Saturday 31 January 2015
 
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Basra

Shell to build $11bn petchem plant in Iraq

Royal Dutch Shell has signed a deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser Al-Esawi said on Wednesday. Al-Esawi told a press conference in Baghdad the

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Shell to build $11bn petchem plant in Iraq

Royal Dutch Shell has signed a deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser Al-Esawi said on Wednesday. Al-Esawi told a press conference in Baghdad the

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Iraq's Somo sees average December oil exports from Basra topping 2.6 mbpd

The head of Iraq's state oil marketing body, Somo, said that he expected average December oil exports from Basra to top 2.6 million barrels per day (mbpd).   Falah Al Ami

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Iraq sets bigger discount for heavy Basra crude exports

Iraq will give a bigger discount for heavy crude that it exports from its southern ports in Basra next year, three sources with knowledge of the matter said.   The move is ai

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Iraq oil exports steady despite unrest

Iraq's current southern oil output and export levels, given by the country's oil minister yesterday, indicate that fighting and unrest has not derailed an expansion of supplies from Opec's second-largest producer. The

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Transworld, Nawah partner to serve Iraq’s cargo demands

Dubai-based companies Transworld Group and Nawah Port Management have entered into a formal agreement to service Iraq’s growing demand for imports, linking their shipping, logistics, marine services and port capabilities. As

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BP operations in Iraq 'so far unaffected'

BP chief executive Bob Dudley said on Tuesday the oil company's operations in Iraq were so far unaffected by violence in the country. "We are just very vigilant in Iraq. Non-essential production people have left but opera

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Iraq's southern oil facilities 'very, very safe'

Iraq's southern oil export facilities, currently its only export outlet, were secure, with shipments now running at around 2.6 million barrels per day, Oil Minister Abdul Kareem Luaibi said on Wednesday. An Al Qaeda splinter g

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Basra Light crude exports to rebound in April

Iraqi exports of medium sour Basra Light crude oil will rebound in April to 2.58 million barrels per day (bpd), trade sources said on Tuesday. The OPEC producer is reclaiming its rank as the world's fastest-growing oil exporter afte

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Nawah in key UAE shipping route push

North America Western Asia Holdings (Nawah), a leading player in port management business, said it has completed the offloading of the third container vessel which runs weekly service between the UAE and the company’s hitech container term

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