Tag Archives | sanctions

Iran Boosting Gas Exports to Iraq

An Iranian official said the exports of natural gas to Iraq are growing steadily and are expected to hit 40 million cubic meters a day in summer. Managing director of the Iranian Gas Engineering and Development Company (IGEDC) Hassan Montazer Torbati told Tasnim that Iran’s gas exports to Iraq are constantly increasing and nearing a […]

Iraq Struggles to Distance itself from US-Iran Tensions

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. Iraq struggles to distance itself from US-Iran tensions Iraq is trying hard to dissociate itself from the rising hostilities between Iran and the United States, as it hopes to preserve its national interests without […]

Iraq “Needs to Buy Iranian Electricity for 3 Yrs”

Iraqi Parliament Speaker Mohammed al-Halbusi said he hopes the United States will keep waiving sanctions on energy imports from neighboring Iran, noting that the Arab country will need to purchase electricity from the Islamic Republic for three years. In November last year, Washington granted a 45-day waiver on electricity to the Arab country and extended […]

Iraq gets new Sanctions Waiver to buy Iranian Energy

By John Lee. The Trump administration has reportedly granted Iraq a further 90-day extension to the waiver exempting it from US sanctions on Iran. CNBC quotes a senior State Department official as saying on condition of anonymity: “While this waiver is intended to help Iraq mitigate energy shortages, we continue to discuss our Iran-related sanctions […]

Rouhani in Baghdad seeks Outlets against US Sanctions

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. Iranian President Hassan Rouhani arrived in Baghdad on March 11 amid his government’s efforts to expand ties with Iraq to reduce the impact of US sanction on Iran’s economy. Prior to departing Tehran, Rouhani remarked, “[Iran’s ties with Iraq] […]

Video: Will sanctions affect Iran-Iraq Economic Relations?

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. How will US sanctions affect Iran-Iraq economic relations? The Trump administration is giving Iraq a few more months to continue buying oil and electricity from neighbouring Iran before the United States enforces sanctions […]

Iran questions Iraq’s Promise to Import Oil

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. Iran questions Iraq’s promise to import oil despite sanctions Iran and Iraq have quite different views of their relationship status, with Tehran claiming it’s been jilted and Baghdad declaring it’s […]

KRG “suspends Oil Exports to Iran”

By John Lee. The Kurdish Regional Government (KRG) has reportedly suspended oil exports to Iran. According to Anadolu Agency, the KRG’s Ministry of Finance and Economy did not specify a reason for the move, and “it remains unclear whether the suspension is linked to U.S. sanctions on Iran.” (Source: Anadolu Agency) (Source: Tasnim, under Creative […]

Iraq “Not Obliged” to heed US sanctions on Iran

By John Lee. Iraq’s Minister of Foreign Affairs, Mohamed Ali Alhakim [Mohammed Ali al-Hakim] (pictured) has been quoted as saying that Iraq is not obliged to abide by US sanctions against Iran. According to Rudaw, he told journalists on Wednesday: “These sanctions, the siege, or what is called the embargo, these are unilateral, not international. We […]