The latest Syria – Iraq Business News – oil Pipeline, gas, security, trade, & more – brought to you by Iraq Business News
By John Lee. Tom Barrack, the United States Ambassador to Türkiye, has been appointed Special Presidential Envoy to both Syria and Iraq, while retaining his ambassadorial post in Ankara. The appointment was announced on Truth Social by President Donald Trump, who said Barrack would operate with the full backing of the US Department of State […]
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. A delegation from Iraq's Ministry of Oil, led by the Director-General of North Oil Company (NOC), Amer Khalil Ahmed, has visited the Iraqi Embassy in Damascus, where it met with the chargé d'affaires. The visit was focused on prospects for co-operation with the Syrian side regarding the reactivation of the Iraq-Syria oil […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Western Pipeline Gambit Faces a Wall of Risk amid Export Crisis The effective closure of the Strait of Hormuz amid the latest round of war between Iran, Israel and the United States […]
From UNHCR: UNHCR IRAQ Monthly Update March 2026 As of the end of March 2026, Iraq generously hosts approximately 350,000 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 asylumseekers live in urban and peri-urban settings, 26% […]
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 […]
