By John Lee. Genel Energy has issued a presentation relating to its half-year results to the end of June. Click here to download. (Source: Genel Energy)
Genel Energy presentation on Results to the end-June
Tag Archives | Turkiye
Tags: Bina Bawi, Ceyhan, featured, Genel Energy, Iraq Oil Exports News, Iraq Oil Production News, Iraq-Turkey Pipeline (ITP), Kirkuk Ceyhan pipeline, Miran, Sarta, Tawke, Turkey, Turkiye
Pipeline Closure causes steep Revenue Fall at Genel Energy
By John Lee. Revenues at Genel Energy have, as expected, fallen sharply as a result of the closure of the Iraq-Turkey Pipeline (ITP) which brings oil from Northern Iraq to Turkiye's port of Ceyhan. In its unaudited results for the period ended 30 June 2023, Paul Weir, Chief Executive of Genel, said: "The closure of […]
Tags: Bina Bawi, Ceyhan, featured, Genel Energy, Iraq Oil Exports News, Iraq Oil Production News, Iraq-Turkey Pipeline (ITP), Kirkuk Ceyhan pipeline, Miran, Sarta, Tawke, Turkey, Turkiye
Is Iraq's $17bn Road & Rail Mega-Project Feasible?
By Dana Taib Menmy for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. 'Route of Development': Is Iraq's $17 billion road and rail mega-project feasible? Iraq's 'Route of Development' ["Development Road"; "Dry Canal"] is ambitious, but an unstable political and security […]
Tags: Al Faw Grand Port, development road project, Dry Canal Project, featured, General Company of Iraqi Ports, Grand Faw, Ports, Rail, Turkey, Turkiye
KRG PM Barzani meets with President Erdogan
On Tuesday, June 20, 2023, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) met with President Recep Tayyip Erdogan of the Republic of Türkiye in Ankara. At the start of the meeting, Prime Minister Barzani extended his congratulations to President Erdogan on his victory in the recent elections and conveyed his sincere hopes […]
Tags: Ceyhan, featured, Iraq-Turkey Pipeline (ITP), Kirkuk Ceyhan pipeline, KRG, Kurdistan News, mn, Recep Erdogan, Turkey, Turkiye
$17bn "Development Road Project" Launched by Iraqi Govt
By John Lee. The government of Iraq announced more details this week on its plans to create a transport corridor between the Persian Gulf and the Mediterranean Sea coast in Turkey. The 1,200-kilometer "development road project", sometimes referred to as the "dry canal project", will link Iraq's Grand Faw port, which is still under construction, […]
Tags: Al Faw Grand Port, cg, development road project, Dry Canal Project, featured, Fish Khabur, Fishkhabour, GCPI, General Company of Iraqi Ports, Grand Faw, Italy, mn, Ports, Progetti, Rail, Turkey, Turkiye
Iraq signs Contracts with Buyers of Kurdistan Oil
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq signs contracts with buyers of Kurdistan Region's oil: Minister Iraq's oil minister on Thursday told Rudaw that they have signed contracts with four companies to buy about half a million barrels of the […]
Tags: Botas, featured, Iraq Crude Oil Export, Iraq Oil Exports News, Kirkuk, Kurdistan News, mn, oil contracts, State Oil Marketing Organization (SOMO), Turkey, Turkiye
Iraq-Turkey Pipeline Award: Summary and Analysis
By Zaid Al-Ali and Ahmed Tabaqchali, for 1001 Iraqi Thoughts. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Commentary: Iraq v Turkey International Chamber of Commerce Final Award (13 February 2023) On 23 May 2014, the Republic of Iraq ("Iraq") commenced arbitral proceedings against […]
Tags: Arbitration, Botas, featured, International Court of Arbitration, Iraq Crude Oil Export, Iraq Oil Exports News, Iraq-Turkey Pipeline (ITP), Kirkuk, Kirkuk Ceyhan pipeline, Kurdistan News, oil contracts, State Oil Marketing Organization (SOMO), Turkey, Turkiye
Iraqi Oil Exports via Turkey in "Weeks rather than Days"
By John Lee. A source, citing unofficial contact with Turkish energy officials, has told Reuters that that a resumption of crude oil exports from Northern Iraq via the Turkish port of Ceyhan (pictured) is expected to take weeks rather than days. Turkish pipeline operator BOTAS has reportedly said that it needs more time to check […]
Tags: Botas, featured, Iraq Crude Oil Export, Iraq Oil Exports News, Kirkuk, Kurdistan News, oil contracts, Turkey, Turkiye
Planning Continues for Iraq's Development Road
By John Lee. The Iraqi Ministry of Transport, led by Eng. Farhan Al-Fartousi, Director of the General Company for Iraqi Ports, held a meeting with the delegation from Italian consulting company Progetti Europa & Global S.p.A. (PEG), contracted with the Ministry. The meeting, attended by the Al-Faw Grand Port Authority, focused on the latest designs […]
Tags: Al Faw Grand Port, cg, development road project, Dry Canal Project, featured, Fish Khabur, Fishkhabour, GCPI, General Company of Iraqi Ports, Grand Faw, Italy, mn, Ports, Progetti, Rail, Turkey, Turkiye
KRG opens second Border Crossing with Turkey
The Zet International Gate between the Kurdistan Region and Turkey, located in the Soran administration, officially opened on Wednesday. The crossing is open daily between 8am and 8pm. Construction of the new crossing started in 2021, and it is now welcoming tourist travellers. It will open for commercial transport in a second stage. The Supervisor […]
Iraq asks Turkey to Resume Oil Exports
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq asks Turkey to resume oil exports as firms in Kurdistan region scale back Turkey has still yet to restart oil flows from northern Iraq following a controversial court […]
Tags: Botas, featured, Iraq Crude Oil Export, Iraq Oil Exports News, Kirkuk, Kurdistan News, oil contracts, State Oil Marketing Organization (SOMO), Turkey, Turkiye
Iraq orders Turkey to Resume Oil Exports, but ...
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, confirmed on Thursday night that the State Oil Marketing Organization (SOMO) told the Turkish company BOTAS to resume export and loading operations at the Turkish port of Ceyhan (pictured), starting on Saturday, 13th May. He added that contracts have been finalized with international companies for the […]