Iraq to Restart Nitrogen Fertiliser Production after 40 Yrs
By John Lee.
Iraq's Minister of Industry and Minerals, Khaled Battal Al-Najm, laid the foundation stone for a new nitrogen fertiliser plant in Abu Al-Khasib, Basra, on Sunday, marking the revival of production after more than 40 years.
The plant, with an annual capacity of one million tonnes, will be developed at a cost of $1.3 billion.
Speaking at the ceremony, the Minister emphasised the environmentally friendly nature of the plant, which will contribute to self-sufficiency in fertilisers and enhance agricultural output.
He also highlighted the role of public-private partnerships in driving industrial growth, highlighting that an Iraqi company, supported by global firms, will lead the project.
(Source: Ministry of Industry and Minerals)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Iraq Business
2 hours ago
- Iraq Business
Iraq Expands Gas Projects to Curb Flaring
By John Lee. As part of Iraq's government-backed gas development programme, the Ministry of Oil has reported significant progress in reducing gas flaring and increasing gas utilisation. It says the Ministry has raised associated gas capture from 53% to 70%, and dry gas production from 1,300 to 1,800 million standard cubic feet per day (mmscfd). Key projects already completed or underway include: The government aims to end routine flaring by 2028 and increase gas output to 3,000 mmscfd by 2030, aligning with Iraq's environmental commitments under the 2016 Paris Agreement. In liquefied petroleum gas (LPG), production rose from 2 million tonnes in 2024 to 3 million tonnes in 2025. Exports also surged from 250,000 tonnes in 2023 to 1 million tonnes in 2025. LPG systems were installed in over 41,000 homes and more than 38,000 vehicles. To expand storage capacity, the Ministry completed 8 of 16 spherical LPG tanks, each with a 3,000-cubic-metre capacity, adding 24,000 cubic metres overall. The Ministry reiterated its commitment to maximise national resource utilisation, enhance electricity supply, and boost petrochemical production. Gas field contracts under the 5th and 6th licensing rounds have been awarded to international companies, alongside dozens of investment agreements to develop both associated and free gas resources. (Source: Ministry of Oil) Tags: Akkas, Artawi, ArtawiGas25, Basra Gas Company, Basra News, BGC, carbon emissions, cg, Faihaa, featured, Garraf, gas capture, gas flaring, gas production, Gharaf, Gharraf, HaLFAYA, LPG, Nassiriyah, Paris Agreement, Ratawi, TotalEnergies
Iraq Business
2 hours ago
- Iraq Business
Iraq Prepares 97 Industrial and Agricultural Projects
By John Lee. As part of preparations for the Iraq Investment Forum, scheduled for 14-15 June in Baghdad, the Operations Room of the National Investment Commission (NIC) held an extensive meeting to review investment opportunities submitted by the Ministries of Industry and Minerals and of Agriculture. 97 Strategic Opportunities The review covered 97 industrial investment opportunities worth an estimated 4 trillion Iraqi dinars. These include: Rehabilitation and development of public sector companies into profitable entities via strategic partnerships with the private sector. Establishment and expansion of industrial and economic cities. Projects in petrochemicals and fertilisers. 21 targeted opportunities in heavy and medium industries. In the agricultural sector, promising investment opportunities include: Crop and livestock production. Modern irrigation systems. Agricultural mechanisation. Development of food processing and packaging complexes, supporting food security and value-added outputs. The NIC emphasised the importance of aligning the national investment map with state priorities in productive sectors and food and industrial security. The Commission called for streamlined investor procedures in coordination with relevant ministries to ensure the readiness of projects before their presentation at the forum. The meeting was attended by members of the NIC Operations Room, representatives from the Iraqi Economic Council, and officials from the sectoral ministries. (Source: NIC)
Shafaq News
10 hours ago
- Shafaq News
Iraq's President in France for UN ocean summit
Shafaq News/ Iraqi President Abdul Latif Rashid arrived in France on Sunday to attend the United Nations Ocean Conference, where he is expected to meet French President Emmanuel Macron for high-level discussions. The conference brings together world leaders to address marine pollution, climate resilience, and the sustainable management of ocean resources. An Iraqi official familiar with the visit indicated that discussions with the French side are expected to focus on infrastructure initiatives, expanding environmental cooperation, and following up on previously signed agreements. Earlier today, President Rashid emphasized Iraq's interest in strengthening its partnership with France, reiterating a commitment to cooperation across political, environmental, and economic spheres. He also reaffirmed Baghdad's policy of neutrality in global affairs, pointing to strategic partnerships as a means to advance the country's economic reform agenda. The visit follows earlier discussions between Macron and Iraqi Prime Minister Mohammed Shia al-Sudani, who met in March to review the $17B Development Road project. The initiative aims to link Asia and Europe through Iraq, with the potential to generate up to one million jobs. Since 2023, Iraq and France have formalized a series of agreements spanning energy, defense, and transportation. Baghdad is currently preparing to host an Iraq–France business forum, an event designed to enhance private-sector ties and attract new investment.
