The latest news on Turkey – Iraq business – air Industry, infrastructure & more – brought to you by Iraq Business News
The Turkish Consul in Basra, Farouk Qaimagja, and the Commercial Attache of the Turkish Embassy, met the head of Basra Investment Commission to discuss ways of boosting economic and trade cooperation. "The consul, accompanied by representatives of a number of Turkish companies, reviewed with local officials in Basra ways of attracting Turkish investments to the province […]
Plans have been announced to build a modern abattoir outside Kirkuk City at a cost of $5 million (6 billion Iraqi dinars), according to AKnews. Falah al-Bazzaz, Chairman of Kirkuk Investment Commission, said the project is the first of its kind and will be built on a site of 40 acres. The development will also […]
Wasit Investment Commission has approved the construction of 254 houses, at a cost of $30m, in Mowafaqiya district, 30km southwest of Kut. According to the report from AKnews, the 'Residential Rescue Ship' housing project, to be launched next week, will provide basic services, including a health center, fire station and shopping centers. A Turkish-Iraqi company […]
As Iraq's capital emerges from almost a decade of conflict and civil strife it is becoming an economic battleground for Turkey and Iran: (Source: CNN)
According to a report from Bloomberg, Iraq plans to increase its exports of Kirkuk crude from the Turkish port of Ceyhan (pictured) by 20 percent in April: 24 cargoes to be shipped, up from 21 in March; shipping rate of 510,000 barrels a day, up from 425,484 bpd in March. Shipments of Iraqi Kirkuk crude from […]
Turkish Airlines hopes to increase the number of flights between Turkey and Basra from four to seven per week. Farouk Qaimagja, of the Turkish Consulate in Basra, told AKnews: "We are working seriously to reach this number of flights per week. We hope that this will be achieved as soon as possible through the cooperation […]
The Turkish company Çalık Enerji will open its 250 mega watt Khairat power station at the beginning of July, the first of 20 stations Iraq hopes to build around the country, reports AKnews. The Deputy Prime Minister for Energy, Hussein al-Shahristani, made the announcement today and told AKnews that the Ministry of Oil will provide fuel […]
A Turkish firm has won the contract for the $88 million (105 billion Iraqi dinar) Grand Kut water project, according to a report from Aswat al-Iraq. Sobeih Lafta, the assistant governor for technical affairs in Wassit, told the news agency that the project is intended to end water scarcity in the city. The project, with […]
The head of the One Stop Shop Department in Basra Investmetnt Commission (BIC), Eng. Jalal Al- Noori, announced that the Turkish company Visalr has submitted an investment project to build private schools in Basra. He said the education sector is a top priority for the BIC, and that Basra has suitable lands allocated for such […]
Three sports stadiums are set to be built in Baghdad under plans announced by Kamel Braihi, the director of the engineering and technical department in Iraq's Ministry of Youth and Sports, reports AKnews. He said the three stadiums, to be built to international standards, will be constructed in Sadr City, Rusafa and Tajiyyat. The contract for […]
Turkish Airlines increased its flights between Basra and Istanbul to four per week, according to Aswat al-Iraq. The Turkish consulate in Basra said there will be flights between the two cities on Saturdays, Sundays, Tuesdays and Thursdays starting on 4th March. "Basra is strategically important, and the fourth air bridge will underline to the Turkish […]
Reuters reports that Iraq's cabinet has approved a $329.8 million tender with British oil service firm Petrofac for the country's Badra oilfield. Petrofac plans to build a major crude processing facility to help production at the field to reach 170,000 barrels of oil per day (bpd) in 2017, a target which was set by Iraq's […]
