Tag Archives | Iran

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

Iran Eyes Closer Banking Ties with Iraq

Iran’s president called for stronger banking relations with Iraq to allow for a growth in the bilateral trade and economic cooperation. In a meeting with Iraq’s parliament speaker in Tehran on Tuesday, President Hassan Rouhani said expansion of economic and trade ties between the two neighbors hinges on enhanced baking relations. The central banks of […]

Iran-Kurdistan Border Crossings Reopen

Iran’s two border crossings with Iraqi Kurdistan region have resumed their operations following an announcement by the Supreme National Security Council (SNSC), the director general of the Interior Ministry’s border affairs department said. Shahriar Heidari said that according to the interior minister, the Parviz Khan border crossing in Iran’s Kermanshah province and the Haj Omran […]

Pipeline Network to cover all of Iraq

By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has reportedly said that Iraq plans to build a network of pipelines to transport oil products throughout the country, as an alternative to expensive and hazardous road transport. Reuters quotes him as saying that the network will be part of a strategic plan that includes pipelines […]

Iraq’s Fifth Licensing Round

By Alessandro Bacci. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Ministry of Oil has repeatedly said that it would like to renegotiate the terms of its service contracts with the international oil companies (IOCs) to link the fees the companies receive for […]

Tehran, Baghdad sign One-Year Oil Swap Deal

Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] said on Sunday that a deal signed with Tehran to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil is for one year. “This is an agreement for one year and then we will see after that […]

Iran to Boost Gas Exports to Iraq

A top Iranian energy official unveiled plans for a rise in natural gas exports to neighboring Iraq next year. In an interview with Tasnim on Saturday, Managing Director of the National Iranian Gas Company (NIGC) Hamid Reza Araqi said the country’s exports of natural gas to Iraq will increase during the spring and summer of […]

US Sanctions on PMUs puts Iraq in Tough Spot

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  The conflict between the United States and Iran has taken a new turn toward escalation against the Iranian-backed armed Shiite factions in Iraq. But this step might harm Washington’s […]

New Oil & Gas Blocks to be offered

By John Lee. Iraq has invited international oil companies (IOCs) to bid for contracts to explore and develop nine new oil and gas blocks. The blocks are along the borders with Iran and Kuwait, with one located in the territorial waters. According to Reuters, the bidding terms will be finalised by the end of May, […]

Iran, Iraq Assess Drilling Cooperation in Oil Projects

A delegation of senior executives from Iraq’s National Oil Company visited senior officials with the National Iranian Drilling Company (NIDC) to discuss cooperation in drilling projects in Iraq. Cooperation and facilitation of NIDC’s presence in Iraqi projects were discussed during the Monday meeting of the two companies. A high-profile delegation from Iraq comprising executives of […]