The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
An official spokesman of Basra province said Sunday that a delegation from Russian energy company Neftegaz Export has arrived to the city to discuss investment projects with the governor. Sheltagh Abboud received on Sunday the Deputy Director of Neftegaz Export, Vladimir Fumujev, and a delegation accompanying him, who were seeking a foothold in Iraq for […]
A local government spokesperson from Basra has announced that the Chinese company "Tarim" is making the final preparations for a trade fair due to open in the Basra province (550km south of Baghdad). "The governor of Basra, Shiltagh Abboud, hosted a delegation from Tarim which is preparing to open a trade fair in the province, […]
Basra International Fair Ground 25 - 28 November 2010 Iraq is opening its doors. International Basra Oil and Gas Conference & Exhibition will take its place as the first and foremost gas and oil exhibition of the region. Events will have support from Iraq Government. Exploring Iraq's true natural resources, modernizing its oil and gas […]
A Dutch firm has proposed an electricity investment project to local authorities in Basra province, southern Iraq. “The proposal includes the construction of a new power stations in Basra,” the province’s Governor, Shaltagh Aboud al-Mayiah, told Aswat al-Iraq news agency on Wednesday. He noted that the local authorities in Basra allocate greater importance to electricity […]
Foster Wheeler AG (Nasdaq: FWLT) announced today that its Global Engineering and Construction Group has been awarded a project management consultancy (PMC) services contract by South Oil Company (SOC) for the Iraq Crude Oil Export Expansion Project onshore in southern Iraq and offshore in Iraqi waters. SOC is a company under the Ministry of Oil […]
A delegation from Bahraini investment companies met with the chairman of Basra Council on Thursday to discuss investment in the energy sector in the southern city, according to a report from Aswat al-Iraq. “Chairman of the Basra council Jabar Amin Jaber received on Thursday a delegation representing Bahraini investment companies in the energy sector,” said […]
Basra's Governor, Shaltagh Abboud al-Mayah, held discussions on Thursday with a company regarding projects in the oil sector, a media source said. “Al-Mayah met with a delegation from the Top Oilfield company to discuss the maintenance of oil rigs in Basra,” the source told Aswat al-Iraq news agency. “The meeting also addressed the local government’s […]
According to several sources, the administration of Basra province council has dismissed the director of Basra Investment Commission, Dr. Haider Ali Fadhil. Ahmed Ali, a member of the committee, was appointed in his place. Meanwhile, Alsumaria TV reports that Dr. Fadhil was dismissed by Basra's governor, but that the Council has objected to the dismissal […]
According to report from Reuters, oil exports from Iraq's southern oil hub of Basra partly recovered on Monday to 1.08 million barrels per day, having been disrupted by a sandstorm over the previous two days. Basra's shipments were: Friday - 1.68 million barrels Saturday - 1.128 million barrels Sunday - 720,000 barrels Monday - 1.08 […]
A number of companies participating in a Basra international fair revealed on Saturday their intention to seek investment opportunities in the province, the 'economic capital of Iraq', according to a source cited by AK News. The 5-day Basra International Fair opened on Friday, with the participation of more than 150 local and foreign companies specialising […]
Basra's governor has announced projects totalling more than 50 billion Iraqi dinars ($42m), according to a report from AK News. "Many projects will be implemented and financed from Basra's budget at a cost of more than 50 billion Iraqi dinars. The first project is to establish an industrial city for 40 billion dinars that includes […]
A major campaign kicked off in Basra on Sunday to clamp down on the theft of electricity from the grid. Basra police chief Maj. Gen. Adel Dahham, speaking in a statement to "Eye Media" on the role of security services, said "military and police forces worked with the electricity departments in a campaign to stop […]
