Iran and Iraq have come to an agreement to provide a Master Development Plan (MDP) for the development of 5 shared oilfields
Iran, Iraq to Develop 5 Oilfields
Tag Archives | Iran
The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
Iran-Iraq Oil Pipeline Closer to Construction
Iraq is planning to establish a pipeline between the southern Iraqi city of Basra and the Iranian city of Abadan to expand its exports capacity, Econews reported.
Iran to Sign Iraq Oil Pipeline Deal in a Month
Iran hopes to sign a deal with Baghdad to build an oil export pipeline from Iraq’s southern city of Basra within a month.
Iran Exports to Iraq to Top $8bn
Iranian exports to Iraq will exceed $8 billion in 2010 - up from $6 billion in 2009 -boosted by equipment and materials for the war-damaged country's reconstruction
Iraq Wants to Renew Electricity Contract with Iran
Iraq has asked Iran to continue supplying it with electricity in the future, according to an official statement reported by Azzaman. Electricity Minster Kareem Wahid held talks with the Iranian ambassador in Baghdad in the hope that Iran would agree to renew a contract regulating the purchase by Iraq of 350 megawatts from neighboring Iran, […]
Tags: Iran, Public Works
Basra Approves Free Trade-zone with Iran
Basra’s Investment Commission granted a permission to start a free trade-zone area with Iran.
Tags: Iran
Basra OK’s Free Trade-zone with Iran
Basra’s Investment Commission has granted permission to start a free trade-zone area with Iran. “The project was proposed by a local firm,” a source from the commission told Aswat al-Iraq news agency on Tuesday. He said that the firm will invest $16.2 million in the project over a period of 25 years. ( Aswat Al […]
Iranian Consul Meets with Basra Council
The deputy head of the Basra council, Ahmed al-Sulaity, met with the Iranian consul to discuss plans for future cooperation in the areas of power and water, according to an official statement. “Throughout the meeting views have been exchanged concerning cooperation between Basra province and the Islamic Republic of Iran in order to achieve the […]
OPEC Compliance Falls to 50%
Total OPEC supply rose 40,000 bpd to 29.25 mbpd, with Nigerian output jumping by more than 100,000 bpd as domestic refineries resumed production.
Iran to Set Up Exclusive Expo in Iraq
Iran's first exclusive fair in Iraq's city of Najaf will kick off on April 14, Iran's commercial attaché to Iraq said. The Islamic Republic of Iran Broadcasting quoted Mehdi Nejatnia as saying that 53 Iranian firms will showcase their latest products and achievements in the fields of food, agriculture, technical and engineering, trade, and medical […]
Tags: Industry & Trade, Iran
Iranian Bank Branches in Iraq
Iran's Parsian and Karafarin banks have been granted permits by the Iraqi government to open branches in Baghdad - Iran is the main trading partner of Iraq and has been one of the largest investors in Iraq since the fall of Saddam.
Iranian firms ready to invest in Iraq’s industry
A group of Iranian companies has expressed their readiness to invest in Iraq’s economic sector, particularly in the industrial field. “The head of the Baghdad Investment Commission, Shakir al-Zamili, has met with representatives of a group of Iranian firms working in different fields,” according to a statement released by the commission in Baghdad and received […]