Local wool has been exported to Iran through the Abu Falous Port in Basra province, the public relations and media director at the State Company for Iraqi Ports said on Sunday. “The Iranian ship Rahmat has landed at Abu Falous Port to transport Iraqi wool to Iran,” Anmar al-Safit told Aswat al-Iraq news agency. ( […]
Tag Archives | Basra News
The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
Outrage in Basra as Kuwait drills cross-border deposits
A Kuwaiti project to drill an oil deposit shared with Iraq has sparked outrage in Iraq's southern oil province of Basra.
Workers strike and demonstrate in Basra
Last week as many as 700 workers at the 150,000 barrel per day refinery 16 kilometers west of Basra held a three-hour strike.
Kuwait Developments:Progress alongside Iraq.
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.
Compressors for Basra
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. ( […]
Tags: Basra News, Transportation
Residential Compounds for Oil Companies in Basra
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.
South Refinery Staff to Sit-in
Staff of the South Refineries Company in three southern Iraqi provinces will launch a sit-in on Wednesday
South Refinery Staff to Sit-in Tomorrow
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 […]
Tags: Basra News, Oil & Gas
Investment permit given to build shopping complex in Basra
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 opens branch in Basra
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.
Russian Lukoil to start drilling Iraqi oil fields before the end of this year
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"
More than $250m Allocated to Basra Infrastructure
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 […]
Tags: Basra News, Public Works