The foundation stone for a project to build 1,000 housing units for the Political Prisoners Association in Basra for was laid on Thursday, according to the PPA chief. “The implementation of this project in Basra mirrors the central government’s care for political prisoners and recognises their sacrifices under the former regime,” Jassem Muhammad Jaafar said […]
An Iraqi police source said that army forces arrested a gang of currency counterfeiters during a security operation in Basra 550 km south of the Iraqi capital, Baghdad. The official source said that the gang consisted of two people, and the security forces found nearly $90,000 [105 million Iraqi dinars] of counterfeit currency on site, […]
An Italian company is planning to build a new shopping mall in Basra, a source from the Basra local council said on Tuesday. “A delegation from the company, which belongs to the Italian energy giant ENI, held a meeting with Basra's governor and a number of local officials to discuss the establishment of a large […]
Basra Oil & Gas Conference and Exhibition 2010, the most important oil and gas event in the oil rich city of Basra, will take place between 25th and 28th of November at the Basra International Fair Ground. We currently have 150 participants operating in the oil & gas industry from 25 countries. Our goal through […]
The Vice President of the Basra provincial council said on Friday that the visit of the U.S Deputy Defense Secretary to Iraq came to discuss the issue of attracting the foreign companies to work in Basra, according to a report from AKnews. "An extended meeting between the U.S Deputy Defense Secretary and a number of […]
On Wednesday, a local company began work on the biggest drinking water project in Basra, a local official said. “A local company started today to implement the al-Khatwa water project, the biggest drinking water project in the al-Zubeir district in Basra,” Abbas Rasham, the district’s mayor, told Aswat al-Iraq news agency. “The project will contribute […]
Basra's Governor, Shaltagh Abboud al-Mayah met with the director general of UAE-based firm in recent days to discuss a possible investment in the site of the former prison at Boca [Camp Bucca]. “The discussions were fruitful,” said a statement issued by the local authorities in Basra, and reported by Aswat al-Iraq. The company’s director general […]
Iraq's cabinet has just approved a $733 million [880 billion Iraqi dinar] deal to build a new oil export terminal in Basra, a spokesman for the Iraqi government said on Tuesday. The work will be carried out by Leighton Offshore Private Ltd., which was selected from four international companies invited to tender for the project. […]
Gulftainer, in collaboration with a local Iraqi company, launched a new container-dock project in Basra on Monday, with the aim of increasing capacity at the port by about 58,000 tons per year. The Emirati company will initially invest $24m [29 billion Iraqi dinars] in the project, according to the report from AKnews. Gulftainer's Director, Peter […]
Basrah is central to the biggest oil and gas projects that will be taking part in Iraq over years to come and in order for contracts to go ahead, approval and consent is needed from the local authorities for projects to commence. Iraq Mega Projects 2010 Conference & Exhibition, taking place in Istanbul, Turkey, on […]
The new Sheraton Hotel in Basra was formally opened on Saturday, with a large gathering in attendance. But as we recently reported, the company in charge of building the hotel has run into problems with the tourism board in Basra because the project was not completed on time. The general supervisor of Summar Company, Sara […]
