Latest news with #KhorAlZubair
Zawya
30-06-2025
- Business
- Zawya
Iraq set to launch first LNG import terminal
Iraq is moving closer to launching its first liquefied natural gas (LNG) import terminal as it advances negotiations with US-based Excelerate Energy, officials have said. Shafaq news agency quoted officials as saying the state-run South Gas Company is overseeing the project, which centers on establishing a floating storage and regasification unit (FSRU) at the Khor Al-Zubair port in Basra. The proposed facility would enable the country to receive, store, and convert LNG into natural gas for use in its power sector, the report said. Excelerate Energy, which develops and operates floating LNG terminals and infrastructure, is one of the top bidders for the project, and discussions are reportedly in an advanced phase. (Writing by Nadim Kawach; Editing by Anoop Menon) ( Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
Zawya
09-05-2025
- Business
- Zawya
Iraq's SOMO offers fuel oil term supplies for second-half of 2025, sources say
SINGAPORE - Iraq's state-owned marketer SOMO has offered a term contract to supply high-sulphur fuel oil between July and December 2025, according to industry sources. The fuel oil will be lifted from the Khor al-Zubair (KAZ) ship-to-ship transfer port, with a volume of about 142,500 metric tons per month. The tender will close on May 18, with a validity of up to 20 days. (Reporting by Jeslyn Lerh; Editing by Sonia Cheema)
