Latest news with #MohamedHanoun
Iraqi News
12-05-2025
- Business
- Iraqi News
Iraq's oil exports to Turkey surpass $1.5 billion in 2024
Baghdad ( – Data recently published revealed that the value of Iraq's oil exports to Turkey surpassed $1.5 billion in 2024. With a total value of $1.64 billion, Iraq's oil exports to Turkey during 2024 reached 4.62 million tons, Shafaq News reported. This quantity represents two percent of Iraq's total oil exports to foreign countries. According to the statistics, Iraq's oil shipments to Turkey grew by 82 percent over the past four years. The spokesperson for the Iraqi Ministry of Trade, Mohamed Hanoun, revealed last month that there is an Iraqi-Turkish desire to increase the volume of trade exchange, which has surpassed $14 billion, according to statistics released by the Turkish Ministry of Trade. Given Turkey's position in the world economy, the volume of trade exchange between the two countries is steadily growing, according to Hanoun. The Turkish Minister of Foreign Affairs, Hakan Fidan, confirmed in January that the volume of trade exchange between Iraq and Turkey reached $20 billion. In a joint press conference with Iraqi Foreign Minister Fuad Hussein, Fidan said that Turkey sees its relationship with Iraq as crucial, indicating that Turkey will experience more security and stability the more Iraq does. The Turkish Minister of Trade, Omer Bolat, said in early December that his country seeks to increase trade exchange with Iraq to $30 billion. Bolat added that Turkish companies and investors have completed projects in Iraq worth $35 billion.
Iraqi News
22-04-2025
- Business
- Iraqi News
Iraq plans to increase trade exchange with Turkey
Baghdad ( – The spokesperson for the Iraqi Ministry of Trade, Mohamed Hanoun, revealed on Monday that there is an Iraqi-Turkish desire to increase the volume of economic and trade exchange, which has surpassed $14 billion, according to statistics released by the Turkish Ministry of Trade. In a statement to the Iraqi News Agency (INA), Hanoun indicated that the volume of trade exchange is steadily growing given Turkey's position in the world economy. To create a comprehensive strategy that incorporates new processes that support the growth of ties between the two countries, the Iraqi Ministry of Trade has coordinated with all government sectors and agencies. The Turkish Minister of Foreign Affairs, Hakan Fidan, confirmed in January that the volume of trade exchange between Iraq and Turkey reached $20 billion. In a joint press conference with Iraqi Foreign Minister Fuad Hussein, Fidan said that Turkey sees its relationship with Iraq as crucial, indicating that Turkey will experience more security and stability the more Iraq does. The Turkish Minister of Trade, Omer Bolat, said in early December that his country seeks to increase trade exchange with Iraq to $30 billion. Bolat added that Turkish companies and investors have completed projects in Iraq worth $35 billion. Turkey's trade minister also revealed that he reached an agreement with Iraqi officials to increase trade exchange between the two countries.
