Iraqi Airways is planning to initiate its new service between Basra and Mash’had [Mashhad] in eastern Iran, according to a Transportation Ministry statement on Tuesday, quoted by Aswat al Iraq. "The Transport Minister, Amer Abdul-Jabbar, has instructed Iraqi Airways to initiate a route between southern Iraq’s Basra and Iran’s Mash’had from September 9, 2010, with […]
Tag Archives | Basra News
The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
Russian Delegation Considers Investment in Basra
A delegation of Russian companies met with the chairman of Basra Council on Thursday to discuss investment opportunities in the city, a media official of the Basra council said. "A delegation of Russian companies’ representatives held a meeting with Jabbar Amin, with whom they discussed investment opportunities in the city," Hashem Ubeidi told Aswat al-Iraq […]
Tags: Basra News, Russia
$4m of Gas Wasted Daily in Basra
A senior official at Shell said that Iraq is losing $50 dollars per second, more than $4 million a day, as a result of flaring the gas associated with oil production in the province of Basra. The company's Vice-President for the Middle East and North Africa, Mounir Bouaziz, reportedly said his company was currently awaiting […]
Basra International Oil & Gas Conference
Basra International Oil & Gas Conference and Exhibition 25–28 November 2010 International Exhibition Center, Basra – IRAQ Our participants has passed 100! Why Exhibit Have a key role in rebuilding of Iraqi Oil & Gas Sector. Build a network of new and productive business contacts and establish local partnerships which is important to do business in […]
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Basra Sheraton to be Re-Opened
The Basra Sheraton hotel, which has been undergoing renovation for the past six months, will be opened in the middle of September. “The refurbishment project has been executed by a local firm at a total cost of $55 million [66 billion Iraqi dinars],” a local media source told Aswat al-Iraq news agency. He noted that […]
Basra Oil Exports Recover
Reuters reports that oil exports from Iraq’s Basra terminal recovered to 1.56 million barrels on Tuesday, after dropping to 720,000 barrels on Monday due to pipeline repairs. “The flow rate from Basra port is recovering after they finished repairs on some parts of the export pipeline yesterday evening,” a shipping source claimed. The shipper said […]
Tags: Basra News, oil export
Iraqi Force Tracks Down 'Pirates'
An Iraqi navy has tracked down the thieves who hijacked a number of ships near Iraq’s oil ports in Basra, a news report from Aswat al-Iraq quotes an Iraqi Web site. “We cannot describe these thieves as pirates, they are just thieves,” said an Iraqi source. He described such incidents as one-off events committed by […]
Basra's $350m Development Budget
An official from Basra Provincial Council (BPC) said on Tuesday that the council allocated 400 billion Iraqi Dinars (IDs) -- around $350 million-- from oil and customs’ revenues to provide public services in the province, the head of the monitoring and planning committee of the BPC told AKnews. Walid Gitan said the Iraqi Finance Ministry […]
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Basra Oil Exports Halved
Oil exports from Iraq's Basra terminal fell to 720,000 barrels on Monday, down from 1.728 million barrels the previous day, due to maintenance on the offshore pipeline, according to a report from Reuters. "Exports from Basra dropped today as technical teams are conducting maintenance work on some parts of the export pipeline," a source said. […]
Tags: Basra News, oil export
Increasing Number of UAE Investments in Basra
A number of UAE companies wanting to launch investment projects in Basra province has increased in recent weeks, said a spokesman for Basra's governor on Sunday. "Basra province received more than four UAE companies within a month," Salem Al-Taqi, told AKnews. [We assume that "more than four" means "five" - Ed.] "Basra's governor, Sheltag Aboud, […]
Tags: Basra News, UAE
ENI Target 15% Increase From Zubair By December
The managing director of the Italian national oil company, ENI, confirmed on Monday that the company aims to increase oil production by 15 percent in southern Iraq’s Zubair oil fields by the end of this year. AKnews reports that the remarks by Gino Jianoa came during a visit to Basra to discuss the Zubair contract […]
Pirates Rob Ships' Crews Off Basra
Gunmen robbed the crews of four ships anchored off Iraq's southern oil hub of Basra last week, in Iraqi regional waters patrolled by the U.S. Navy, a Navy official said on Sunday. The attackers targeted the Antigua-flagged Arminia, North Korea's Crystal Wave, Syria's Sana Star and the American ship Sagamore last Sunday and took personal […]
Tags: Basra News, Umm Qasr