The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
By John Lee. Gaith Al-Meshreq has won a contract with the United Nations Development Programme (UNDP) for "Supply of Operational Inputs and Start-up Technical Support for Al-Hartha Fish Hatchery and Marine Science Center Fish Hatchery, Basrah." Ref: 10529910/UNDP-IRQ-02055. Contract value is stated as $40,503.88. (Source: UNGM)
By John Lee. The accelerated gas investment project at the Nahr Bin Omar field is scheduled to enter operational service by the end of April, according to Iraq's Ministry of Oil. The project, part of efforts to increase utilisation of associated gas and reduce flaring, will deliver additional supplies of dry gas, liquefied petroleum gas […]
By John Lee. Twister for General Trading (sic) has won a contract with the United Nations Development Programme (UNDP) for "Supply and Installation of IT Equipment to UM Qasr [Umm Qasr], Basra Port Unit, Basra Governorate - Iraq for UNODC." Ref: 10525132. Contract value is stated as $40,072.58. (Source: UNGM)
By John Lee. The Iraqi government has approved annual allocations of IQD 100 billion (USD 76.3 million) for each province covered by the Reconstruction Fund for the Most Impoverished Areas. The funding applies to five provinces: Basra Babil Diwaniyah Muthanna Najaf The allocations form part of ongoing efforts to support development and improve economic conditions […]
By John Lee. The Iraqi government has approved a revision to its previous decision on the Basra-Haditha crude oil pipeline project, enabling a direct invitation process for participating companies. Under the amended Decision No. 578 of 2025, the Ministry of Oil will invite specialised and interested companies to submit bids for the project, rather than […]
By John Lee. The South Gas Company (SGC) has launched an accelerated project to increase gas processing and supply in Basra, aiming to boost national energy output and support electricity generation. The project, implemented in cooperation with the State Company for Oil Projects (SCOP), will add 600 tonnes per day of liquefied gas to national production […]
By John Lee. Basra Oil Company (BOC) has reduced crude oil production from 3.3 million barrels per day to 900,000 barrels per day following the suspension of exports from southern ports. The reduction was confirmed during a meeting chaired by Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani Al-Sawad to […]
By John Lee. Trial operation has begun on the first generating unit of the Shams Al-Basra solar power project, the largest solar energy scheme in Iraq, with a total planned capacity of 1,000MW. The project, located in the Artawi [Ratawi] area of Basra province, covers approximately 9,000 dunams and comprises four units, each with a […]
By John Lee. Iraqi air defences have intercepted and shot down nine drones targeting military sites in Dhi Qar and Basra provinces, according to updates from the Joint Operations Command. Four drones were downed after attempting to strike a military location inside Imam Ali Air Base in Dhi Qar province. Two were intercepted at 22:50, […]
By John Lee. The Arab Energy Fund has led and closed a $346 million reserve-based lending (RBL) facility for Kuwait Energy Basra Limited (KEBL), operator of Block 9 (Faihaa Field) in Basra and a wholly owned subsidiary of China's United Energy Group Limited (UEG). The financing will support the next phase of expansion and development […]
By John Lee. Iraq's Ministry of Oil has announced the inauguration of a gas-fired power generation plant at the Faw [Fao] oil depot, aimed at strengthening export capacity and supporting energy stability in the southern region. The project was launched under the direction of Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan […]
By John Lee. State-run Iraqi News Agency (INA) reports that plans have been announced to develop clean energy power plants in Baghdad, Basra and Nineveh. It quotes the regional director of Shanghai (sic) as saying that the already-announced Nahrawan project in Baghdad will convert 5,000 tonnes of waste per day into 110MW of electricity, with […]
