The latest news on Turkey – Iraq business – air Industry, infrastructure & more – brought to you by Iraq Business News
By John Lee. the Basra Iron & Steel Company (BISCO) has reportedly put its new rebar mill investment on hold due to regional political issues. A decision on further progress is expected to be taken after talks with the Basra Investment Commission (BIC) later in September. ArabSteel reports that BISCO, an investment by Isa Unal, […]
Prime Minister Nechirvan Barzani met Turkey’s Prime Minister Receb Tayyip Erdogan to discuss recent developments in the Middle East, bilateral relations, the situation in Syria, developments in Iraq and the preparations for the Kurdish national congress. Mr Barzani was accompanied by the Kurdistan Regional Government’s Deputy Prime Minister Emad Ahmed, Natural Resources Minister Ashti Hawrami […]
By John Lee. According to a report from World Bulletin, a new 750-megawatt (MW) power plant in Mosul city is planned to be completed and operating by September 2013. Build and run by Turkey's Calik Energy [Calik Enerji], it will be Iraq's fourth-largest power station; the company's other plant at al-Khairat in Karbala is the […]
By John Lee. Mass Global Investment Company has selected GE steam turbine technology to increase the efficiency and the output of the Erbil Power Plant in Iraq's Kurdistan region. In operation since late 2008, the Erbil plant plays a vital role in meeting the growing power needs of Kurdistan, Iraq. Under the new agreement, GE […]
The new Turkish Consul General in Erbil, Mr Mehmet Akif Inam, met with Minister Falah Mustafa as part of his courtesy calls with senior government officials. He previously served as a Counsellor in the Turkish Embassy in Washington DC. He replaces his predecessor, Mr Aydin Selcen. In welcoming him to his post in Erbil, Minister […]
By John Lee. Hurriyet Daily News reports that Doğuş Otomotiv, the automotive arm of Turkey’s Doğuş Holding, has said it has reached an agreement with Volkswagen and Audi to establish a company in Iraq. Doğuş Otomotiv will own 100 percent of the company that will deal with distribution and after-sale services for Volkswagen and Audi […]
By John Lee. Iraq has again failed to restart exports of crude oil via the Kirkuk-Ceyhan pipeline, reports UpstreamOnline. Pumping was suspended since 21st June due to a leak in the Ain al-Jash area, around 290 kilometres northwest of Baghdad. There was a brief restoration of service last week, but flows are again reported to […]
By John Lee. Minister of Foreign Affairs, Hoshyar Zebari has received the Turkish Ambassador in Iraq, Younis Demirer. During the meeting, the two sides reviewed Iraqi - Turkish relations, emphasizing mutual respect. The Minister expressed his keenness to overcome the obstacles that stand in the relations between the two neighboring countries in accordance with the […]
The square facing the Turkish consulate in the city of Erbil, the largest city in Iraq's Kurdistan region, had been experiencing over the past years demonstrations condemning the policies of the Turkish government headed by Recep Tayyip Erdogan. Things, however, have changed, and the square has begun seeing demonstrations in which participants hold photos of […]
By John Lee. Ashti Hawrami (pictured), the Natural Resources Minister of the Kurdistan Regional Government, said on Wednesday that Iraqi Kurdistan will start exporting crude oil by pipeline "very soon" after the completion of a new link to the Turkish border by the end of September. Bloomberg quotes the minister as saying that the pipeline to […]
By John Lee. The Turkish Energy Market Regulatory Authority (EPDK) has approved the applications of two Turkish companies, Aksa and Kartet, to export electricity to Iraq. The two companies will have the "equal rights" to export power to the Mosul region of Iraq, using the existing 154 kilovolt (kV) PS3-Zakho power transmission line. They will […]
Hundreds of Kurdish fighters have arrived in northern Iraq as part of a peace deal with Turkey. The pact, which was signed in March, ended a decades-long conflict that killed about 40,000 people. Al Jazeera's Omar Al Saleh reports from the Iraqi border with Turkey, where he was given access to one of the PKK's […]
