Tag Archives | Iran

The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News

Basra Governor “quits” after Corruption Investigation

By John Lee. The governor Basra has reportedly stepped down and gone to Iran following an investigation by the Integrity Commission into allegations of corruption against him. The Integrity Commission has asking the foreign ministry in Baghdad to ask Iran to repatriate Majid al-Nasrawi. According to a report from Reuters, a Basra-based politician close to Nasrawi […]

Saudi Prince “asked for Iraq’s Mediation for ties with Iran”

Iraqi Interior Minister Qasim al-Araji (pictured) has said that Saudi Prince Mohammad bin-Salman has “officially asked Iraq to act as a mediator between Tehran and Riyadh to reduce tensions.” According to a news agency report, Al-Araji made the remarks at a joint press conference with his Iranian counterpart Abdolreza Rahmani-Fazli in Tehran. Referring to his […]

Iran-Iraq Pipeline comes with Major Environmental Costs

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  On July 21, farmers complained about a gas pipeline dredging their farmlands. The pipeline carries gas from Iran to Baghdad through Bismayah, which is located in southeast Baghdad. […]

Iran says Gas Exports to Iraq set to Increase

Iran‘s deputy oil minister has said gas exports to Iraq has reached 7-8m cubic metres per day and will increase as demand is growing, the official Islamic Republic News Agency (IRNA) reported on July 28. Hamid Reza Araqi (pictured), who is also the head of the National Iranian Gas Company (NIGC), said Iraq has suggested […]

Iran, Iraq Agree to Build Kirkuk Pipeline

Iranian Oil Minister Bijan Zanganeh said Tehran and Baghdad have reached an initial agreement to build a pipeline that would export crude oil from the northern Iraqi fields of Kirkuk via Iran. Iran and Iraq are ready to promote their cooperation in the area of energy, Zanganeh said on Sunday after a meeting with his […]

IDRO Eyes Cooperation with Iraq in Energy, Industry

The Industries Development and Renovation Organization of Iran (IDRO) is ready to cooperate and collaborate with the neighboring Iraq in the field of energy, renovation of industries and training managers. Chief Executive Mansour Mo’azami announced the above statement in his meeting with the visiting Iraqi Minister of Industries Mohammed Shia Al Sudani. The two sides […]

Iran and Iraq discuss Increased Cooperation

Ranking diplomats from Iran and Iraq held two meetings of a joint political committee on Sunday to explore avenues for the expansion of ties between Tehran and Baghdad, particularly in the economic field. Iranian Deputy Foreign Minister for Arab and African Affairs Hossein Jaberi Ansari and Iraq’s Deputy Foreign Minister Nazar Khairallah co-chaired two separate […]

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Rasheed Bank applies to open Branch in Iran

By John Lee. Iraq’s state-owned Rasheed Bank has applied for permission to set up a branch in Iran. At a meeting on Sunday between Iran’s Minister for Industry, Mining and Trade, Mohammadreza Nematzadeh, and Iraqi Minister for Industry and Minerals, Mohammed Shia ‘Al Sudani, Minsiter Al Sudani said he hoped the application would be approved. […]

Iran, Iraq to set up Joint Industrial Zones

By John Lee. Iran and Iraq have signed a Memorandum of Understanding (MOU) to set up joint industrial zones. Iran’s Minister for Industry, Mining and Trade, Mohammadreza Nematzadeh and Iraqi Minister for Industry and Minerals Mohammed Shia ‘Al Sudani signed the agreement on Sunday. Minsiter Al Sudani said he future of ​​Iraq is to increase […]

PM Barzani meets Iran’s New Ambassador

The Prime Minister of Iraqi Kurdistan, Nechirvan Barzani, has received Iran’s new ambassador to Iraq, Mr. Iraj Masjedi, accompanied by Iran’s Consul General in Erbil. Recalling old relations between Kurdistan Region and the Islamic Republic of Iran, Ambassador Masjedi expressed his wish to further develop the ties between Erbil and Tehran. He expressed his readiness […]

New Oil Exploration Blocks Announced

By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi] (pictured) has announced exploration and rehabilitation projects for nine exploration blocks in Iraq. These include the onshore exploration blocks of Khudher Al-Mai, Jebel Sanam (Jabal Sanam) and Umm-Qasr on the Kuwaiti border; the Sindbad, Huwaiza, Shihabi, Zurbatia and Naft Khana blocks on the Iranian border; and […]