The Latest Iraq Transport News – oil exports, fuel oil, Jordan and more – brought to you by Iraq Business News
By John Lee. A 44,000-tonne shipment of American rice has arrived at the Jordanian port of Aqaba aboard the vessel Equinox Dream (pictured), according to Iraq's General Company for Food Commodities Trading. The company said the shipment arrived despite difficult maritime conditions stemming from regional security challenges affecting shipping in the area. Engineer Lama Hashim […]
By John Lee. The Basra-Haditha pipeline project will reportedly have an export capacity of 2.5 million barrels per day (bpd) and is expected to create around 15,000 jobs for Iraqi workers. The Ministry of Oil spokesman, Sahib Bazoun, told the state-run Iraqi News Agency (INA) that the pipeline will serve as a supplementary overland export […]
By John Lee. US-based Excelerate Energy has reported its financial results for the first quarter ended 31st March, 2026. Regarding its operations in Iraq, the company said: "In October 2025, Excelerate executed a definitive commercial agreement with a subsidiary of Iraq's Ministry of Electricity for the development of the country's first LNG import terminal. The […]
By John Lee. A committee has been formed in Jordan to oversee and expedite transit trade, with a particular focus on goods destined for Iraq. According to Jordan's state-run Petra news agency, the committee will submit operational reports every three days on the movement of goods from the Port of Aqaba to their final destinations, and […]
By John Lee. Tareeq Al Majal has signed a distribution agreement with China's Geely Auto, marking the brand's official return to Baghdad. The agreement was signed by Ali Jaffar, CEO of Tareeq Al Majal, and Tian Jinjun, General Manager of Geely International Middle East. Under the partnership, Tareeq Al Majal will introduce a new Geely […]
By John Lee. Iraq has formed a special committee to oversee the Basra-Haditha multi-directional oil pipeline project, following a meeting chaired by Prime Minister Mohammed Shia' Al-Sudani. The committee will be headed by the Under-Secretary of the Ministry of Oil and will include relevant advisers to the Prime Minister as well as directors-general from the […]
By John Lee. The General Company for Land Transport (GCLT) has marked one year since the launch of the International Road Transport (TIR) system in Iraq, which came into operation in April 2025. According to the company's director-general, Mortada Karim Al-Shahmani, approximately 2,000 transit operations have been completed across Iraqi territory during the first year. […]
By John Lee. Iraq's State Oil Marketing Organization (SOMO) has confirmed that Iraq exported approximately 18 million barrels of oil in March, generating revenues of nearly $2 billion, equivalent to about 28 percent of February's pre-crisis revenues. In a video statement, Director General Ali Nizar Al-Shatri [Shatari] said that SOMO coordinated closely with buyers and increased […]
By John Lee. Iraq's Ministry of Oil has confirmed steps to export oil and oil derivatives via Turkey, Jordan and Syria. According to the state-run Iraqi News Agency (INA), Deputy Minister for Extraction Affairs Bassem Mohammed Khudair said that the State Oil Marketing Organization (SOMO) has begun signing contracts with international carriers and buyers to export […]
By John Lee. The Ministry of Oil has reportedly issued tenders to export Iraqi crude oil through the Syrian port of Baniyas and the Jordanian port of Aqaba, according to Oil Minister Hayan Abdul Ghani. In comments reported by the state-run Iraqi News Agency (INA), Abdul Ghani said Iraq remains heavily dependent on revenues from […]
By John Lee. Iraq Fund for the Recovery of Smuggled Assets has reportedly recovered approximately $379 million in Iraqi funds from abroad, according to its chairman, Mohammed Ali Al-Lami. Speaking to the state-run Iraqi News Agency (INA), Al-Lami said the fund is seeking to sign cooperation agreements with international and local institutions to strengthen its […]
By John Lee. The Ministry of Electricity has said the Iraq-Gulf electricity interconnection project will soon enter service with an initial capacity of 500MW. According to ministry spokesperson Ahmed Mousa Al-Abadi, the project is around 95 percent complete and is currently undergoing final operational procedures before the first phase becomes operational. The ministry also confirmed that […]
