The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
Reuters quotes the Iranian Consul to Basra as saying that Iran hopes to double trade with Iraq to $8 billion this year, mostly in the construction, food and industrial sectors. Meanwhile, 60 companies participated in an exhibition of Iranian trade and industry in Basra City. The consul also told Aswat al-Iraq that, “Iran is working […]
Basra's Investment Commision is reportedly in discussions with an American company on a possible new factory to make oil pipelines and valves. The deal may involve a joint venture with Ibn Majed Iraqi Engineering Company.
British and Iraqi companies have attended a Basra-based conference on investment opportunities in the province, a local official said on Saturday. “The conference was organized by the Basra Investment Commission in cooperation with Amar al-Khayr Organization at Manawi Pasha Hotel,” the head of the commission, Haydar Ali Fadel, told Aswat al-Iraq news agency. “The event […]
An agreement has been reached on Friday with a Turkish exporter of ready-to-use power pylons to increase capacity from 240 to 363 megawatt (MW) in Basra, according to the provincial council’s electricity committee chairman. “The capacity of one pylon, due to arrive in the port of Umm Qasr soon, will be upped from 105 to […]
Iraq's oil exports slipped slightly last month to 1.926 million barrels per day from 1.977 million bpd the month before, an official at the State Oil Marketing Organization (SOMO) said today. Exports up to 30 January had averaged 1.98 million bpd. The SOMO official, who asked not to be identified, did not give a reason […]
A new power transformation station will be established in the city of Basra within 23 months, an official of the local council’s electricity department said on Wednesday. “The new station, which is being built near al-Zubair Bridge, west of Basra, will have a production capacity of 400 KV,” Ziyad Ali Fadel told Aswat al-Iraq news […]
There are two big investment opportunities to construct two major gas-driven power plants in Basra, the Basra Investment Commission said in a release on Monday. “The first plant will have a capacity of 1,250 Mwatt, while the second one will be able to generate 1,350 Mwatts of electricity,” said the release received by Aswat al-Iraq […]
A delegation from the Turkish companies discussed on Monday with Basra’s governor the final preparations for holding the international Turkish fair in the province, a media official said. “A delegation from the Turkish Ramsey Group held on Monday (Jan. 25) a meeting with Basra Governor, Shaltagh Abboud al-Mayah, on the final arrangements for its permanent […]
The Basra-Istanbul airway will be opened early next month, the deputy head of Basra’s investment commission said on Monday. “Flights will be available between Basra Airport and Turkey,” Jalal Tema al-Nouri told Aswat al-Iraq news agency. The step comes following talks with the commercial attaché in the Turkish embassy, Saeed Faeq, Nouri explained. The Shiite […]
Three new drinking water units, funded by the Iraqi government’s Basra rebuilding and development committee, have been launched in Basra on Thursday. “The three units’ total capacity is 400 cubic meters per hour,” Rasheed al-Fahad, the committee’s spokesperson, told Aswat al-Iraq news agency. He said that the cost of the three units was around ID3 […]
The governor of Basra, Shaltagh Abboud, discussed with the director of a Turkish manufacturer of electricity pylons the necessary procedures for the arrival of power-generating pylons in the province, according to a local official source on Thursday. “The pylons, scheduled to start to arrive in February, would be linked to the national power grid in […]
U.S. reconstruction team has started implementing electricity projects in Basra with a total cost of $18.8 million to save energy and reduce the power cut, a general manager of Basra electricity said on Friday. “The projects include extending 14 cables with11kV power at a cost of $5.4 million to save power through the national net,” […]
