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KTFA
The port authority stated in a statement followed by Al-Sa’a Network that “this shipment is the first of its kind for Iraqi sulfur to arrive via Jordan at the port of Tartus in preparation for exporting it by sea, which demonstrates the growing confidence in the port as a pivotal logistics center on the Mediterranean.”
The statement added that “the total quantity planned for export through the port is about one million tons, which will contribute to enhancing trade activity and regional transit traffic during the coming period.” (LINK)
Government advisor: Joining the International Maritime Organization agreement enhances investor confidence in Iraqi ports.
5/26/2026 Baghdad (INA) – Amna Al-Salami –
The Prime Minister’s Financial Advisor, Mazhar Muhammad Saleh, affirmed on Tuesday that Iraq’s accession to the Convention Establishing the International Maritime Aid Organization (IMAO) enhances investor confidence in Iraqi ports and reduces transportation costs. He pointed out that joining the international organization supports the development of the Faw Port and the diversification of the Iraqi economy.
Saleh told the Iraqi News Agency (INA) that “this accession is not merely a technical or regulatory procedure, but carries significant economic and strategic dimensions that will contribute to modernizing the Iraqi maritime navigation system and raising the efficiency of port and waterway management according to modern international standards. This complements the Faw Port strategy and its importance in the future economic geography of Iraq with the world.”
He added that “joining the ICC will contribute to enhancing maritime safety, reducing risks and accidents, and improving the movement of commercial vessels in Iraqi ports, which will positively impact the flow of trade and reduce transportation costs and delays.” He pointed out that “adopting international standards for pilotage and navigational a**s will increase the confidence of international shipping and investment companies in Iraqi ports, giving Iraq a greater opportunity to attract logistical and commercial investments, especially with the major strategic projects Iraq is working on, most notably the Development Road project.”
Saleh explained that “developing the maritime and port sector will contribute to boosting non-oil revenues by increasing port fees, logistics services, and maritime transport, thus supporting the state’s drive towards economic diversification and reducing dependence on rentier resources.” He indicated that “joining the ICC allows Iraq to benefit from international expertise and technical training and development programs, which will help build specialized national cadres capable of managing a modern and advanced maritime sector.”
He emphasized that “this step represents a positive indicator of Iraq’s move towards openness with specialized international institutions and organizations and working to build advanced maritime infrastructure that keeps pace with the requirements of the global economy and international trade.”
He explained that the International Association of Lighthouse Authorities (IALA) was founded in 1957 as a non-governmental technical organization concerned with developing pilotage and navigational aid systems and standardizing maritime safety standards worldwide, before officially becoming an intergovernmental organization on August 22, 2024, following the entry into force of its convention.
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Source: Dinar Recaps
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