By John Lee. An industry group representing international oil companies (IOCs) in Iraqi Kurdistan has denied claims by government officials that an agreement has been reached to resume oil exports through the Iraq-Turkey Pipeline (ITP). The Association of the Petroleum Industry of Kurdistan (APIKUR) said it has not seen any proposals from Baghdad or Erbil […]
By John Lee. On Thursday, Prime Minister Mohammed Shiaa Al-Sudani received a delegation from the Turkish company Limak, specializing in transportation and construction projects, led by the company's founder, Mr. Nahad Ouzdemir. During the meeting, the Prime Minister highlighted the investment and developmental opportunities for the company to contribute to Iraq, particularly in infrastructure, transportation […]
By John Lee. A Turkish company is reported to have won a contract to manage Maysan Hospital. The company was not named, but Health Minister Saleh al-Hasnawi told state-run Iraqi News Agency (INA) that an additional three companies will be contracted with to manage other hospitals across the country. He added that the Ministry of […]
From Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Can Turkey and Iraq pull off the 'Dry Canal' project? While experts believe the 'Dry Canal' project [Development Road project] involving road and rail networks faces an uphill battle, the initiative seems […]
By John Lee. The Association of the Petroleum Industry of Kurdistan (APIKUR) has urgently requested U.S. Congressional action to facilitate the reopening of the Iraq-Türkiye pipeline (ITP). In a statement, APIKUR says, "this vital conduit for the KRI's economic well-being has been closed due to political disagreements, which is directly affecting U.S. interests, and the […]
By John Lee. The Iraqi Cabinet has revoked a decision to relocate its consulate general from the Turkish city of Gaziantep to the province of Mersin. It said the decision came as part of "diplomatic organization efforts," but provided no further information. (Source: Media Office of the Prime Minister)
By John Lee. Turkiye's Transportation and Infrastructure Minister, Abdulkadir Uraloğlu, met with the official delegation led by the Iraqi Minister of Transport, Razzaq Muhebess Al-Saadi, on Friday. Minister Uraloğlu stated that they discussed regional issues and cooperation on the Development Road project. He emphasized the significant progress made in both the railway and highway phases […]
By John Lee. The Turkish Statistical Institute has said that Iraq was Turkiye's third-biggest export partner in 2023. December 2023 - Main Export Partners: 1. Germany: $1.679 billion 2. USA: $1.314 billion 3. Iraq: $1.254 billion 4. United Kingdom: $1.217 billion 5. Italy: $1.022 billion Percentage of Top 5 in Total Exports: 28.2% January-December 2023 […]
By John Lee. The Association of the Petroleum Industry of Kurdistan (APIKUR) has appealed to the United States Congress for immediate action to help resolve halted crude oil exports from the Kurdistan Region of Iraq (KRI). The export halt, affecting over 400,000 barrels of oil per day, has lasted more than 10 months and is […]
By John Lee. UK-listed Genel Energy has said that it has cut all non-essential activity and significantly reduced spend, while developing a new source of income through domestic sales in the Kurdistan Region. Meanwhile, an arbitration hearing into the termination of the Miran and Bina Bawi production sharing contracts (PSCs) is scheduled to start in […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG to brief oil producers on talks with Baghdad The natural resources ministry of the Kurdistan Regional Government (KRG) has invited international oil companies working in the Region to meet on Wednesday to discuss […]
By John Lee. The Turkish Foreign Minister, Hakan Fidan, and the Deputy Prime Minister and Foreign Minister, Fuad Hussein, met in Ankara on Tuesday, accompanied by high-level security and military officials from both countries. Talks covered issues related to counterterrorism, security, and water resources, with both sides committing to continue developing relations. The meeting included […]
