The co-owners and chief operating officer of one of the largest Iraqi dinar exchangers in the United States were convicted last month by a federal jury following a five-week trial. Tyson Rhame, James Shaw, and Frank Bell were each convicted of mail and wire fraud conspiracy, as well as multiple counts of mail and wire… Read More
Iraq’s Oil Exports From Kirkuk Could Reach 400,000 Bpd
Iraq’s oil exports from the Kirkuk oil province could reach up to 400,000 bpd, higher than the 300,000-bpd exported before the halt last year, a Kurdish politician told Sputnik on Tuesday after exports resumed last week—a move that adds more oil to the market at a time when participants fear an oversupply and OPEC considers… Read More
Iraq Emerges as Iran’s Top Export Destination
Iraq has emerged as Iran’s top export destination in the current Iranian year, an official announced. The director of the export bureau of Iran’s Customs Office, Ali Akbar Shadmani, said the value of the country’s exports since the beginning of the current Iranian year (March 21, 2018) has surpassed $30 billion, with Iraq being the… Read More
Kirkuk oil pipeline deal a ‘positive gesture’ for Erbil-Baghdad relations: PM Barzani
ERBIL, Kurdistan Region – Resuming the export of Kirkuk’s oil to the Turkish port of Ceyhan via the Kurdistan Region’s pipeline is a “positive gesture” that will help resolve the constitutional dispute between Erbil and Baghdad, KRG Prime Minister Nechirvan Barzani said Monday. “Now that a new government is in place in Baghdad, we hope… Read More
Iraqi Dinar may replace US Dollar in Iran-Iraq Trade
Iranian ambassador to Baghdad said Iran and Iraq are weighing plans to eliminate US dollar in trade transactions and also lift visa requirements for citizens of the two countries. Speaking at a TV program on Saturday night, Iraj Masjedi said Tehran and Baghdad are considering plans to use Iraqi dinar for trade transactions or develop… Read More
Kirkuk oil deal could strengthen Kurdish hand in Iraq budget talks: MP
ERBIL, Kurdistan Region – Iraq’s resumption of Kirkuk oil exports via a pipeline partly managed by the Kurdistan Regional Government (KRG) could strengthen Erbil’s hand in negotiations with Baghdad to take a bigger share of the federal budget, according to a Kurdish MP in the Iraqi parliament. The exportation of Kirkuk oil through the Kurdistan… Read More
Iraq: Baghdad and Kurds strike deal to resume Kirkuk oil exports
Iraq says it has reached an initial agreement with Kurdish authorities to restart exports from the oilfields of Kirkuk, one year after flows were halted due to a standoff between the central government in Baghdad and Kurdistan’s semi-autonomous region. Asim Jihad, spokesperson for Iraq’s oil ministry, said on Friday the country’s new Prime Minister Adel… Read More
SOMO Restarts Export of Kirkuk Oil via Turkey
Baghdad has reached an agreement with Kurdish authorities to resume exports from the Kirkuk oilfields, via the Turkish port of Ceyhan (pictured). In a statement on Friday, the Ministry of Oil said between 50,000 and 100,000 barrels per day would be exported through the pipeline on behalf of the Baghdad-controlled State Oil Marketing Organization (SOMO)…. Read More
Iraq to exchange food for Iranian gas, seeks U.S. approval: government officials
BAGHDAD (Reuters) – Iraq has agreed with Iran to exchange Iraqi food items for Iranian gas and energy supplies, two Iraqi government officials said on Wednesday. Baghdad is now seeking U.S. approval to allow it to import Iranian gas which is used in its power stations, and needs more time to find an alternative source,… Read More
KRG delegation to visit Baghdad to discuss familiar disputes
ERBIL (Kurdistan 24) – A delegation from the Kurdistan Regional Government (KRG) will soon visit Baghdad to discuss its major disputes with members of the newly formed federal government of Iraq, a KRG source said on Wednesday. The group of envoys will represent the KRG as a whole, rather than encompassing only one party, a… Read More