The latest news on Iraq’s ports – security, tenders, Kuwait new port & competition and more – brought to you by Iraq Business News
By John Lee. Iraq's Ministry of Oil is increasing its in-house capacity to maintain its export terminals in southern Iraq, with the acquisition of new purpose-built ships. The Executive Director of the Iraqi National Oil Company (INOC), Hamid Younis, said that Safwan (pictured) will arrive in the coming days. It has the capability to assist […]
By John Lee. The General Company for Ports of Iraq (GCPI) has sent two marine dredgers to deepen the Khor Abdullah Navigational Canal. The company's general manager, Dr. Eng. Farhan Al-Fartousi, said the "Kufa" and "Al-Maqal" rigs will operate near the marine buoys no. 17 and 19, to improve the entry of large ships and […]
By John Lee. Basrah Gas Company (BGC) has exported its first semi-refrigerated liquefied petroleum gas (LPG) shipment from Umm Qasr jetty. The General Manager of BGC, Malcolm Mays, said the export of the first shipment of semi-refrigerated liquid gas is a great and historical achievement for Basra Gas Company, noting that this came as a […]
Transportation Sector in Iraq: Aviation & Maritime Scene Overview The transportation sector plays a major role in the development of the country. As a key factor in promoting the advancement of dependent operations, a strong transportation infrastructure will ensure the proper functioning of closely related sectors and present a reliable playground for emerging businesses and […]
By John Lee. Abu Dhabi Ports (AD Ports Group) has signed a Memorandum of Understanding (MoU) with the General Company for Ports of Iraq (GCPI) to promote increased cooperation between the two organisations within the fields of transportation and maritime. Facilitated during a recent visit of a high-level delegation led by the Iraqi Minister of […]
By John Lee. Italian-based Progetti Europa & Global S.p.A. (PEG) is to present its technical and commercial proposals for the development of the railway sector in conjunction with the Grand Faw Port. The statement from the Iraqi cabinet gave no further details. (Source: Govt of Iraq)
By John Lee. Basra Gateway Terminal (BGT) has announced that it has recently handled its three millionth TEU (twenty-foot equivalent unit shipping container). The milestone was achieved during the handling of Evergreen's Ever Uranus and coincided with BGT's seventh year of operations. Basra Gateway Terminal (BGT) is a subsidiary of International Container Terminal Services (ICTSI), which is […]
By John Lee. Sharjah 24 reports that Iraq's General Company for Ports is accepting offers from private companies to turn the disused Al-Maqal Port on the Shatt al-Arab into a tourist destination. It adds that an Italian company has already completed designs. Since the Iraq war, the port has reportedly declined for transport purposes, following […]
By Shelly Kittleson, for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi port revenue surges as anti-corruption move bears fruit Iraq's key Umm Qasr Port has been positively affected by measures to reduce corruption, leading to a massive revenue increase […]
By John Lee. Iraq's Ministry of Transport has signed a contract with Korea's Daewoo to complete five infrastructure projects at the Grand Faw port. The contract includes the construction of a 14-kilometer navigation channel extending to the sea, the basin for the ships that will dock at the port, and an underwater tunnel, which is […]
By John Lee. The Iraqi cabinet has authorised the Director General of the General Company of Iraqi Ports to sign a contract with the South Korean company Daewoo to construct the first phase of the Al-Faw Great Port project in Basra. The project will be supervised by the Italian consulting company Technital. Reuters reports that […]
By John Lee. ASYAD Group has announced that it has launched the first shipping line between Oman ports (Salalah, Duqm, Sohar) and Iraq's Umm Qasr Port. According to the company, the new weekly service will open up new investment opportunities between Oman and Iraq, and provide options for import and export between the two countries […]
