By John Lee. A group of Republicans in the US Congress have introduced a bill to provide for the imposition of sanctions with respect to the importation of natural gas from Iran by the Government of Iraq. Bill H.R. 2574 -- the "No Iranian Energy Act" -- has been referred to a number of committees, […]
By Dr Ali Mamouri, for Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: How Turkmenistan can help Iraq end its energy crisis With growing energy needs and ongoing US pressure, now seems to be the right time for all involved […]
By John Lee. The London School of Economics (LSE)'s Middle East Centre has hosted a talk by Ahmed Tabaqchali, exploring the economic and financial interactions of the Iraqi economy with the outside world, particularly the use of the dollar in relation to Iran and the US. While the US' Iraq policy is still fluid, there […]
By Tony Gamal-Gabriel and Ammar Karim for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq says seeking alternatives to Iran gas Iraq is exploring alternatives to Iranian gas imports, including options in the Gulf, a government official said, as it […]
By John Lee. US National Security Advisor Mike Waltz held a call with Iraqi Prime Minister Mohammed S. Al-Sudani on Sunday, reaffirming Washington's commitment to strengthening bilateral relations with Baghdad. Mr. Waltz extended Ramadan greetings and expressed concern over recent flooding in Baghdad. Discussions focused on economic cooperation, with Prime Minister Al-Sudani outlining his government's […]
By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Make Iraq Independent of Iranian Energy By letting previous waivers expire, the United States can help Baghdad establish other suppliers and stand on its own […]
By John Lee. Iraq's Cabinet has approved the South Gas Company (SGC) to oversee the establishment of a fixed platform for importing liquefied gas. The company has been granted the following responsibilities: Coordination with Iraqi Ports Authority: Identify platform and gas storage locations, define specifications, and negotiate preparatory works including excavation, landfilling, and berth construction. […]
By John Lee. Iraq's Electricity Ministry has reported a complete halt in Iranian gas supplies to Baghdad, central Iraq, and the Middle Euphrates region for 15 days due to maintenance. This disruption has resulted in a power loss of 5,500 MW. According to a statement from the Ministry, while Iran was expected to supply 25 […]
By John Lee. Iraq's Minister of Electricity, Eng. Ziad Ali Fadel, has signed a significant agreement with Turkmenistan to secure gas supplies for Iraq's power stations. The deal, signed by Iraq's Minister of Electricity and Turkmenistan's Minister of State for Gas Affairs, Maksat Babayev, aims to diversify gas sources and ensure a steady fuel supply […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq buys 900 MW of power from Kurdistan Region daily: Ministry Iraq's electricity ministry on Sunday said it buys 900 megawatts of electricity daily from the Kurdistan Region, amid lower power production due to […]
By John Lee. Iraq's Council of Ministers has authorized the Ministry of Electricity to contract with the Swiss company Loxstone Energy for the supply of gas from Turkmenistan to Iraq via Iran under a swap agreement. Due to the importance and urgency of this contract in maintaining the operation of power plants, the deal is […]
By John Lee. Turkmenistan and Iran have signed a contract for the purchase and sale of natural gas in the amount of up to 10 billion cubic meters of gas per year, which will be supplied from Turkmenistan to Iraq through Iran under a swap scheme. The agreement was signed following negotiations between Turkmenistan and […]
