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By John Lee. The President of the Iraqi National Oil Company (INOC) has laid the foundation stone for the $594-million crude oil processing plant at Block 9, within the Al-Fayha Oil Field in Basra Province. Ihsan Abdul-Jabbar Ismail said that the development is important for the production of light oil, with a target for this […] ....
By John Lee. The China National Offshore Oil Corporation (CNOOC) is to press ahead with oil exploration at a 530-km2 offshore block in Basra. Originally agreed in 2019, the work had been delayed due to the COVID-19 pandemic. In parallel, Iraq's state-owned Oil Exploration Company (OEC) will carry out seismic surveys on the adjoining 120-km2 […] ....
By John Lee. Iran's Minister of Roads and Urban Development, Rostam Qasemi, has said the Shalamcheh-Basra railway project, linking Iraq and Iran, will be completed within two years. He added that a joint venture between the Islamic Republic of Iran Railways and Iraqi Republic Railways (IRR) will be set up in two months. The most […] ....
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iran and Iraq again agree to connect their railway networks Both countries pledged to build the Basra-Shalamcheh railway years ago but have yet to do so. Click here to read the […] ....
UNDP Iraq and the Japan International Cooperation Agency (JICA) have signed a renewed partnership agreement to monitor and support acceleration of the implementation of socio-economic infrastructure projects in Iraq. The projects are implemented by the Government of Iraq (GoI) with loan assistance from JICA with the aim of improving the economic recovery and living conditions […] ....