The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
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 […]
By John Lee. The Ministry of Oil has reviewed progress on major development projects at the Rumaila oil field in Basra governorate. On behalf of Deputy Prime Minister for Energy and Minister of Oil Hayan Abdul Ghani Al-Sawad, Undersecretary for Upstream Affairs Bassem Mohammed Khudair conducted a field visit to Rumaila to follow up on […]
By John Lee. The Ministry of Oil has reviewed progress on the Gas Growth Integrated Project (GGIP) in Basra during a site visit to the Artawi [Ratawi] oilfield. Undersecretary for Extraction Affairs Bassem Mohammed Khudair inspected key projects being implemented by TotalEnergies, in partnership with QatarEnergy and Basra Oil Company (BOC). The visit covered the […]
By John Lee. The Council of Ministers has approved measures related to water infrastructure in Basra and contract execution for the first phase of the Grand Faw Port project. The cabinet reviewed the Al-Baradhiya water project in Basra and approved the establishment of modular water treatment stations on the Shatt al-Arab to secure drinking water […]
By John Lee. Jetcraft Commercial has delivered two Bombardier CRJ-1000 regional jets to the newly-launched Basra Airlines. The CRJ-1000 fleet is expected to initially serve domestic routes from Baghdad, complemented by regional services to strategic destinations including Dubai, Beirut, and Amman. Basra Airlines, which received its Air Operator Certificate (AOC) in December, is preparing to […]
By Nawras Hassan, for Jummar Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Sexual violence in Iraq: The normalisation of a structural crisis This article situates the mass sexual harassment incident in Basra within a broader pattern of systemic violence against women, connecting […]
By John Lee. Iraq's State Company for Petrochemical Industries, part of the Ministry of Industry and Minerals, has announced the signing of a national partnership with Noor al-Hilal to establish a new plant for the production of chlorine and caustic soda in Basra. The company's Director General, Engineer Mazen Abdul Razzaq, said the project will […]
By John Lee. A new river taxi terminal / marina on the banks of the Shatt al-Arab has reached 96 percent completion, with the facility expected to open in early 2026. The project comprises a three-storey building designed in the shape of a ship, featuring a glass frontage. The structure has a total built area […]
By John Lee. The Iraqi Drilling Company (IDC) has completed drilling the Majnoon-170 appraisal well at the Majnoon oilfield in Basra to a depth of 4,280 metres. The well was drilled using the IDC-57 rig, the largest drilling unit in Iraq, with a capacity of 3,000 horsepower. The work was carried out for the Basra Oil […]
By John Lee. At the Iraq Britain Business Council (IBBC) conference in Basra, Prime Minister Mohammed Shiaa Al-Sudani reaffirmed the government's commitment to advancing investment in cooperation with the private sector and international partners. Held under the theme "Gateway to Iraq," the conference gathered senior Iraqi and UK officials and leading companies to explore trade […]
