Reuters reports on Sunday that the cut in Baghdad's allocation of fuel to Iraqi Kurdistan is related to the admission last month that the region is has been exporting petroleum products through Iran. We reported at the weekend that the cut was in response to the new gas agreement between the Kurdistan Regional Government (KRG) […]
Tag Archives | Iran
The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
New Air Service Between Basra and Mash'had
Iraqi Airways is planning to initiate its new service between Basra and Mash’had [Mashhad] in eastern Iran, according to a Transportation Ministry statement on Tuesday, quoted by Aswat al Iraq. "The Transport Minister, Amer Abdul-Jabbar, has instructed Iraqi Airways to initiate a route between southern Iraq’s Basra and Iran’s Mash’had from September 9, 2010, with […]
Iran to Claim $1 Trillion War Reparations from Iraq?
Debate is raging in Iran regarding the issue of claiming reparations from Iraq in relation to the Iran-Iraq war in the 1980s. Earlier this month, a member of the Majlis (the Iranian parliament), Eivaz Heidarpour, who is also a member of Iran's National Security and Foreign Policy Committee, said that Iran could claim compensation from […]
Nabucco Pipeline Consortium Confirms Iraq, Drops Iran
The Nabucco pipeline project has taken another step forward. At their latest Steering Committee meeting in Ankara, the shareholders agreed on a modification of the feeder line concept. Two feeder lines were confirmed and the respective engineering works were ordered but due to the current political situation, Nabucco Gas Pipeline International is not planning a […]
Iranian Offer to Build 100,000 Houses in Baghdad
An Iranian delegation has made an offer to the Baghdad Investment Commission to build 100,000 residential units in the Iraqi capital. “The delegation informed the commission that the units will be designed to modern standards, and will be funded through investment,” the commission said in a statement received by Aswat al-Iraq news agency. It noted […]
Iran Opens Trade Center in Kurdistan
An Iranian trade center was opened on Wednesday in the Kurdistan Region’s second largest city of Sulaimaniya, with Iran’s assistant trade minister and local officials in attendance, according to AKnews. It is the second Iranian trade center in Kurdistan and it includes wholesale and retail sections for agricultural, technology, housing, and food products. Around 45 […]
Tags: Iran, Kurdistan News
Iran Envoy Vows Close Economic Ties with Iraq
Iran's new ambassador to Iraq said that trade between the one-time rivals will double in the near future, even as his country is under stringent international sanctions over its nuclear program, according to a report from BusinessWeek. The prediction by Hassan Dannaie Fir reflects the strengthening of relations between the two Shiite-led neighbors who fought […]
Tags: Iran
Iraq 'Loses 150 Oil Wells' in Border Demarcation
A former member of the Iraqi parliament has announced that Iraq lost oil wells in the border demarcation with Iran and Kuwait. Some other oil wells are located in the common Iraqi-Iranian borders in Faw and Khanaqin, but they are not divided between both parties. The Iraqi government has lost a great amount of its […]
Iraq Confirms Transit Of Iranian Gas To Europe
Following last week's announcement that Iraq will import gas from Iran, the country's senior deputy oil minister confirmed on Monday that it has tol Iran that it is ready to allow the transit of Iranian natural gas destined for Syria and Mediterranean countries. Kareem Al Luaby gave the confirmation to Dow Jones Newswires by telephone […]
Post-Conflict Iraq: U.S. vs Iran
By Tariq Abdell, Founder & Chairman, Mesopotamia Insight. The opinions expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. I always believe that politics is the art of compromising, in other words, is knowing when and where to give or to ask. Alas, President Obama's letter, […]
Tags: Iran, Tariq Abdell
Iraq to Import Gas from Iran
A memorandum of understanding signed with Iraqi officials calls for the import of as much as 300 million cubic feet (8.6 million cubic meters) of gas per day from Iran, an Iranian director said. Javad Oji, a managing director at the National Iranian Gas Co (NIGC), said an Iranian delegation traveled to Iraq at the […]
Iran/Iraq Business Prospects Conference in Tehran
Business opportunities and investment prospects in Iran and Iraq will be reviewed in a conference in Tehran on August 8. The Director of the Iranian Privatization Organization (IPO), Gholam-Reza Kord-Zanganeh, who is also secretary of the conference, said that they aim to facilitate an interaction and interchange of ideas and between the two countries' businesses. […]
Tags: Iran