The latest news on Turkey – Iraq business – air Industry, infrastructure & more – brought to you by Iraq Business News
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 […]
The Financial Times reports that Genel Energy plans to build a pipeline that will connect its fields in the Kurdish regions in northern Iraq to a port in Turkey on the Mediterranean. Reuters reports that the pipeline will run from DNO's Tak Tak field to Faysh Khabour, which is the upstation in the northern part […]
Levels of violence rose in Iraq over the past week, with the highest number of weekly attacks recorded since mid-August. At least 80 people were killed and 197 injured nationwide, with incidents concentrated in Baghdad, Mosul and Babil province. There was also sporadic violence in towns such as Kut, Fallujah and Ba’qubah. North Turkish […]
Levels of violence did not change in Iraq last week, but there was a drop in the number of casualties reported. The previous week had seen a number of bombings in the capital which left dozens dead but last week’s terrorist attacks were less devastating in terms of the number of casualties inflicted. Furthermore, Baghdad […]
The new Turkish consul general to Basra, Faruk Kaymiski, promised on Sunday that he would urge more Turkish companies to invest in the oil-rich province of Basra. AKnews reports that Kaymiski, the successor of Ali Reza Ozcu, said that when the consulate was opened in 2007, its goal was to expand the economic and social […]
At least 76 people were killed and 184 injured in nationwide attacks in Iraq last week. This is a rise from the previous week and largely attributable to a series of attacks in Baghdad. A series of bombing and suicide attacks targeting the police in the capital left numerous people dead on 12 October. The […]
Turkey's low-cost airliner Pegasus is expected to start operating flights to Erbil, Kurdistan Region's capital city, as it looks to open new routes. Erbil International Airport manager Talar Fayaq told AKnews that the airport board is currently in talks with a number of airliners to seek possibilities of opening routes to the capital of the […]
Turkey and Iraq have agreed to open two new border crossings to boost trade and accommodate increasing traffic between the two neighbors, according to a report from Today’s Zaman. The issue was discussed during a two-day visit by Iraqi Foreign Affairs Minister Hoshyar Zebari to Ankara on Wednesday. The formal agreement for the opening of […]
