From OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Turkey Tightens Grip on Iraq's Energy Lifelines Turkey halted 600 MW of electricity exports into northern Iraq last week after Baghdad fell behind on payments, leaving Nineveh and Mosul short at peak summer demand. […]
From the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq and Turkey in the post-Suspension of the 1973 Oil Agreement The decision by Turkish President in mid-July 2025 to suspend the oil agreement signed between Iraq and […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani met on Sunday with a group of businessmen and representatives of 17 Turkish companies from various sectors, in the presence of the Chairman of the National Investment Commission (NIC), the Executive Director of the Iraq Development Fund, several advisers, and the Turkish Ambassador to Iraq. The press […]
By John Lee. BKPS, an affiliate of global energy company Karpowership, has signed a contract with Iraq's Ministry of Electricity and the General Company for Electric Energy Production / Southern to deliver up to 590 MW of electricity through two Powership vessels. The vessels, including the Orka Sultan, will be deployed to the ports of […]
By John Lee. Turkish logistics company DMN Lojistik has successfully delivered a shipment of goods from Gaziantep, Türkiye, to Amman, Jordan, using Iraq as a transit route under the United Nations-backed TIR system. According to a press release from the International Road Transport Union (IRU), the eight-truck convoy completed the journey in under five days, […]
By John Lee. Turkey's Minister of Energy and Natural Resources, Alparslan Bayraktar, has said that Ankara has proposed a new draft agreement to Iraq regarding the Iraq-Turkiye Oil Pipeline (ITP). In an interview with Sky News Arabia, Bayraktar noted that while the pipeline has a capacity of 1.5 million barrels per day, it has never […]
By John Lee. The Kurdistan Regional Government (KRG) Ministry of Natural Resources and the Iraqi Ministry of Oil have agreed on a new mechanism for oil exports from the Kurdistan Region of Iraq. The deal, finalised after joint meetings beginning on 17 July 2025 and site visits to all regional oil fields, was signed on […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Turkey Ends ITPA- Submission to Blackmail or Preservation of Iraqi Sovereign Rights and National Interests The Turkish government officially ended, on 21 July 2025, the Iraqi Turkish Oil Pipeline Agreement-ITOPA, effective on […]
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 […]
