The latest news on Turkey – Iraq business – air Industry, infrastructure & more – brought to you by Iraq Business News
By John Lee. The General Company for Land Transport (GCLT) has marked one year since the launch of the International Road Transport (TIR) system in Iraq, which came into operation in April 2025. According to the company's director-general, Mortada Karim Al-Shahmani, approximately 2,000 transit operations have been completed across Iraqi territory during the first year. […]
By John Lee. Iraq's Ministry of Oil has announced that exports via the Kirkuk-Fishkhabour-Turkey pipeline are expected to resume soon, initially with limited volumes. The Ministry said the pipeline, which has a total capacity of 1.6 million barrels per day (bpd), will be brought back into service following completion of hydrostatic testing. Saheb Al-Bazoun, spokesperson […]
By John Lee. Iraq's General Company for Land Transportation (GCLT) has successfully completed a trial freight journey under the TIR system along a new corridor linking Turkey, Iraq, and Saudi Arabia. The route runs from the Ibrahim Al-Khalil border crossing to the Arar crossing, with the trial completed within the planned schedule and without reported […]
By John Lee. The North Oil Company (NOC) has reportedly received the first shipment of crude oil from Basra at its K1 station in Kirkuk, following rehabilitation works and an increase in operational capacity. The delivery marks the start of crude transfers by tanker trucks from southern Iraq to the north, with unloading operations beginning immediately […]
By John Lee. Turkey's Imas has signed a third agreement with Iraq's Mokhalad Group for the construction of an additional flour mill project in Iraq, reinforcing an ongoing partnership in the country's milling sector. The latest agreement follows two earlier projects, bringing the total number of flour mills developed for Mokhalad Group to three. Each facility […]
By John Lee. Iraq's State Oil Marketing Organization (SOMO) has confirmed that Iraq exported approximately 18 million barrels of oil in March, generating revenues of nearly $2 billion, equivalent to about 28 percent of February's pre-crisis revenues. In a video statement, Director General Ali Nizar Al-Shatri [Shatari] said that SOMO coordinated closely with buyers and increased […]
By John Lee. The Ministry of Oil has announced the resumption of crude oil pumping and exports from Kirkuk through Türkiye's Ceyhan port, with an initial export capacity of 250,000 barrels per day (bpd). The restart follows an agreement between the federal government and the Kurdistan Regional Government (KRG), enabling the reactivation of a key export […]
By John Lee. Iraq's Ministry of Oil has confirmed steps to export oil and oil derivatives via Turkey, Jordan and Syria. According to the state-run Iraqi News Agency (INA), Deputy Minister for Extraction Affairs Bassem Mohammed Khudair said that the State Oil Marketing Organization (SOMO) has begun signing contracts with international carriers and buyers to export […]
By John Lee. Iraq's Ministry of Oil has issued a further statement setting out its position on the resumption of exports through the Kirkuk-Ceyhan pipeline, following recent comments by the Kurdistan Regional Government's Ministry of Natural Resources. The statement describes the KRG ministry's position as political in nature, and sets out Baghdad's operational and legal […]
By John Lee. Iraq Fund for the Recovery of Smuggled Assets has reportedly recovered approximately $379 million in Iraqi funds from abroad, according to its chairman, Mohammed Ali Al-Lami. Speaking to the state-run Iraqi News Agency (INA), Al-Lami said the fund is seeking to sign cooperation agreements with international and local institutions to strengthen its […]
By John Lee. Iraq's Ministry of Oil and the Kurdistan Regional Government's Ministry of Natural Resources have issued statements outlining differing positions on the possible resumption of crude oil exports through the northern pipeline to the Turkish port of Ceyhan. The exchange comes amid regional disruption affecting exports through the southern system via the Strait […]
By Charles Kennedy for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq To Restore Kirkuk-Turkey Pipeline as Iran War Chokes Off Exports Iraq is scrambling to restore a northern oil export route that would send crude from the Kirkuk fields directly to […]
