The Latest Iraq Transport News – oil exports, fuel oil, Jordan and more – brought to you by Iraq Business News
By John Lee. According to Jordan's state-run Petra news agency, financial and banking experts and representatives of international financial institutions convened on the sidelines of the 2026 Franchise and Trade Agencies Exhibition in Amman to discuss expanding economic cooperation between Jordan and Iraq. The dialogue session, titled "Financing Mechanisms, Banking Facilities and the Role of […]
By John Lee. Iraqi Parliament Speaker al-Halbousi has concluded an official visit to Jordan, during which discussions focused on strengthening bilateral cooperation in energy, trade, investment and transport. Al-Halbousi met with King Abdullah II, Jordanian House of Representatives Speaker Mazen al-Qadi, Prime Minister Dr Jafar Hassan, and Senate President Faisal al-Fayez. Talks with al-Fayez at […]
By John Lee. The World Bank has approved a $900 million financing package to rehabilitate and expand key road corridors in Iraq, with the aim of improving domestic mobility, regional integration, and job creation. The Board of Executive Directors approved the Iraq Transport Economic Corridors (ITREC) project on Thursday. According to the World Bank, the […]
By John Lee. The German Liaison Office for Commerce & Industry in Iraq (AHK Iraq) has announced three new corporate partners specialising in project management, engineering services, and industrial equipment. Omid Project Management (OPM Group) has joined as a Silver Partner. The company is an international project management consultancy and EPCM provider with expertise in: […]
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 […]
