The Latest Iraq Transport News – oil exports, fuel oil, Jordan and more – brought to you by Iraq Business News
By John Lee. Oil exports from Iraq to Jordan have been halted due to deteriorating security in Anbar province, according to a report from Reuters. A spokesman for the Ministry of Oil said: "Due to security developments in Anbar and because the transfer of oil to Jordan is done by truck, which needs safe passage […]
The Oil and Energy Committee of the Iraqi parliament has decided to approve a government request to increase the discount on oil exports to Jordan from $18 per barrel to $20 per barrel. Iraq also supplies Jordan with natural gas, liquefied petroleum gas and heavy fuel, but according to a report from Azzaman, the quantities […]
By John Lee. Jordan and Iraq have agreed on executing an oil pipeline to export Iraqi oil through Jordan. KUNA reports that the agreement came after a high-ranking joint meeting attended by the energy ministers of the two countries. The pipeline will pump one million bpd of Iraqi crude to the Red Sea port of […]
By John Lee. Transport officials from Iraq, Egypt and Jordan recently held talks with a view to improving cooperation. Jordan's Petra news agency reports that the talks were held on the sidelines of the meetings of the General Assembly of the Arab Bridge Maritime Company, held recently in Cairo. Among the items discussed were a […]
A high-level Jordanian delegation headed by the Prime Minister of Jordan, Mr. Abdullah Alnusur, arrived on December 25th accompanied by eight ministers and a number of senior advisers. The delegation was received at the airport in Baghdad, by Foreign Minister Hoshyar Zebari and Minister of Youth and Sports. A formal reception took place at the […]
By John Lee. Aljazira Capital has raised its rating on Astra Industrial Group to overweight from neutral after the Saudi industrial conglomerate started a new steel millin Iraq. The Jeddah-based investment bank was initially expecting the melt shop of 450,000 metric tons/year of billet and mill of 300,000 mt/y of rebar to begin operations in […]
By John Lee. Zagrosjet has added a further destination from its base at Erbil in Iraq. On Monday the airline launched thrice-weekly flights to Amman in Jordan using its Airbus A321. Competition on the route is provided by Royal Jordanian, with nine weekly flights, Iraqi Airways with three, and Royal Falcon with two. (Source: anna.aero)
By John Lee. The Wall Street Journal and Reuters report that Iraq has shortlisted 12 international companies to build the new $18-billion oil export pipeline to Jordan, the country's first such pipeline in decades. Iraq's oil ministry has chosen these companies from a list of more than 80 international firms which submitted their credentials to build […]
By John Lee. The Royal Jordanian Air Academy in Amman, Jordan, has won a firm-fixed-price contract valued at $12,789,935 for English language and technical training to Iraqi Air Force students. Training will be at the Royal Jordanian Air Academy, and is expected to be completed by Aug. 8, 2014. (Source: U.S. Department of Defense)
By John Lee. Forty companies are reported to be bidding for contracts to build and finance the new pipeline from Haditha to Jordan’s Red Sea port of Aqaba (pictured). Nateq Balasem Khalaf, deputy director general of the state State Company for Oil Projects (SCOP), told Bloomberg that Citibank is among the bidders, adding that other […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. An official from the Anbar province, which is located about 100 kilometers (62 miles) west of the Iraqi capital, said that the central government in Baghdad is trying to punish the […]
By John Lee. Iraq has re-opened its border crossing point with Jordan on Monday, the state-run Petra news agency reported. Jordan's Ministry of Transport said that the movement of people and goods through the Traibil [Turaybeel, Tirbil, Tarbiel, Trebil] border post (pictured) had returned to normal. Iraqi authorities closed the border for security reasons in […]
