Tag Archives | Iran

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

Multi-Billion Dollars Needed to Keep Water Flowing

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. By Ibrahim Saleh. Multi-Billion Dollar Budget Needed To Keep Iraq’s Water Flowing In Baghdad, locals have been fretting about dramatic falls in the level of the Tigris river. The government […]

Sadr, Amiri announce Political Alliance

By John Lee. Nationalist cleric Moqtada al-Sadr and Hadi al-Amiri have reportedly announced an alliance between their political blocs. The groups who won first and second places respectively in last month’s parliamentary election. While Sadr’s Sairoon Alliance is opposed to Iranian involvement in Iraq, Amiri’s Fatah (Conquest) Coalition is head of an Iranian-backed militia. At […]

Iraqi Depositors ‘Trapped’ In Iranian Banking System

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. By Abbas Sarhan. The Iranian banking system was seen as an attractive alternative to Iraq’s shaky financial institutions. But a recent, drastic devaluation in the Iranian rial means Iraqi money […]

Turkey “Postpones” filling of Ilisu Dam

By John Lee. Turkey has reportedly postponed the filling of the Ilisu Dam on the Tigris river until July, as fears of major water shortages in Iraq increase. According to a report from The National, water levels of the Tigris have reduced significantly since last week, sparking renewed panic among Iraqis. The Turkish Ambassador to Iraq, […]

Confusion over Iran-Iraq Oil Swap

By John Lee. Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has contradicted a recent report originating from Iran’s oil ministry news agency Shana, claiming that the Iran-Iraq oil swap had started. Reuters quotes the minister as saying that implementation of the agreement has been delayed due to “logistical issues“. (Source: Reuters)

Iraq’s Pro-Iran Factions shrug off US Sanctions Push

By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Two pro-Iranian militias active in Iraq and Syria declared that possible US sanctions targeting them would be ineffective and claimed that such sanctions would actually strengthen their presence and expansion in the Middle East. The US […]

Video: Will Iran-US Tensions threaten Iraq’s Stability?

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. It’s been three weeks since the parliamentary election in Iraq and many Iraqis voted for a nationalist party opposed to foreign interference. But both Riyadh and Washington want an Iraq that is sympathetic […]

US and Iran “Face Off” in Former Extremist-Held Town

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Locals in Al Qaim, Anbar, worry that the current stable security situation can’t last. It’s being upheld by US troops and Iran-allied militias, whose antipathy toward one another is becoming […]

Iran Starts Oil Swap with Iraq’s Kirkuk

Iran started swapping oil with Iraq’s Kirkuk on Sunday, after the two neighbours sorted out the logistic issues that were preventing the swap’s startup. According to the CIF-based swap deal, Iran receives 30,000 to 60,000 bpd of oil from the Kirkuk oil fields in northern Iraq to an Iranian refinery across the border via tanker […]

US Congress Targets Iraq Election Winners

By Bryant Harris for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  As parliamentarians in Baghdad work to form a new governing coalition in the wake of this month’s elections, their counterparts in Washington are seeking to sanction more than a […]

Can Sadr swing Nonsectarian Government?

By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. After the Sairoon (On the Move) Alliance emerged victorious in the May 12 Iraqi elections, its leader, Muqtada al-Sadr, has been seeking meetings with the leaders of the other top-vote-getting alliances to discuss the possibility of forming the […]

Election leaves Iran Scrambling to Preserve Influence

By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Sairoon (On the Move) Alliance formed by Muqtada al-Sadr and the Iraqi Communist Party is ahead in the preliminary results of the Iraqi elections. More than 90% of the votes in all of […]