The latest Syria – Iraq Business News – oil Pipeline, gas, security, trade, & more – brought to you by Iraq Business News
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 Rabia border crossing between Iraq and Syria has reopened after 13 years, restoring a key trade route between the two countries. The reopening follows the completion of rehabilitation and reconstruction works covering infrastructure and service facilities, reflecting improved security conditions in border areas and a broader push to strengthen regional trade […]
By John Lee. The first shipments of Iraqi oil were loaded at Syria's Baniyas [Banias] port on Thursday, marking the launch of a new export route to European markets, according to the State Oil Marketing Organization (SOMO). The development establishes a new Mediterranean outlet for Iraqi oil exports, enabling access to European refineries and consumers. […]
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 […]
From UNHCR: UNHCR IRAQ Monthly Update February 2026 As of the end of February 2026, Iraq generously hosts over 351,000 refugees and asylum-seekers, the majority (88%) of whom are Syrians. Close to 81% of this population resides in the Kurdistan Region of Iraq. While most refugees and asylum-seekers live in urban and peri-urban settings, 26% […]
By John Lee. The Al-Waleed border crossing has been reopened on a trial basis for the transit of crude oil tankers between Iraq and Syria, according to local officials. Mujahid Mardhi Al-Dulaimi, Director of Al-Waleed district, told state-run Iraqi News Agency (INA) that operations began with the initial movement of tankers across the border, marking […]
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 […]
From UNHCR: UNHCR IRAQ Monthly Update January 2026 As of the end of January 2026, Iraq generously hosts over 350,110 refugees and asylum-seekers, the majority (88%) of whom are Syrians. Close to 81% of this population resides in the Kurdistan Region of Iraq. While most refugees and asylum-seekers live in urban and peri-urban settings, 26 […]
By John Lee. Belgium has contributed €1.35 million in 2025 to the United Nations Mine Action Service (UNMAS) to support humanitarian demining operations in Iraq and Syria. According to the Belgian Ministry of Foreign Affairs, the latest allocation brings Belgium's total investment in mine countermeasure initiatives in the two countries to more than €13 million […]
By John Lee. An Iraqi-Emirati consortium is reportedly planning a $700 million subsea and terrestrial data cable linking the United Arab Emirates to Turkey via Iraq. Branded WorldLink, the project comprises Tech 964 (T964), headed by Ali Elakabi [ALMCO, Amwaj International], Iraq-based DIL Technologies and UAE-based Breeze Investments. Click here to read the full article […]
