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The KRG Ministry of Natural Resources (MNR) gives public notice of the commencement of the sale of its first shipment of crude oil exported via Kurdistan Region’s new pipeline through Turkey to the Port of Ceyhan (pictured). MNR anticipates the sale of the first parcel of two million barrels of exported crude oil to occur […]
By John Lee. Turkish Energy Minister Taner Yildiz (pictured) said today that Kurdish oil has started flowing to the Turkish port of Ceyhan via the new pipeline, but it will not be shipped to world markets without agreement from Baghdad. According to Reuters, the Minister said he hopes a deal allowing exports to begin can […]
By John Lee. Iraqi Oil Minister Abdul Kareem Luaibi [Elaibi] (pictured) said on Saturday that he is optimistic Baghdad will soon come to an understanding with Turkey over a contested oil-export agreement with the Kurdistan Regional Government (KRG). According to a report from the Wall Street Journal, he said Turkey understands that it can't enter […]
By John Lee. Energy Global reports that the Turkish construction firm EID Insaat is to build a 120-km pipeline for ExxonMobil in Iraq. The $90-million project is expected to take approximately one year to complete. The company Chairman said that this was in addition to an 85-km long pipeline project currently under construction. The Iraqi […]
By John Lee. Turkey has offered to jointly build two more border crossings with Iraq, in addition to two new gates recently agreed upon, according to a report from Today's Zaman. The Turkish Customs and Trade Minister, Hayati Yazıcı (pictured), told the press in Ankara on Wednesday that the government favoured the construction of two […]
By Mehmet Nayir for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Turkey’s energy diplomacy has borne results. The oil crisis was resolved when Baghdad was offered a measurement station and revenue payment guarantees. In this regard, a trilateral Baghdad-Ankara-Erbil mechanism will be set […]
By John Lee. Reuters reports that Baghdad and Erbil appear to have found a formula that will allow Iraqi Kurdistan to export oil to Turkey through a new pipeline. Following a meeting in Baghdad on Sunday with Iraq's Deputy Prime Minister for Energy, Hussain al-Shahristani, Turkey's Energy Minister, Taner Yildiz, said on Tuesday that an […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Turkey and Iraq have worked out a new oil pipeline deal. The idea has caused a serious rift with Baghdad, which says it has the sole right to control sales of oil and […]
KRG Prime Minister Nechirvan Barzani, speaking at a conference in Erbil today (Tuesday), highlighted Kurdistan Region’s contribution to the global energy market and reiterated Kurdistan’s commitment to the Iraqi constitution in the Region’s dealings with Turkey. The Prime Minister referred to the discussions over the past two years between the Kurdistan Regional Government and Turkey […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The president of Iraqi Kurdistan has called on Turkey's Kurds to back a flagging peace process with Ankara, in a show of support for Prime Minister Tayyip Erdogan's bid to overcome a three-decade […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Turkey's Approach Toward Iraq's Shiites will Reduce Sectarianism For the first time in modern Turkish history, a high-ranking Turkish official, Foreign Minister Ahmet Davutoglu (pictured), visited the Shiite holy cities of Najaf […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Turkey and its neighbours, Iraq and Syria, have been in dispute over water for five decades. Iraq and Syria accuse Turkey of using more water than it should, while Ankara says the other […]
