The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
It has been an exciting few weeks in Kuwait where the Government approved a $104bn development plan - the proximity and historic links to Basra where similar high impact developments in the oil and gas sector are starting, promises to create economic heat in the North of the Gulf.
The project to install and operate central air compressors at the shipyard of the Iraqi Ports Company in Basra has been completed. “The compressors are of the reciprocating type,” Anmar al-Safi, the company’s media director, told Aswat al-Iraq news agency on Thursday. He said that the project was executed by the company’s technical staff. ( […]
An investment permit will be given to an Iraqi-Turkish company to establish residential compounds for oil firms in Basra, a local source said on Tuesday.
Staff of the South Refineries Company in three southern Iraqi provinces will launch a sit-in on Wednesday
Staff of the South Refineries Company in three southern Iraqi provinces were due to launch a sit-in on Wednesday (March 24) demanding the dismissal of the refinery’s administration and to release their revenues of previous years. “The sit-in will be conducted at the three provinces of Basra, Missan, and Thi-Qar,” a union source told Aswat […]
The investment commission in Basra has given an investment permit to establish a shopping complex in the north of the city at a total cost of $3.27 million U.S. dollars.
Iranian Bank has opened a branch in the southern province of Basra to facilitate money transfer between the two countries, the Iranian consul in the city said on Wednesday.
LUKoil, plans to drill the first exploration well at the West Qurna-2 oil field in Iraq, LUKoil CEO Vagit Alekperov said on Wednesday. "We'll start drilling the first exploration well at the end of the year"
Basra province is to allocate ID200 billion ($170m) to upgrading the province’s sewerage systems, and a further ID100 ($85m) billion to its electricity supply. “Basra will get revenues from oil exports and border crossings,” Basra Governor Shaltagh Abod said in a press conference on Wednesday, attended by Aswat al-Iraq news agency. He said that the […]
The investment commission in Basra has given an investment permit to establish a shopping complex in the north of the city at a total cost of $3.27 million U.S. dollars. “The project will be carried out in al-Madeena district (100 km north of Basra) on an area of 3,309 square meters,” an official from the […]
A Turkish barge for electricity generation is scheduled to arrive on Monday in the port of Basra, and will supply power to the national grid. The Minister of Electricity Karim Wahid said in an interview that the barge will be installed at the port of Umm Qasr, while a second barge will arrive on 15th […]
The BBC reports that partial results are now in from all 18 provinces, and Nouri al-Maliki has strengthened his lead over main rival Iyad Allawi. His State of Law coalition is leading in seven provinces, including Baghdad and Basra. Baghdad is the largest constituency, with 70 seats from the total of 325. The Iraqi National […]
