The latest news on Turkey – Iraq business – air Industry, infrastructure & more – brought to you by Iraq Business News
By Fehim Tastekin for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Turkey has launched an effort to help resolve the water problem of neighboring Iraq amid bilateral tensions over decreasing flow rates in the Tigris and Euphrates rivers, whose waters the two countries share. President […]
By John Lee. Iraq’s Ministry of Oil has announced final oil exports for December of 115,517,974 barrels, giving an average for the month of 3.726 million barrels per day (bpd), a increase from the 3.377 bpd exported in November. These exports from the oilfields in central and southern Iraq amounted to 112,450,367 barrels, while exports by […]
By John Lee. Turkey’s ban on flights to Sulaymaniyah, in Iraqi Kurdistan, will reportedly be lifted. The country's Transport Minister, Cahit Turhann told Anadolu Agency: "Turkish Airlines will resume its flights from Istanbul to Sulaymaniyah [on Friday], seven flights a week." According to Rudaw, Ankara has delayed the resumption of flights until Saturday due to technical […]
By Fazel Hawramy for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. For about 10 years, the Kurdistan Democratic Party (KDP), which controls Erbil and Dahuk provinces in Iraq, has enjoyed close working relations with the Turkish government on trade, energy […]
By John Lee. Turkey has reportedly appointed a special envoy to Iraq to resolve the water sharing issues between the two countries. According to Daily Sabah, former Forestry and Water Affairs Minister Veysel Eroğlu (pictured), who will take up the post, pointed to the "inefficient" use of water resources in Iraq, saying "Turkey will share […]
By John Lee. Iraq’s Ministry of Oil has announced interim oil exports for December of 115,517,974 barrels, giving an average for the month of 3.726 million barrels per day (bpd), a increase from the 3.377 bpd exported in November. These exports from the oilfields in central and southern Iraq amounted to 112,450,367 barrels, while exports by […]
By John Lee. Authorities in Iraqi Kurdistan are said to be hopeful that a meeting later this month between Turkish President Recep Tayyip Erdoğan and Iraqi President Barham Salih will lead to Turkey lifting its ban on international flights crossing its airspace to land at Sulaymaniyah Airport (pictured). According to a report from Ahval News, Turkey […]
By John Lee. Exports from Iraq’s northern Kirkuk oilfields to the Turkish port of Ceyhan will reportedly remain at between 80-90,000 barrels per day, with most of the crude being used to feed local refineries, according to Iraq’s oil minister. Current production at the Kirkuk oilfields stands at around 370,000 bpd, the head of Iraq’s […]
By John Lee. The State-owned Trade Bank of Iraq (TBI) is reportedly looking to acquire a lender in Turkey, the country's biggest trade partner, after abandoning a previous attempt. Chairman Faisal Al Haimus is quoted by The National as saying that the TBI is keen on a conventional bank rather than a Sharia-compliant bank, but […]
By John Lee. Baghdad has reached an agreement with Kurdish authorities to resume exports from the Kirkuk oilfields, via the Turkish port of Ceyhan (pictured). In a statement on Friday, the Ministry of Oil said between 50,000 and 100,000 barrels per day would be exported through the pipeline on behalf of the Baghdad-controlled State Oil […]
By Ahmed Tabaqchali, for 1001 Iraqi Thoughts. The Economic Perils of Iraqi Youth’s Nostalgia for the Return of Authoritarianism Although Iraqi youth’s nostalgia for authoritarianism in the form of a powerful presidential system as a cure to their country’s ills is understandable, the economic costs of Turkey’s increasing move toward such a system over the […]
Advertising Feature By Veronica Cotdemiey, CEO of Citizenship Invest. Turkish Nationality: The Most Desired Citizenship Program among GCC Expats Citizenship by Investment programs have been witnessing some major changes and one of them is the introduction of the new Turkish citizenship program which was published on the Official Gazette and entered into force in September […]
