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Turkish officials are dismayed hearing about US concerns that Turkey’s decision to sign an agreement with ExxonMobil in northern Iraq is perceived as a threat to Iraq’s unity. Noting that it is ExxonMobil, a US company, that is going to do the exploration work in the Iraqi Kurdistan Regional Government's (KRG) area, the Turkish side […]
President Masoud Barzani welcomed a German delegation headed by Mr. Nils Schmid, deputy Prime Minister and Minister of Finance and Economy for the state of Baden-Wurttemberg in his office in Salahadin. Mr. Schmid and the accompanying delegation expressed their support for the Kurdistan Region and were impressed with the amount of development and progress here. […]
By John Lee. Turkish prime minister has said that state-owned Turkiye Petrolleri AO (TPAO) is has reached an agreement with the Kurdistan Regional Government (KRG) and ExxonMobil to carry out oil exploration in northern Iraq. Tayyip Erdoğan (pictured) told reporters: "Countries from various parts of the world are taking steps to explore and produce oil in […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The first group of Kurdish fighters leaving Turkey as part of a peace drive with Ankara arrived to handshakes and embraces in Iraqi Kurdistan early Tuesday after a gruelling week-long journey. (Source: AFP)
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Turkey is edging closer to ending its 30-year conflict with the PKK. The separatist group is withdrawing as part of a peace process. The first group of fighters has now arrived in Iraq. […]
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The withdrawal of Kurdistan Workers' Party militants into Iraq's Kurdistan Region has raised controversy in Baghdad. PKK militants are leaving Turkey and moving to Kurdistan under an agreement with the Kurdistan Regional Government. […]
By John Lee. Reuters reports on Friday that exports of Iraqi crude oil through the Kirkuk-Ceyhan pipeline have still not resumed following a bomb attack on Monday. A spokesman for the Iraqi oil ministry had said repairs to the pipeline would be completed by Thursday afternoon. On Friday, six tankers were said to be waiting […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. On Wednesday Kurdish rebels say they'll start pulling their fighters out of Turkey into Iraq as part of a peace plan with the Turkish government. The Kurdistan Workers Party, PKK, was founded in […]
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. "The Turkish government probably has some interests among the Sunnis and the surrounding countries like Saudi Arabia, Kuwait, also Turkey, don't like to have a government [in Iraq] which is generally a Shia […]
Kartet, a subsidiary of the Turkish conglomerate Karadeniz Holding, has reportedly re-applied for a licence to export 200MW from Turkey to Iraq. According to the report from Argus, such exports ceased in 2011, but Kartet has applied to export power through the 154kV Turkey-Iraq power interconnector. The regulator EPDK will give other firms until 20th […]
The new al-Hayrat [Khayrat] power plant in Karbala was officially opened on Friday. At a ceremony to mark the event, Iraq’s Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, thanked the Turkish company Calik Energy for completing the project successfully and on time. Ahmet Calik (pictured), CEO of Calik Holdings, said: "Al Hayrat energy power […]
By John Lee. Shares in the Anglo-Turkish oil and gas company Genel Energy closed up 6.4 percent on Wednesday after it announced that the first of five exploration wells it plans to drill this year in the Kurdistan Region of Iraq has made a significant oil discovery. The company said the Chia Surkh 10 well […]
