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By John Lee. The Association of the Petroleum Industry of Kurdistan (APIKUR) has said that spending on the oil industry in Iraqi Kurdistan has been cut by $400 million as a result of the closure of the Iraq-Turkey pipeline (ITP). Full statement from APIKUR: The Association of the Petroleum Industry of Kurdistan (APIKUR) notes that […]
By Firas Elias for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Hakan Fidan and the New Turkish Diplomacy in Iraq As Minister of Foreign Affairs, Hakan Fidan (pictured) will have to navigate urgent changes and new […]
By John Lee. Canadian oil development and exploration company ShaMaran Petroleum has announced that all non-essential capital expenditures in the Atrush block (pictured) have been cancelled or postponed, while it engages with bondholders to seek additional balance-sheet flexibility. The company's operations remain heavily impacted by the continued closure of the Iraq-Turkey pipeline (ITP), connecting Iraq's […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Will Turkey agree to resume oil shipments from northern Iraq? The transfer of crude oil from Iraq to Turkey remains suspended, almost four months after an arbitration ruling found that Ankara […]
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Turkey extends flight ban on Iraqi Kurds' Sulaimaniyah airport over alleged PKK support Turkey said its latest ban is in response to "the intensification of activities by the PKK […]
By Mehmet Alaca for the Arab Gulf States Institute in Washington (AGSIW). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Turkey's Spymaster-Turned-Foreign Minister Could Reshape Iraq Policy While Turkey's new foreign minister may reshape its Iraq policy, Ankara will likely prioritize economic relations above all […]
By Dana Taib Menmy for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. 'Route of Development': Is Iraq's $17 billion road and rail mega-project feasible? Iraq's 'Route of Development' ["Development Road"; "Dry Canal"] is ambitious, but an unstable political and security […]
From Tasnim, under Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Blaming Turkey as the main culprit for the shortage of water in Iraq, the Arab country's minister of water resources said Iraq is seeking joint projects with Iran, including construction […]
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Erdogan, Barzani meet in Ankara as Iraqi oil exports via Turkey remain frozen Prime Minister Masrour Barzani of the Kurdistan Region of Iraq met with Turkish President Recep Tayyip […]
On Tuesday, June 20, 2023, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) met with President Recep Tayyip Erdogan of the Republic of Türkiye in Ankara. At the start of the meeting, Prime Minister Barzani extended his congratulations to President Erdogan on his victory in the recent elections and conveyed his sincere hopes […]
By John Lee. The government of Iraq announced more details this week on its plans to create a transport corridor between the Persian Gulf and the Mediterranean Sea coast in Turkey. The 1,200-kilometer "development road project", sometimes referred to as the "dry canal project", will link Iraq's Grand Faw port, which is still under construction, […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq signs contracts with buyers of Kurdistan Region's oil: Minister Iraq's oil minister on Thursday told Rudaw that they have signed contracts with four companies to buy about half a million barrels of the […]
