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 […]
Tag Archives | Iran
The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
Govt Efforts Not Enough to Prevent Diyala Water Crisis
Government efforts to reduce the shortage of irrigation water in Diyala province have proved inadequate, the Ministry of Water Resources said on Wednesday. Spokesperson for the ministry, Ali Hashim, said several wells have been drilled in agricultural areas but these wells are not enough and the Iranian authorities must allow more water to flow down […]
Weekly Security Update for 20th July 2011
Levels of violence fell slightly in Iraq last week, but there were still over 60 separate incidents recorded. Given a slight decline in the number of attacks recorded since July AKE has lowered the security risk rating for the country on Global IntAKE. Violence remains concentrated in Baghdad, Mosul and Kirkuk although attacks were […]
Tags: AKE, Green Zone, Iran, Iraq, IZ, Karbala, Kurdistan News, pilgrims, PJAK, PKK, Qandil Mountains, Religion, Security, Sha'abaniyah, Shi'ah, Turkey, US military
Ministry of Electricity Officials 'Stealing Millions in Fuel'
Officials in the Ministry of Electricity are involved in the theft of millions of dollars of fuel intended for power stations, an MP from the ruling National Coalition told AKnews on Saturday. Susan al-Saad said that the tankers used to transport fuel to power plants across the country regularly go missing, and that this would […]
Iraqi Conference Promotes Iranian Investment
Iraq's National Investment Commission (NIC) presented investment opportunities in 16 key economic sectors to a formal gathering of around 170 Iranian firms and businessmen on Wednesday in Baghdad. The sectors proposed include Iraq’s infrastructure, industry, agriculture, communications and transportation. Sami al-Araji (pictured), head of the NIC, told reporters at a press conference in the Baghdad […]
Iraq Signs $365m Iranian Gas Pipeline Agreement
Iraq signed a $365 million agreement to install a pipeline network to import natural gas from Iran for power stations in the country, according to reports from Bloomberg and Iran Independent News Service. The pipelines will eventually supply 25 million cubic meters of Iranian natural gas a day to the Sadr, al-Quds and South Baghdad […]
Tags: Al-Mansouriah, Iran, KOGAS Iraq News, Kuwait Energy, Mansouriya, Mansuria, Mansuriyah, pipelines, TPAO, Turkiye Petrolleri
Iran About to Drill for Oil on Iraqi Border
A security source in Basra Province revealed on Wednesday that Iran is preparing to drill an oil well 600 meters from the border of Iraq's Basra province, and stressed that relevant government authorities were informed of this activity, according to Alsumarianews. The source told the agency that border forces detected the installation of an Iranian […]
Iran to Supply Iraq with Gasoil for Power Generation
Bloomberg reports that Iran has agreed to supply 1.5 million liters a day (9,400 barrels), of gasoil to Iraq over the next 12 months for power generation. Masaab Serri, spokesman for the Iraqi Electricity Ministry, said in an interview that the fuel will enable power plants to generate 250 megawatts, according to the agreement signed […]
Kuwait to Offer Guarantees on Port Project?
Teh Arab Times reports that Kuwait is ready to sign an agreement with Iraq to guarantee that the Mubarak Al-Kabeer port project will not hinder the construction of Iraq's Grand Faw port. According to the Director of Information at the Iraqi Ministry of Foreign Affairs, Aous Al-Tamimi, the Iraqi Minister of State for Foreign Affairs […]
Iraq to Import Iranian Gas
Bloomberg reports that Iraq has signed an initial agreement to import 25 million cubic meters of natural gas a day from Iran in order to supply its power stations. The agreement provides for the installation of pipelines within 18 months to transport gas from Iran to the Sadr and al-Quds power stations in Baghdad, Mosaab […]
Tags: Al-Mansouriah, Iran, KOGAS Iraq News, Kuwait Energy, Mansouriya, Mansuriyah, Turkiye Petrolleri
Iraq beyond 2011: Prosperity or Turmoil?
By Tariq Abdell, Iraq’s political risk analyst, Founder & CEO of Mesopotamia Insight. The opinions expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. The recent upsurge in violence across Iraq ( sticky bombs, car bombs, roadside bombs, targeted assassinations, suicide bombers, prison breaks, etc...) underscores, irrefutably, […]
Kurdistan Will Expand Faster Than Dubai
US companies are put off from investing in Kurdistan by security fears, even though the Iraqi region is relatively safe and stable. Iranian businesses are more aware of the lower risks in this part of the country and are desperate to invest and take advantage of its heavy investment and rapid growth, despite tax and […]