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SAFEEN Group to provide Fuel Oil Transport to Iraq

AD Ports Group‘s (ADPORTS) SAFEEN Group and Amaan Baghdad Company have signed an agreement to support a new project relating to fuel oil transport and storage from Khor Al Zubair and Umm Qasr oil terminals in Iraq.

The project represents a significant extension of SAFEEN Group’s portfolio of dedicated products and services into the oil and gas sector and is part of its ongoing expansion in the key market of Iraq.

Under the terms of the agreement, SAFEEN Feeders, a subsidiary of SAFEEN Group, will manage the entire project, providing three Very Large Crude Carriers (VLCCs) and one Medium Range (MR) tanker.

Working with Amaan Baghdad Company, SAFEEN Feeders will transport fuel oil from terminals in Port of Khor Al Zubair and Umm Qasr South Port to Iraqi territorial waters using the MR tanker. The fuel oil will then be transferred and stored on the VLCCs, which will serve as floating fuel tanks with monthly delivery capacity of 750,000 tonnes.

The agreement is secured at competitive rates, providing flexibility for the Iraqi partners, and ensuring a favourable rate of return for SAFEEN Group, which will not engage CapEx in this transaction.

Captain Ammar Mubarak Al Shaiba, Acting CEO of the Maritime Cluster and SAFEEN Group, AD Ports Group, said:

“We are pleased to complete this new agreement to support a major fuel oil transport and storage project in Iraq. The energy sector is an important growth market for SAFEEN Group, and this project demonstrates our expertise in this area as well as the extent and sophistication of our fleet. 

“At the direction of our wise leadership, SAFEEN Group is expanding its global footprint to provide key maritime services to companies around the world. This agreement underlines our capacity to tailor solutions to the specific needs of companies in the oil and gas industry and marks an important extension of our presence in Iraq.“

Fadie Fouad, CEO Amaan Baghdad Company, said:

“We have selected SAFEEN Group based on its comprehensive suite of world-class marine services and the expertise of the dedicated team who will manage this project. The global fuel oil market has been volatile in 2022, and this additional storage capacity will support Iraq’s competitive offering.”  

In addition to this new agreement, SAFEEN Feeders supports a weekly container service that connects Iraq with global markets. The company continues to look for opportunities to support the growth and diversification of maritime trade for Iraq.

(Source: AD Ports)

The post SAFEEN Group to provide Fuel Oil Transport to Iraq first appeared on Iraq Business News.

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SAFEEN Group to provide Fuel Oil Transport to Iraq

AD Ports Group‘s (ADPORTS) SAFEEN Group and Amaan Baghdad Company have signed an agreement to support a new project relating to fuel oil transport and storage from Khor Al Zubair and Umm Qasr oil terminals in Iraq.

The project represents a significant extension of SAFEEN Group’s portfolio of dedicated products and services into the oil and gas sector and is part of its ongoing expansion in the key market of Iraq.

Under the terms of the agreement, SAFEEN Feeders, a subsidiary of SAFEEN Group, will manage the entire project, providing three Very Large Crude Carriers (VLCCs) and one Medium Range (MR) tanker.

Working with Amaan Baghdad Company, SAFEEN Feeders will transport fuel oil from terminals in Port of Khor Al Zubair and Umm Qasr South Port to Iraqi territorial waters using the MR tanker. The fuel oil will then be transferred and stored on the VLCCs, which will serve as floating fuel tanks with monthly delivery capacity of 750,000 tonnes.

The agreement is secured at competitive rates, providing flexibility for the Iraqi partners, and ensuring a favourable rate of return for SAFEEN Group, which will not engage CapEx in this transaction.

Captain Ammar Mubarak Al Shaiba, Acting CEO of the Maritime Cluster and SAFEEN Group, AD Ports Group, said:

“We are pleased to complete this new agreement to support a major fuel oil transport and storage project in Iraq. The energy sector is an important growth market for SAFEEN Group, and this project demonstrates our expertise in this area as well as the extent and sophistication of our fleet. 

“At the direction of our wise leadership, SAFEEN Group is expanding its global footprint to provide key maritime services to companies around the world. This agreement underlines our capacity to tailor solutions to the specific needs of companies in the oil and gas industry and marks an important extension of our presence in Iraq.“

Fadie Fouad, CEO Amaan Baghdad Company, said:

“We have selected SAFEEN Group based on its comprehensive suite of world-class marine services and the expertise of the dedicated team who will manage this project. The global fuel oil market has been volatile in 2022, and this additional storage capacity will support Iraq’s competitive offering.”  

In addition to this new agreement, SAFEEN Feeders supports a weekly container service that connects Iraq with global markets. The company continues to look for opportunities to support the growth and diversification of maritime trade for Iraq.

(Source: AD Ports)

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Iraq Buys New Ships for Port Maintenance

By John Lee.

Iraq’s Ministry of Oil is increasing its in-house capacity to maintain its export terminals in southern Iraq, with the acquisition of new purpose-built ships.

The Executive Director of the Iraqi National Oil Company (INOC), Hamid Younis, said that Safwan (pictured) will arrive in the coming days. It has the capability to assist with maintenance of export facilities, in addition to fighting fires and generating electric power for emergency situations. Built by the Korean company ENM, it has an integrated diving system, and is particularly suited to the maintenance of single-point moorings (SPMs).

It joins the Abu Al-Fadl, which has already entered service, and which was designed for maintenance and treatment of oil spills in regional waters.

A third vessel, the Shanasheel, is hoped to enter service in March of next year. Larger than the other two, as it will carry out major maintenance works for the ports and can accommodate staff working in ports and loading platforms.

The acquisition by the Ministry and the  of these vessels is intended to reduced the costs currently paid to foreign companies.

(Source: Ministry of Oil)

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Inaugural Flight from Hyderabad to Baghdad

By John Lee.

GMR Hyderabad International Airport Ltd. (GHIAL) inaugurated the maiden direct flight service from Hyderabad to Baghdad on Sunday.

According to a press release, Fly Baghdad‘s maiden flight IF 462 took off at 15.17 hours from Hyderabad International Airport.

The flight will operate between Hyderabad and Baghdad twice a week, on Sundays and Tuesdays.

Flight IF 461 will arrive at GMR Hyderabad International Airport at 09.55 hours on Tuesdays. The return flight IF 462 will depart from Hyderabad at 10.55 on the same day.

On Sundays, flight IF 461 will arrive at HYD Airport at 11.55 hours and flight IF 462 departs at 12.55 hours.

Flights to India from Baghdad are popular among the Iraqis seeking medical treatment. The data released by the Union Tourism ministry shows medical tourists visiting India from Iraq comprised over 10% and is gradually growing.

(Source: GHIAL)

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Iraq Clamps Down on Oil Smugglers

By John Lee.

As part of the national campaign to eliminate the smuggling of oil derivatives, five vehicles prepared for smuggling were seized and four people were arrested in Salah al-Din Governorate.

Four large storage tanks were also seized at the smugglers’ base.

A further four premises were seized in raids in Nineveh, Anbar, Babil and Basra, resulting in the arrest of five suspects and the seizure of large-capacity iron tanks loaded with 20 petroleum products, in addition to caravans and other materials used in the process of smuggling and illegal trade.

(Source: Ministry of Oil)

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AirSada Medevac: Keeping your People Safe in Iraq

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Being a success means employing the best staff, and the best staff will always go where they are valued and looked after.

That just one reason why AirSada‘s medevac services are essential to your operations in Iraq.

Working in collaboration with Medical Park Group, we provide 24/7 air ambulance services with super-fast response times, so you can be assured that your people are in the best hands.

Founder and CEO Tolga Urcu commented:

“Employees and their families need to know that they’ll be taken care of in the event of an emergency, and we are passionate about making sure that happens.

“Our recent service agreements with JGC and Hyundai show that we’re the go-to supplier for this essential service in Iraq, and we’re proud of our growing reputation for excellence.“

Contact us now, and let us show you how AirSada can make a real difference to your business:

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The post AirSada Medevac: Keeping your People Safe in Iraq first appeared on Iraq Business News.

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AirSada wins Medevac Contract with Hyundai in Basra

By John Lee.

The Turkish-based private jet charter company AirSada has won a second contract to supply medical evacuation (medevac) services, this time to South Korea’s Hyundai Engineering and Construction in Iraq.

The contract with AirSada, which runs to September 2025, includes air ambulance and medical treatment services.

It was signed by Mr Tolga Urcu, CEO of AirSada, and Mr Joonhwi Lee, Project Manager for Hyundai in Basra.

Earlier this year, the company won a similar contract with Japan’s JGC Corporation.

(Source: AirSada)

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Iraq Dust Storm puts 5,000 in Hospital

By John Lee.

Iraqi media reports that one person has died and more than 5,000 have been hospitalised on Thursday as a result of the latest dust storm.

The dust storm is the seventh this month, with some experts believing they are becoming more frequent due to climate change.

Road and air transport has been disrupted.

Areas affected include Baghdad, Najaf and Anbar.

(Sources: INA, AP, AFP, BBC)

(Picture: A dust storm approaching Al Asad military base in 2005, taken by Corporal Alicia M. Garcia, U.S. Marine Corps)

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Latest Iraq COVID Travel Guidelines

The Iraqi Civil Aviation Authority (ICAA) has released its latest vaccination guidelines.

The guidelines state that, from 1st April, Iraqi and foreign travelers above the age of 12 who have received one dose of Johnson & Johnson or two doses of any other vaccine will no longer require evidence of a recent negative PCR test when traveling.

In cases where an individual cannot receive a vaccine, proof of a negative PCR test conducted in the previous 72 hours will be required.

(Source: KRG)

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Pressure to Open Borders for Pilgrims despite Pandemic

By Hassan Ali Ahmed, for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News.

Iraq under pressure to open borders for Shiite pilgrims despite pandemic

While the Iraqi government attempts to prevent the spread of the delta variant from Iran, there is internal and external pressure to open its borders for Shiite pilgrims to visit the holy cities of Karbala and Najaf.

Click here to read the full article.

The post Pressure to Open Borders for Pilgrims despite Pandemic first appeared on Iraq Business News.