By John Lee. Iraq's Minister of Oil, Hayan Abdul Ghani, has reportedly announced that the country will resume crude oil exports through the Ceyhan pipeline to Turkiye either today (Wednesday) or tomorrow. Speaking during the inauguration of several oil station development and rehabilitation projects in Kirkuk, the Minister confirmed an initial export volume of 80,000 […]
By John Lee. Iraq's state-owned Rafidain Bank has announced that it has "completed" 87 percent of its foreign debt obligations through high-level legal and financial negotiations, significantly reducing the country's external liabilities. As part of Iraq's adherence to the Paris Club Agreement and with direct Cabinet approval, the bank concluded major settlements with Dutch and […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani on Wednesday launched the construction of Al-Kriat [Al-Kari'a] Bridge over the Tigris River as part of the Baghdad reconstruction campaign, specifically targeting the revitalisation of the holy city of Kadhimiya. The work will be carried out by Turkish company HSY Yapi Insaat and Lebanon's Khatib & Alami. […]
By John Lee. The Government of Turkiye has officially announced the termination of the long-standing Iraq-Turkey Crude Oil Pipeline Agreements, effective 27 July 2026, by Cabinet Decision No. 10113. The termination applies to the following agreements and related documents: The Crude Oil Pipeline Agreement dated 27 August 1973, approved by Cabinet Decision No. 7/9843 of […]
By John Lee. The Iraqi Cabinet, headed by Prime Minister Mohammed Shia Al-Sudani, held an emergency session on Thursday and issued a series of binding decisions regarding oil production and financial coordination with the Kurdistan Regional Government (KRG). In a major development, the Cabinet approved the immediate transfer of all oil produced in the Kurdistan […]
By John Lee. GE Verona, in consortium with GE Global, General Electric Global Services, Ontex Trading, and Calik Enerji, has been awarded the contract for the expansion of the Mansuriya gas power plant. The project involves adding two gas turbines and a combined-cycle system, with a total capacity of 750 megawatts (MW). The Iraqi Cabinet […]
By John Lee. The Association of the Petroleum Industry of Kurdistan (APIKUR) has welcomed it described as renewed and intensified negotiations between the Kurdistan Regional Government (KRG) and the Government of Iraq (GoI) aimed at resuming oil exports via the Iraq-Türkiye Pipeline (ITP). The statement follows a high-level meeting held on 12th July 2025 between […]
By John Lee. The Iraqi Speaker of Parliament Dr Mahmoud al-Mashhadani met with Turkish Foreign Minister Hakan Fidan in Ankara on Wednesday to discuss strengthening bilateral relations and joint initiatives. Dr al-Mashhadani called for deeper cooperation between the two nations, proposing the activation of parliamentary friendship committees and requesting Turkey to ease residency procedures for […]
By John Lee. The opening of new Iraqi TIR corridors has enabled a dramatic reduction in transit times between Europe and the Gulf Cooperation Council (GCC), with journey durations cut from 24 days to just 10, according to a press release from the International Road Transport Union (IRU). Polish logistics company Milton Group recently completed […]
By John Lee. Turkish firm Enka has signed a contract with Taurus Arm For Power Generatıon, Oil Transportation and Services Ltd. for the conversion of the existing 500 MW simple cycle power plant in Sulaymaniyah, Iraq into a 750 MW combined cycle power plant. The contract value is approximately USD 289 million [378 billion Iraqi […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Will end to pipeline feud revive flow of Iraqi oil to Israel? After a glimpse of progress, Baghdad's spat with the Kurdistan Regional Government (KRG) over the future of the Iraq-Turkey Pipeline […]
By Nicholas Oakes, for the International Policy Digest. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. From Pipeline to Policy: Iraq's Quiet Return to Global Energy Relevance Recent deals with China, India, and France point to a strategic effort to diversify trade partnerships, hedging […]
