The latest Syria – Iraq Business News – oil Pipeline, gas, security, trade, & more – brought to you by Iraq Business News
After weeks of declining violence in February, the number of attacks rose once again in Iraq over the last week of the month. At least 53 people were killed and 245 injured in nationwide incidents, which is moderately high, albeit not as high as the figures of over 100 recorded fatalities in some of the […]
There was a fall in the number of attacks recorded in Iraq last week, but the death toll was nonetheless higher than normal following a mass-casualty suicide attack targeting a police academy in Baghdad. In total, at least 45 people were killed and 74 injured in nationwide incidents, of which 19 were killed and 29 […]
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Syrian exports to Iraq reached 20 million dollars in December, half of it from Aleppo, according to Alwatan daily. Aswat al-Iraq says Iraq is a major contact for Syria following sanctions against the regime. (Source: Aswat al-Iraq)
Turkey said it could use Iraq as an alternative trade route, cutting out Syria entirely as Damascus faces broad economic sanctions over its deadly crackdown on its 8-month-old uprising. Syria has been a main transit route for Middle East trade, which Damascus hopes will help cushion the effects of tough new sanctions from the Arab […]
A railway connecting Syria and Iraq will begin operations next year, according to a report from Kuwait’s KUNA news agency. In addition, a direct line connecting Syria’s eastern Deir Al-Zor-Al-Bukamal station to Iraq has been completed, the director general of the Syrian rail company has said. “The rail link is a direct line that will […]
Iraq's oil ministry has signed a final deal with Korea Gas Corp. (KOGAS) to develop its Akkas gas field in the western province of Anbar, according to Reuters. Along with Kazakhstan’s KazMunaiGas, KOGAS won the rights to develop the Akkas field during Iraq’s third energy bidding round last October. But KazMunaiGas pulled out of the […]
Levels of violence rose in Iraq over the past week. Conditions are still quieter than July and June but they have been gradually worsening over the course of September. Last week saw a series of brutal attacks, mainly in the central region, affecting Baghdad and the provinces of Anbar and Babil. Mosul in the north […]
Trade between Iraq and Syria is now running at US$2bn per year, according to a spokesperson for the Iraqi Ministry of Trade. Hashem Hatam said that this does not include trade in oil and gas, according to Aknews. At the same time, events could sour increasing trade between the neighbours. As Syria cracks down on […]
Levels of violence rose slightly in Iraq over the past week although conditions remain quieter than much of the year so far. Fewer than 50 people were killed, which is a moderate figure by Iraqi standards, albeit still abhorrently high. A notable number of the dead and injured were caught up in a double suicide […]
Aswat al-Iraq reports that an Iraqi oil pipeline, carrying crude oil to Syria, was blown up northwest of Mosul on Sunday, stopping oil exports to Syria Ninewa police source said “a group of armed men have blown an oil pipeline carrying crude oil from northwestern Mosul’s Ain-Zalah refinery to Syria”, adding that the explosion took […]
Iraq’s Finance Minister, Rafie al-Issawi (pictured), has discussed with a visiting Syrian delegation in Baghdad on Monday the issue of the abolition of customs charges on all Syrian goods entering Iraq, a Finance Ministry statement reported. “Issawi has received a high-level Syrian economic delegation, and both sides have discussed means for boosting economic and banking […]
