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By John Lee. Oil pumping from Iraq to Turkey was suspended temporarily on Monday due to a pipeline fire in Turkey. The fire occurred in Dorkulu village, near the town of Slopi in Turkey's Sirnak province. It is understood that the fire has been extinguished, but the loading of tankers at Ceyhan port has been […]
By John Lee. Estimates vary as to when oil will flow again through the pipeline that runs from Kirkuk to the Turkish port of Ceyhan (pictured), following the attack that halted exports on Sunday. Dow Jones quotes a shipping agent as saying on Wednesday that pumping is not expected to resume until he weekend. Reuters, […]
By John Lee. Reuters reports that the Kirkuk-Ceyhan pipeline was bombed on Sunday night, knocking out flows. Officials from the Turkish Energy Ministry said on Monday that repairs could take up to 10 days. The blast occurred in Mardin province, north of Turkey's border with Syria. The outlawed Kurdistan Workers Party (PKK) was behind the […]
By Shalaw Mohammed. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Oil smuggling is virtually a tradition in the oil-producing areas of Iraq. And local authorities are trying to prevent it. But, as this tale of oil […]
By John Lee. Turkey's Energy Minister, Taner Yildiz, said the ministry has started technical work with Iraq's central government on shipping crude oil from Basra, in southern Iraq, via the Kirkuk-Ceyhan pipeline to Turkey's Mediterranean coast, according to Reuters. The announcement came days after the KRG said it might sell natural gas directly to Turkey […]
Iraq's State Company for Oil Projects (SCOP) will offer the construction of the Kirkuk oil refinery to international companies on a build, operate and own (BOO) basis in December 2012, according to a report from Steel Guru. The report quotes Mr Salar Ameen, deputy chairman of the National Investment Commission (NIC) as saying that "feasibility […]
Levels of violence rose in Iraq last week. AKE documented more incidents than in any other seven-day period since the March 2010 elections. At least 137 people were killed and 307 injured in nationwide attacks. This is the highest figure recorded in any week since May 2010. Over the course of the week a total […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Conditions seemed relatively quiet in Iraq for most of last week until a co-ordinated spate of bombings hit the capital on 31 May. Otherwise, the total number of attacks recorded countrywide fell by almost half. At least 31 people were killed and 74 injured in nationwide incidents. Across the country a total of 21 bomb […]
Levels of violence fell slightly in Iraq last month. Over the course of May AKE documented at least 162 separate attacks around Iraq. Incidents left at least 223 civilians and members of the security forces dead. Dozens more injured and the figure does not include militants and terrorists killed in police or army operations or […]
Iraq has signed a $55 million contract with Turkey’s Bilal Insaat to build 1,200 housing units in the northern province of Kirkuk, according to the Kirkuk Investment Commission. The residential compound, to be caalled New Haweeja City, will be completed within 30 months in al-Haweeja town in Kirkuk province. According to the report from Bloomberg, […]
Levels of violence fell slightly in Iraq last week. At least 43 people were killed and 125 injured in nationwide incidents. A total of 43 bomb attacks left 24 people dead and 106 injured. There were no suicide bombings recorded although a number of militants were killed whilst handling explosive devices that detonated prematurely. A […]
