The Latest Iraq Transport News – oil exports, fuel oil, Jordan and more – brought to you by Iraq Business News
By John Lee. The opening of new Iraqi TIR corridors has enabled a dramatic reduction in transit times between Europe and the Gulf Cooperation Council (GCC), with journey durations cut from 24 days to just 10, according to a press release from the International Road Transport Union (IRU). Polish logistics company Milton Group recently completed […]
By John Lee. Qi (International Smart Card), Iraq's largest electronic payment platform, has announced that it has entered into a landmark partnership with K2 Integrity (K2i), a US-based global financial integrity and compliance advisory firm. The multi-year collaboration aims to align Iraq's financial infrastructure with international standards in anti-money laundering (AML) and countering the financing […]
By John Lee. Iraq's Minister of Industry and Minerals, Prof. Eng. Khaled Battal Al-Najm, met with Jordan's Minister of Industry, Trade, and Supply, Eng. Yarub Qudah, to discuss enhancing industrial cooperation. The meeting focused on opportunities for industrial integration and the development of joint projects, highlighting the strong brotherly relations between the two countries. Both […]
By John Lee. The Baghdad Chamber of Commerce has welcomed the Amman Chamber of Commerce's plan to establish a trade office in Baghdad, aimed at strengthening economic and trade cooperation between Iraq and Jordan. During a meeting with Raad Bureij, Vice President of the Baghdad Chamber of Commerce, Amman Chamber President Khalil Al-Haj Toufic emphasized […]
By John Lee. The Iraq-Jordan Joint Trade Committee has concluded its meetings in Baghdad, signing an agreement outlining several mechanisms to enhance bilateral trade and address existing challenges. The committee, holding its first meeting, was chaired by Jordan's Minister of Industry, Trade, and Supply, Yarub Qudah, and Iraq's Minister of Trade, Atheer Dawood Al-Ghurairi. Minister […]
By John Lee. Jordan's state-run Petra News Agency has said that exports to Iraq increased by 45.6 percent in the first 11 months of 2024. Jordan's exports to Iraq: 45.6% increase reaching JD 830 million [$1.2 billion]. Up JD 260 million from JD 570 million in 2023. Jordan's imports from Iraq: Slight decline to JD […]
By John Lee. Iraqi Foreign Minister Fuad Hussein received a copy of the credentials of the new Jordanian Ambassador, Maher Tarawneh, on Sunday. The Minister emphasised that the relations between Iraq and Jordan are historical and solid and extend beyond diplomatic ties to include common geographical ties. He also underlined the importance of enhancing economic […]
By John Lee. Iraqi Prime Minister Mohammed Shia' Al Sudani met with a delegation of Egyptian, Saudi, and Iraqi business leaders specializing in real estate development and integrated smart cities. The delegation included Hisham Talaat Moustafa, Chairman of Egypt's Talaat Moustafa Group (TMG); Suleiman Abdul Qader Al-Muhaidib, Chairman of Saudi Arabian Al-Muhaidib Group, along Essam […]
By John Lee. Jordan's Minister of Energy and Mineral Resources, Dr. Saleh Al-Kharabsheh, announced that from May 4, 2023, to June 30, 2024, Jordan imported approximately 5 million barrels of Iraqi oil. The oil was transported by Iraqi and Jordanian tankers from Kirkuk to the Jordan Petroleum Refinery in Zarqa (pictured). This import is part […]
By John Lee. The Amman Chamber of Industry (ACI)'s exports to Iraq climbed by 9 percent in the first half of 2024. Total exports to Iraq were 440 million Jordanian dinars [USD 621 million], up from 403 million JD for the same period in 2023. This put Iraq in fourth place, behind India, the United […]
By John Lee. Iraq's Minister of Industry and Minerals, Dr. Khaled Battal Al-Najm, discussed cooperation mechanisms with a French company that submitted a proposal for a joint economic city [free zone] between Iraq and Jordan. The discussion was based on inquiries and comments from the Iraqi-Jordanian Company for Industry, which is responsible for reviewing the […]
By John Lee. Jordan's Ministry of Energy and Mineral Resources has announced that Iraq has approved a three-month extension of the Memorandum of Understanding (MoU) for supplying oil to Jordan, under the same contractual terms and price. The Director of Jordan's Oil and Natural Gas Directorate, Engineer Iman Awad, stated that Jordan has completed all […]
