The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
Iraq and Iran have agreed that the Iraqi committee for demarcation of borders between the two countries should complete its mission by the end of the year, according to AKnews. Ahmed al-Shekhani, a member of the committee, told the agency that the related bodies agreed for the committee to assign landmarks on the border areas of […]
While last week was bloody in Iraq, levels of violence actually fell slightly in the country from the week before. Nonetheless, conditions should still be regarded as hostile, with dozens of people killed in a series of suicide bombings towards the end of Ramadan. As well as several such attacks in the centre of the […]
Azzaman reports that the Iran Foreign Investment Company (IFIC) is willing to invest heavily in a number of projects in the southern Iraqi province of Wassit, and is prepared to accept deferred payment for its acvities. The head of the province’s information office, Majid al-Atabi, said the company’s offer was tempting because Wassit did not […]
Fars News Agency reports that a senior Iranian oil official has announced that the country has worked out an agreement with Iraq to develop joint oil fields along the countries' shared border. The Managing Director of the Iranian Central Oil Fields Company (ICOFC) Mehdi Fakour added, "We are waiting for the Iraqis to be prepared […]
Iran's Deputy Commerce Minister, Hamid Safdel, said Iran has plans to increase its annual trade with Iraq from the current level of around $6 billion to $10 billion, the official IRNA news agency has reported. Speaking at a seminar titled "Opportunities in the Iraqi Market", the minister said that the Iraqi market is very competitive, […]
Up until Monday, the past week was turning into one of the quietest so far this year, but then a series of mass casualty attacks swept the country, leaving dozens of people dead and injured. Provincial government buildings and security force installations and patrols were the most common targets of the attacks, although civilians were […]
The Iraqi Trade Ministry said Wednesday that the value of trade with Iran, discounting oil activities, has hit $4 billion [4.8 trillion Iraqi dinars] this year so far, according to a report from AKnews. The Director General of Foreign Economic Relations at the ministry, Hashem Hatem, told the agency that the Ministry is seeking to […]
Levels of violence neither escalated nor decreased significantly in Iraq over the past week, although thankfully conditions are currently quieter than earlier in the summer. Across the country there were no reported kidnappings or suicide bombings, which is a welcome change from normality. It is likely that militants are lying low at present, partly because […]
Levels of violence rose slightly in Iraq over the past week although conditions remain quieter than much of the year so far. Fewer than 50 people were killed, which is a moderate figure by Iraqi standards, albeit still abhorrently high. A notable number of the dead and injured were caught up in a double suicide […]
There was a reduction in overall levels of violence in Iraq last week, making it the quietest week in the country since February. Baghdad actually had the quietest week so far in 2011, which is promising, except that the authorities have warned that the lull is likely to be temporary. It may be the case […]
Iran plans to increase its electricity exports to Iraq to 1,250 megawatts, the Iranian Energy Minister Majid Namho told Mehr News Agency on Tuesday. Mehr quoted the Iranian Minister, in a meeting in Tehran with Iraq’s Electricity Minister, Raad Shallal Saeed al-Any [Ra'd Shalal al-Ani], that “Iran’s power exports for Iraq, now estimated at 800 […]
The Iranian Shana news agency reports that senior oil officials from Iran, Iraq and Syria have signed a trilateral deal on gas trade in Iran on Monday. The deal, reportedly worth 10 billion dollars [12 trillion Iraqi dinars] involves the construction of a 5,000-kilometer (3,100-mile) pipeline to transfer Iran’s gas from the South Pars gas […]
