The Latest Iraq Transport News – oil exports, fuel oil, Jordan and more – brought to you by Iraq Business News
By John Lee. The Kurdistan Regional Government (KRG) has suggested establishing a special area for Jordanian industries in the region. Aswat al-Iraq reports that during the visit of 42 Jordanian businessmen and exporters, discussions were held to enhance private sector trade relations. The visit was organized by Jordanian Capital Bank, the fourth in Jordan, with […]
By John Lee. The Iraqi cabinet decided on Tuesday to give neighboring Jordan 100,000 barrels of oil as a gift to help it overcome its economic difficulties. According to a report from Businessweek, the move could be seen as an attempt by the Shiite-led Iraqi government to offer support to one of its Sunni neighbors. […]
By John Lee. Iraq is to increase export oil exports to Jordan from 10,000 barrels per day to 15,000 bpd at a discounted price, Jordanian Energy Minister Alaa Batayneh said. Following repeated requests by the kingdom, the two countries have agreed that Iraq will sell the additional 5,000 barrels a day at a discount of […]
By John Lee. Iraq and Jordan have agreed to build a pipeline to supply Jordan with crude oil and natural gas, according to Petra, the Jordan News Agency. Iraqi Oil Minister Abdul Karim Luaibi [Elaibi] said that the pipeline would carry crude oil to the Jordanian refinery in Zarqa for use in Jordan, and to […]
By John Lee. A spokesman for Jordan's Energy Ministry says the Ministry will choose a company this month to transport 10,000 bpd of Iraqi crude oil b truck. Fayez Abu Gahud told Bloomberg: “The tenders committee is currently looking into financial bids submitted to the energy ministry and will announce the winning bidder as soon […]
AKnews reports that a joint business delegation from Jordan and Palestine will arrive in Iraqi Kurdistan Region this week for a business conference. Dara Jalil Khayyat, head of the Kurdistan Union of Chambers of Commerce and Industry, said fifteen businessmen from Jordan and two from Palestine will arrive on Tuesday, and will hold an economic […]
UPI reports that the Iraqi and Jordanian governments plan to meet in July to discuss the building of a natural gas pipeline between the countries. As its current supplies of natural gas from Egypt are unreliable, the Jordanian government has been considering securing natural gas supplies from other neighbouring countries. Last week, Iraq approved a […]
The former CFO of Australia's AWB has admitted to authorising payments to Saddam Hussein's Iraqi government. According to a report in the Herald Sun, Paul John Ingleby, aged 60, admitted he failed to "join the dots" and question payments disguised as inland transport fees before approving the transactions which ultimately went to Hussein's regime. The […]
According to a report from AKnews, Iraq's Council of Ministers has agreed to authorize the Minister of Oil to sign a memorandum of understanding with the Ministry of Energy and Mineral Resources in Jordan in the areas of oil and energy. The five-year agreement includes the construction of a pipeline to transport crude oil and […]
Red double-decker buses to returned to Baghdad's streets this week, a colourful sign that the country is moving towards normality. Once a distinctive feature of the capital, the red buses with long white and black stripes disappeared after the 2003 invasion, and were either stolen or broken down. Hadif Omran, an official in a state-run […]
Iraq's Transport Ministry said it has agreed to increase the number of flights between Iraq and Jordan. There will be four trips weekly between Amman and Mosul, and five between Amman and Najaf. According to the report from Aswat al-Iraq, the Jordanian side has agreed to facilitate granting visas to Iraq. The ministry added that […]
Production at the East Baghdad oilfield has reached 10,000 barrels per day, according to Aswat al-Iraq. "The East Baghdad oilfield is the biggest in Iraq and Iraqi and Jordanian companies are drilling wells in it," Essam Jihad told the news agency. "The ministry has mapped out a plan to develop it and signed a contract […]
