Iraq News » Basra News Iraq » Basra » Economy: Iraq’s impossible predicament: why the country is trapped between Iran and the US
With the outbreak of this year’s war, Iraq’s balancing act between the two antagonists has collapsed, exposing a perilously fragile state ...
News Iraq » Basra » Economy: As the war flares, Iraq’s economic dire straits deepen
Matein KhalidThe revival of the US-Israel-Iran war is set to intensify the concatenation of economic, energy and geopolitical shocks facing neighbouring Iraq.Before the February 28 onset of the ...
News Iraq » Basra » Economy: Halliburton wins Basra Oil contract for southern Iraq field services
The contract includes field development planning, production optimisation, digital solutions and EPCM services for the two fields.
News Iraq » Basra » Economy: Iraq, Syria revive oil pipeline shut since 2003 in bid to bypass Strait of Hormuz after Iran war disrupts exports
On Friday, Iraq and Syria agreed to revive a long-idled oil pipeline linking northern Iraq to Syria’s Mediterranean coast as Baghdad looks to reduce its reliance on the Strait of Hormuz following ...
News Iraq » Basra » Economy: SOMO clarifies Basra drone incident not a direct attack on terminal
SOMO clarifies Basra drone incident not a direct attack. Iran military action against a Gulf state on July 9 at 99.9% YES.
News Iraq » Basra » Economy: KEPPT appoints J.P. Morgan to arrange financing of its strategic US$1.6bn urea plant in Iraq
KAR Electrical Power Plant Production Trading FZE (“KEPPT”) has engaged J.P. Morgan to arrange development financing for a landmark $1.6 billion urea plant in Basra, Iraq. The agreement marks a ...
News Iraq » Basra » Economy: Middle East oil map changes: How Iraq is using Syria to bypass Strait of Hormuz for petroleum exports
Besides Syria, Iraq is also sending fuel-oil-laden trucks through Jordan, and traders say that small volumes of crude oil — the cornerstone of the economy — are being trucked in the same way.
News Iraq » Basra » Economy: US, Qatari firms to construct Iraqi oil pipeline from Basra to Fishkhabur
A consortium of US-based TI Capital and Chevron, as well as Qatar’s UCC, will construct a strategic oil pipeline from Basra to Fishkhabur.
News Iraq » Basra » Economy: Iraq's oil hub slows to a crawl as Strait of Hormuz shutdown strangles exports
BASRA, Iraq — Iraqi oil fields once alive with the buzz of workers are nearly deserted. Ports that pulsed with the churn of cargo have fallen still, the din of commerce replaced by the soft rhythm of ...
News Iraq » Basra » Economy: Iraqi oil loadings briefly suspended after drone hits tanker at Basra, sources say
Iraq briefly suspended oil loadings after a drone struck an oil tanker. The drone did not cause damage or start a fire at the terminal. Loadings have now resumed at normal rates, according to ...