The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
The spokesman of the Kurdistan Regional Government (KRG) rejected remarks made by the Iraqi Oil Minister, Hussein Shahrestani, on Sunday about illegal oil trade through the Kurdistan Region. Shahrestani called on the KRG to justify its position regarding exporting oil to Iran, in a statement made to the Arabic radio channel Sawa. "In accordance with […]
Iraqi President Jalal Talabani met with an Iranian official on Sunday to discuss bilateral economic relations and ways to expand trade between the two countries, according to a presidential press release. “Talabani welcomed Ali Agha Muhammadi, the economic assistant to the first vice president of Iran, and his accompanying delegation, and expressed Iraq’s keenness on […]
Despite a pledge by Iraqi Kurdistan to crack down on the flow of fuel being smuggled to Iran, the only real impediment truck drivers say they face are long lines that force them to wait for days to cross, according to a report from Reuters. Perhaps around 100 tanker trucks corralled into groups of 10 […]
Iraqi Prime Minister Nouri al-Maliki called on Iranian companies to contribute in the reconstruction operations in Iraq, according to a statement of his office. “This came during al-Maliki’s meeting with Iranian Ambassador to Baghdad, Hussein Qomi [Hassan Kazemi Qomi] , at the end of his term in the country,” said the statement received by Aswat […]
A preliminary agreement was concluded between Qadisiyah local government and a group of Iranian companies to invest in the province, the director of the Investment Committee in Diwaniyah reported on Monday. "The Investment Committee and the head of Qadisiyah council met a delegation from a group of Iranian companies to discuss the possibility of investing […]
An advisor to the governor of Diyala revealed on Thursday that the sum of $300 million was “squandered” in payments to Iran for the supply of electricity. “Iran’s Karmanshah line that supplies Diyala with electric power since 2004 caused the waste of $300 million paid to the Iranians, despite beign a mediocre service that provides […]
The managing director of the Telecommunication Company of Iran in Kurdestan province, Mohammad Saeed Ahmadi, told Fars News Agency that his company was ready to help upgrade the telecommunication infrastructure and fiber-optic systems in Iraq's northern regions. "In addition to fiber-optic projects, we have the ability to undertake all kinds of telecom activities in the […]
(Source: IRNA) IRNA, the Iranian news agency, reports that the Islamic Republic of Iran is willing to supply electricity to northern Iraq. The managing director of Kurdistan's electricity department said the Iranian electricity distribution company will supply electricity to the Iraqi national grid at the border town of Bashmag, in northern Iraq. "According to an […]
“If we compare the rate of development of Iran’s joint oil fields with other Persian Gulf regional states, we see that from 1977 onwards, very little progress has been made in Iran’s part of the joint oil fields,” Katouzian told the Mehr News Agency on Friday.
Iran must find ways to create lasting economic ties with Iraq amid fierce competition from other countries also seeking investment and trade opportunities there, Iran’s ambassador-designate to Baghdad said.
Iran, Iraq and Turkey are discussing plans to set up a joint investment bank at Iran-Turkey border, an Iranian provincial official announced.
An official source with the Oil Ministry said the ministry is currently developing several oilfields shared with neighboring countries including the oilfield, "Badra" with the Iranians.
