Tag Archives | Iran

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

Progress on Free Trade Zones between KRI and Iran

By John Lee. Iran is reportedly ready to start technical negotiations with the Kurdistan Regional Government (KRG) over the opening of two important free trade zones. Mehdi Shushtari, Iran's Consul-General in Sulaimani, told Rudaw the preliminary work at Parvizkhan and Bashmakh border crossings has already been completed. Click here to read the full story. (Source: […]

Shalamijah Border Crossing Reopens

By John Lee. Trade reportedly resumed on Sunday at the Shalamijah (Shalamcheh) border crossing between Iraq and Iran. According to Anadolu Agency, the crossing was closed from 31st July 31 until 8th August due to coronavirus. (Source: Anadolu Agency) (Picture credit: Tasnim, under Creative Commons licence)

Construction of Major Iran-Iraq Railway "Will Begin Soon"

A senior Iraqi official said the construction work for establishing a major railway project connecting the Arab country to neighboring Iran will get underway not in the too distant future. "The railway between Iran and Iraq through the Shalamcheh link will get going soon," said Qasim al-Araji, a national security adviser to the Iraqi government, […]

Iran, Iraq Determined to Meet $20bn Trade Target

Iranian President Hassan Rouhani said the governments of Iran and Iraq have decided to raise the value of annual trade exchange to $20 billion. Speaking at a joint press conference with Iraq's visiting prime minister in Tehran on Tuesday, President Rouhani said the Iranian and Iraqi governments have decided to raise the value of bilateral […]

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Senior Officials Discuss Iran-Iraq Trade Ties

Iranian Foreign Minister Mohammad Javad Zarif and Iraqi President Barham Salih weighed plans for the development of the economic and trade ties between the two countries. Zarif met with President Salih in Baghdad on Sunday for talks on a range of issues. In the gathering, Zarif and Salih highlighted the age-old and historic relations between […]

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Iran, Iraq Discuss Oil Cooperation

Iranian Oil Minister Bijan Namdar Zangeneh and his Iraqi counterpart Ihsan Abdul Jabbar discussed ways to promote cooperation between the two neighbors in the oil industry. In a telephone conversation, Zangeneh and Abdul Jabbar called for the expansion of oil cooperation between the two Muslim neighbors. The Iranian minister congratulated Abdul Jabbar on taking office […]

Iran to buy more Basic Commodities from Iraq

Governor of the Central Bank of Iran (CBI) unveiled plans for using a joint mechanism with Iraq to purchase basic commodities and items excluded from the list of anti-Iranian sanctions. Iran's top banker Abdonnaser Hemmati, who is on a visit to Iraq with a ranking economic delegation, held a meeting with his Iraqi counterpart Ali […]

Iraq Signs 2-Year Electricity Import Deal with Iran

Iran signed an agreement on exports of electricity to neighboring Iraq, covering 2020 and 2021. The two sides signed the agreement during a visit to Baghdad by Iran's Minister of Energy Reza Ardakanian, stressing their determination to broaden cooperation in the energy sector, despite American pressure on the Iraqi government to reduce economic ties with […]