The latest Syria – Iraq Business News – oil Pipeline, gas, security, trade, & more – brought to you by Iraq Business News
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 […]
The Iraqi government says it will dig 1000 wells every year to address the drought that has depleted much of Iraq’s water resources. Director of planning at the Ministry of Water, Ali Hashim, said it has completed 500 wells throughout the Iraqi provinces. "The ministry intends to make more effort to exploit groundwater for human […]
The energy ministers of Iraq, Iran and Syria will sign a contract for transporting Iranian gas to the Middle East and Europe, an Iranian official said on Tuesday. Javad Oji, Iran's deputy oil minister, told the Iranian news agency Mehr that senior officials from the three countries met in Baghdad last week to discuss the […]
Syria's Minister for Petroleum, Sufian Allao [Aloa] (pictured), and visiting Iraqi Minister for Oil, Abdul Kareem Luaibi [Elaibi], met on Sunday to discuss ways of further bolstering bilateral cooperation in oil, gas and mineral resources. They also discussed a possible 'reoperation' of a Syrian-Iraqi oil pipeline once it is rehabilitated, and closer cooperation between both […]
Syria and Iraq have reached a final agreement to build two oil pipelines and a gas pipeline between their two countries, and tender invitations will be issued soon, Syrian Oil Minister Sufian Alao [Suffian Alao] (pictured) was quoted as saying on Tuesday. Alao was quoted by Syrian newspaper Al-Thawra as saying an existing oil pipeline […]
Reuters reported on Tuesday that Syria has lifted visa restrictions on Iraqi nationals in a sign of improving ties between the two neighbours. Syria’s official news agency said a cabinet decision will make it possible from 1st February for any Iraqi to apply for a visa at the border, instead of from the Syrian embassy […]
Iran has signed a preliminary agreement to build a natural-gas pipeline to export the fuel to Syria through Iraq, the Syrian Arab National Agency has reported. The accord, signed on Thursday during Iranian Oil Minister Masoud Mir-Kazemi's visit to Syria, also provided for further cooperation in the construction of an oil refinery in Syria with […]
