The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
Overview The past week has seen a slight drop in the number of violent attacks taking place in Iraq. Incidents were concentrated in Baghdad and in the districts west of the capital in Anbar province. Mosul also experienced a significant proportion of attacks, while even Sulaymaniyah in Kurdistan saw incidents of unrest and reported cross-border […]
Iran’s power development firm, Sunir [Sanir] is negotiating with the Iraqi side to expand the capacity of a plant it is constructing in Baghdad from 160 megawatts to 640 megawatts. Sunir, the power construction arm of Iran’s energy ministry, is the largest foreign contributor in Iraq’s rickety power infrastructure, according the the report from Azzaman. […]
Vehicle imports through the Haji Omaran [Haj Omran, Haj Umran] border crossing (pictured) on the Iranian border north of Erbil have dropped by 73 per cent, from 2,000 cars per month in 2010 to 1,195 vehicles in the first two month of 2011, according to a report from AK News. Salar Omar, vehicles department official […]
The Iranian Deputy Energy Minister Mohammad Behzad (pictured) has said the Iranian-built Al Sadr power-plant in Iraq is an important project which is now ready to come on stream. IRINN quoted the minister as saying that the first unit of this 324 MW plant has been completed and is waiting for its fuel supply, and […]
With a year-to-date return of 14.6% as of February 7, the Rabee Securities RSISX index is the region’s second best performer so far this year. Only Iran’s TEPIX index, up 16.4%, did better. Regional stock markets have generally mirrored the lackluster performance of the Morgan Stanley global emerging markets index, which is down 1.8% year-to-date. […]
According to a report from Press TV, Iran and Iraq's Kurdistan may agree a visa waiver scheme to facilitate cross-border travels as part of a program of increased cooperation between the two sides. To facilitate cross-border travel for both Iranians and the citizens of the Kurdistan region in northern Iraq, and to encourage trade and […]
Overview Last week was one of the most violent in Iraq for several months. Over 120 people were killed and several hundred injured in a spate of suicide attacks. The total number of attacks reported did not significantly increase, but with at least seven of the attacks involving suicide bombers in very crowded areas it […]
Iran has signed a preliminary agreement to build a natural-gas pipeline to export the fuel to Syria through Iraq, the Syrian Arab National Agency has reported. The accord, signed on Thursday during Iranian Oil Minister Masoud Mir-Kazemi's visit to Syria, also provided for further cooperation in the construction of an oil refinery in Syria with […]
Iran-Iraq joint committee will start demarcating their borders in the near future, according to report published on Fars news agency on Friday. Fars reported an Iraqi deputy foreign minister as saying that a joint committee has been established in this regard to start a new demarcation of the common borders. He expressed hope that the […]
An agreement has been reached between Iraq and Iran to open a joint free market in southern Iraq’s Wassit Province, the Province’s Council Chairman said on Tuesday. “Wassit’s Council had made a big effort to reach an agreement with the Iranian side to open a joint free market between the two countries at the Zurbatiya […]
Iranian and Iraqi oil officials have reportedly reached an agreement to develop their joint oilfields in border areas, Press TV reported. "The two neighbouring states have signed an agreement for the development of joint oilfields," Mehr news agency reported on Sunday. The deal was inked during the first meeting of the two countries' joint executive […]
Due to US sanctions, Iraq has been unable to pay Iran millions of dollars owed for electricity, an Iraqi official said, potentially damaging its efforts to supply enough power to a population suffering chronic shortages. According to the report from Reuters, Adel Mahdi, an adviser to the electricity ministry, said on Wednesday that Iraq imports […]
