The latest news on Turkey – Iraq business – air Industry, infrastructure & more – brought to you by Iraq Business News
By John Lee. Iraqi Airways has announced that it has added two new routes to Iran and Turkey. A route between Najaf to Isfahan will be operated by Boeing 737 and CRJ900, while one between Sulaymaniyah to Istanbul Ataturk will be operated by a Boeing 737. Each route will be served twice a week. (Source: […]
By John Lee. Iraq's Ministry of Oil has denied that there is any new agreement between Baghdad and Erbil regarding the export of crude oil. In a statement issued on Monday, the ministry confirms that "the last agreement is still active ... [and it] includes the budgets of the last two years in addition to […]
By John Lee. TThe Khoshnaw Group, a Kurdish private company, has reportedly bought the Ishik educational institutions in Iraqi Kurdistan. BasNews says that the chain of fee-paying schools and universities were affiliated with the Gulenist Movement in Turkey, and are attended by nearly 40,000 students. No further details of the deal and the future administration […]
A pipeline pumping around 90,000 bpd from a field near Kirkuk to the Turkish port of Ceyhan (pictured) via Kurdistan reportedly stopped operations on Monday morning due to a "technical defect". North Oil Company (NOC) sources told Reuters on Wednesday that maintenance teams are working to repair the pipeline, which is expected to resume operations within […]
By John Lee. Trading sources have told Reuters that Baghdad's State Oil Marketing Organization (SOMO) and Kurdistan have resumed joint exports of crude oil from the giant Kirkuk oil field. The field normally delivers 150,000 barrels per day via the Turkish port of Ceyhan (pictured). Exports have been suspended since March in a dispute over […]
By John Lee. The Turkish company Karadeniz Holding has reportedly stopped supplying electricity from its three generating ships loctated in the ports of Khor al-Zubair, Umm Qasr and Abu Flous. Local media report that the move is due to the non-payment of debts to the company by the Iraqi Ministry of Electricity. The company had […]
Turkish Airlines has commenced direct between Erbil and Gaziantep Airport. Starting today (Friday), roundtrip flights will be operated 2 times per week in both directions. (Source: Turkish Airlines)
Kurdistan Regional Government Prime Minister Nechirvan Barzani released a statement on Saturday regarding the failed military coup in Turkey. Prime Minister Barzani congratulated the people, President and Prime Minister of Turkey after the will of people defeated the coup d'etat planners. Below is Prime Minister Barzani's statement: "We are pleased to see the triumph of […]
Campaign to save Iraq's historic marshes gathers pace Iraq’s historic Southern marshes, a spectacularly beautiful haven that brimmed with wildlife, was a jewel in Iraq’s crown. Now it faces permanent extinction, the victim of a man-made campaign to destroy it and the way of life of its indigenous people. AMAR came into being at the […]
By John Lee. Power supply ships have reportedly returned to work in Basra following threats from the governor to expel them. The ships, reportedly owned by the Turkish-based Karadeniz Holding, had stopped production for several hours due to unpaid debts of $85 million owed to them by the Ministry of Electricity. The Turkish company supplies […]
By Denise Natali for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Since the overthrow of Saddam Hussein in 2003 and breakdown of the Iraqi state, ethno-sectarian partition has become a popular political mantra. The assumption is that a federal state based on three autonomous regions — […]
Figures from Turkey’s ministry of trade and customs show that truck traffic between Turkey and Iraq fell from 685,000 in 2014 to 606,000 in 2015, with only 200,000 trucks from January to May this year, according to a report from Rudaw. Trade fell from more than $12 billion in 2013 to $8.5 billion in last […]
