(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 […]
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The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
Tags: Electricity In Iraq, Iran
Iranian MP Warns About Slow Pace of Development of Joint Oil Fields
“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 Wants Lasting Economic Ties with Iraq
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.
Tags: Iran
Joint Bank Planned With Iraq, Turkey
Iran, Iraq and Turkey are discussing plans to set up a joint investment bank at Iran-Turkey border, an Iranian provincial official announced.
Oil Ministry is Developing "Badra" Oilfield Shared with Iranian Side
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.
Iran Exports 1.5 Million Litres of Fuel a Day to Iraq
Iran has agreed to ship 1.5 million liters of fuel to breathe life into some Iraqi power plants made idle due to fuel shortages. The agreement was struck during a visit by a high level Iraqi delegation to Tehran, a statement by the Ministry of Electricity said. The agreement comes as power outages have worsened […]
Iran, Iraq to Develop 5 Oilfields
Iran and Iraq have come to an agreement to provide a Master Development Plan (MDP) for the development of 5 shared oilfields
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