Why Iraq’s oil tanker ambitions have not

Shipping is one of many sectors where Iraq is still playing catch-up after decades of conflict. To this end, the Iraqi Oil Tankers Company (IOTC) recently added a new oil products tanker to its small fleet. Its vessels mostly operate within Iraqi waters, shuttling heavy fuel oil from two ports in the south of the country. The Sumer, a medium range ship with 31,000 deadwe

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Turkmenistan Eyes Lucrative Gas Deal With Iraq

By Eurasianet - Oct 14, 2023, 10:00 AM CDT   Turkmenistan is in discussions to export up to 10 billion cubic meters of gas to Iraq in a three-way swap deal involving Iran. Efforts are ongoing to advance the trans-Afghanistan TAPI gas pipeline, with Pakistan keen on deepening energy cooperation. Domestically, Turkmenistan continues to invest in the development

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Can Iraq Finally Become A Global Petrochemicals Powerhouse? By Simon Watkins

With its vast oil and gas resources, there is no fundamental reason why Iraq cannot become a world-class producer of high-value petrochemicals. In the process, it would benefit enormously from huge revenues from these value-added products and from putting a large part of the gas it currently flares to good use. There have been plans to do just this in place for several years, m

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Iraq export pipeline closure wreaks havoc on Kurdish region economy

Losses resulting from shutdown of conduit to Turkey estimated at more than $4 billion The once-thriving oil industry in the northern Kurdish region of Iraq has ground to a halt as the closure of the export pipeline to Turkey, now in its sixth month, continues, inflicting economic devastation. In late March, Turkey halted flows of oil produced in the region after an arbitrat

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