Statement from US National Security Advisor Jake Sullivan Welcoming Developments in Iraq's Energy Sector We welcome significant progress in Iraq this week with respect to energy deals that further strengthen Iraq's sovereignty, independence, and economic prosperity. First, the Government of Iraq and the Kurdistan Regional Government reached a historic agreement on the export of oil […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Turkey shuts its airspace to Sulaimaniyah flights citing Kurdish militants The move is likely retaliation against ties between Kurdish militants and the Iraqi Kurdish Patriotic Union Party (PUK). Click […]
By John Lee. Turkiye's Ministry of Foreign Affairs has closed Turkish airspace to flights taking off or landing at Sulaymaniyah International Airport (pictured). In a statement, it says the move is a result of PKK activity in the area. The full text of the statement follows: Statement of the Spokesperson of the Ministry of Foreign […]
By John Lee. Baghdad and Erbil have agreed a deal to resume oil exports from northern Iraq. Exports of crude oil from Iraqi Kurdistan and Kirkuk had been suspended since last week after a ruling from the Paris-based International Court of Arbitration that Turkiye can not allow exports from the autonomous region by pipeline to […]
By Ragip Soylu for Middle East Eye. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. 'Hollow victory': Iraq is not really a winner in the Turkey oil arbitration case Ankara is likely to pay only a few hundred million dollars to Iraq, which […]
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: Iraq, Turkey to boost economic ties, freeze political differences Iraqi Prime Minister Muhammad Shia' Al-Sudani has paid his first official visit to Turkey since taking office last October, holding important talks with […]
By John Lee. The Iraqi General Cement Company has signed a partnership contract with the Turkish Zodiac company to establish a new cement production plant in Hammam Al-Alil Complex in Nineveh Governorate. The plant will use modern technology and dry gas fuel to produce cement and have a contract capacity of 1.8 million tons annually. […]
By John Lee. Following the arbitration ruling that has stopped oil exports from the Kurdistan Region of Iraq, the oil companies affected have issued statements to the markets on the situation. Genel Energy, which has interests in the Tawke, Taq Taq and Sarta fields, said that public statements made by both the Federal Iraq Ministry […]
By John Lee. Oil exports from Iraqi Kurdistan were suspended on Saturday after a ruling that Turkiye can not allow exports from the autonomous region by pipeline to the port of Ceyhan (pictured). The Paris-based International Court of Arbitration, which operates under the auspices of the International Chamber of Commerce (ICC), found that Turkiye was […]
Prime Minister Mohammed S. Al-Sudani, met this morning a group of businessmen, investors, and representatives of federations from the Turkish private sector in Ankara, in the presence of the Turkish Minister of Trade, Mr. Mehmet Muş. His Excellency stated that the agreements reached during the visit with the Turkish side indicate the determination of the […]
By John Lee. The Iraqi President, Abdul Latif Rashid, has addressed the UN's Water Conference in New York, calling on Turkey to increase cooperation on water management. He also called for a permanent committee to establish regional, basin-wide agreements, with a practical enforcement mechanism under the auspices of the United Nations, to ensure an adequate […]
By Bilal Wahab for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Tipping Point of the Iraq-KRG Energy Dispute Baghdad's legal wins won't mean much if it mishandles the political end, angers Turkey, and further damages the […]
