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Levels of violence fell in Iraq last week. At least 19 people were killed and 55 injured in nationwide incidents. This is a relatively low figure for the country. There was a decline in bombings and shootings countrywide. There were no suicide bombings or abductions reported, although a woman was rescued from captivity during a […]
The Iraqi Trade Ministry has reportedly signed a contract with the Egyptian company Arma for the purchase of 25,000 tons of vegetable oil. Hashem Hatam, the Foreign economic relations chief at the ministry, told AKnews that the oil will be distributed to civilians through the food rationing program. The quantity is sufficient for only three […]
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A Basra iron and steel company will be given $700m (816 trillion Iraqi dinars) over the next 15 years by Turkish backers, reports AKnews. After visiting the factories of the General Company for Iron and Steel [State Company for Iron and Steel (SCIS)], a delegation from Turkish company United Brothers made a proposal to increase […]
Exports of crude oil from northern Iraq via the Turkish port of Ceyhan (pictured) have resumed on Monday after a three-day halt resulting from sabotage to the pipeline network in Turkey, according to Bloomberg. Ziad Ahmad al-Obaidi, an official from the North Oil Company said the initial rate was 400,000 barrels to 500,000 bpd. Iraqi […]
Conditions continue to fluctuate in Iraq. Levels of violence rose slightly last week, but in the absence of any major mass casualty attacks the overall number of fatalities fell from the previous week. At least 47 people were killed and 71 injured in nationwide incidents. Countrywide, a total of 25 bomb attacks left 16 people […]
AKnews reports that the Kurdistan-Turkey economic forum kicked off on Wednesday in the Saad Abdulla Convention Hall in Erbil. Abdul-Khaleq Mohammed, press secretary for Kurdistan's Foreign Relations Office, told AKnews that the Turkish Trade Minister Zafer Çağlayan arrived in Erbil last night, at the head of a 175-strong delegation of 25 government officials and 150 […]
Reuters reports that Iraq has signed a $235-million electricity deal with a subsidiary of Turkey's Enka Insaat to install a 500-megawatt power plant in the Al-Najibiya district of Basra. The company will install four General Electric (GE) gas units, each with a capacity of 125 megawatts, within the next 16 months, said electricity minister Karim Aftan. […]
The Jordanian news agency Petra, citing Jordan’s Transport Ministry, reports that Iraq has agreed to allow Jordanian trucks to transit its territory to Turkey and Europe. Iraqi authorities said they will open a route for Jordanian trucks to Turkey within a month after putting in place customs and security procedures. (Source: Bloomberg)
Basra Investment Commission (BIC) has agreed in principle to build an iron and steel factory worth of $150 million (175 billion IQD). AKnews reports that it is a joint proposal by Erbil Steel Company and a Turkish company. Khalaf Badran, head of the BIC, told AKnews that the Commission has expressed its "full support" for […]
Turkey said it could use Iraq as an alternative trade route, cutting out Syria entirely as Damascus faces broad economic sanctions over its deadly crackdown on its 8-month-old uprising. Syria has been a main transit route for Middle East trade, which Damascus hopes will help cushion the effects of tough new sanctions from the Arab […]
Iraq may participate in the planned new gas pipeline between Azerbaijan and Turkey, according to TrendAz. An adviser to the Turkish Energy and Natural Resources Ministry told the Kurdistan Oil & Gas Conference, "Iraq's participation in this project as a gas producing country is important for us". He said the world has a growing demand […]
