From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Could Shifts in Iraqi Kurdistan Turn Former Foes into Turkish Partners? Turkiye's ongoing peace process with the Kurdistan Workers' Party (PKK) has opened up a complex period of diplomatic restructuring in the region. […]
By John Lee. Iraq has formed a special committee to oversee the Basra-Haditha multi-directional oil pipeline project, following a meeting chaired by Prime Minister Mohammed Shia' Al-Sudani. The committee will be headed by the Under-Secretary of the Ministry of Oil and will include relevant advisers to the Prime Minister as well as directors-general from the […]
By John Lee. Iraq's Ministry of Oil has announced that exports via the Kirkuk-Fishkhabour-Turkey pipeline are expected to resume soon, initially with limited volumes. The Ministry said the pipeline, which has a total capacity of 1.6 million barrels per day (bpd), will be brought back into service following completion of hydrostatic testing. Saheb Al-Bazoun, spokesperson […]
By John Lee. Iraq's General Company for Land Transportation (GCLT) has successfully completed a trial freight journey under the TIR system along a new corridor linking Turkey, Iraq, and Saudi Arabia. The route runs from the Ibrahim Al-Khalil border crossing to the Arar crossing, with the trial completed within the planned schedule and without reported […]
By John Lee. The North Oil Company (NOC) has reportedly received the first shipment of crude oil from Basra at its K1 station in Kirkuk, following rehabilitation works and an increase in operational capacity. The delivery marks the start of crude transfers by tanker trucks from southern Iraq to the north, with unloading operations beginning immediately […]
By John Lee. Turkey's Imas has signed a third agreement with Iraq's Mokhalad Group for the construction of an additional flour mill project in Iraq, reinforcing an ongoing partnership in the country's milling sector. The latest agreement follows two earlier projects, bringing the total number of flour mills developed for Mokhalad Group to three. Each facility […]
By John Lee. The Ministry of Oil has announced the resumption of crude oil pumping and exports from Kirkuk through Türkiye's Ceyhan port, with an initial export capacity of 250,000 barrels per day (bpd). The restart follows an agreement between the federal government and the Kurdistan Regional Government (KRG), enabling the reactivation of a key export […]
By John Lee. Iraq's Ministry of Oil has confirmed steps to export oil and oil derivatives via Turkey, Jordan and Syria. According to the state-run Iraqi News Agency (INA), Deputy Minister for Extraction Affairs Bassem Mohammed Khudair said that the State Oil Marketing Organization (SOMO) has begun signing contracts with international carriers and buyers to export […]
By John Lee. Iraq's Ministry of Oil has issued a further statement setting out its position on the resumption of exports through the Kirkuk-Ceyhan pipeline, following recent comments by the Kurdistan Regional Government's Ministry of Natural Resources. The statement describes the KRG ministry's position as political in nature, and sets out Baghdad's operational and legal […]
By John Lee. The Ministry of Oil has reportedly issued tenders to export Iraqi crude oil through the Syrian port of Baniyas and the Jordanian port of Aqaba, according to Oil Minister Hayan Abdul Ghani. In comments reported by the state-run Iraqi News Agency (INA), Abdul Ghani said Iraq remains heavily dependent on revenues from […]
By John Lee. Iraq Fund for the Recovery of Smuggled Assets has reportedly recovered approximately $379 million in Iraqi funds from abroad, according to its chairman, Mohammed Ali Al-Lami. Speaking to the state-run Iraqi News Agency (INA), Al-Lami said the fund is seeking to sign cooperation agreements with international and local institutions to strengthen its […]
By John Lee. Iraq's Ministry of Oil and the Kurdistan Regional Government's Ministry of Natural Resources have issued statements outlining differing positions on the possible resumption of crude oil exports through the northern pipeline to the Turkish port of Ceyhan. The exchange comes amid regional disruption affecting exports through the southern system via the Strait […]
