The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
By John Lee. Minister of Oil, Hayan Abdul Ghani, has launched drilling operations for the first oil well in the Fao [Faw] block during a recent visit to Basra. He underlined the Ministry's commitment to developing oil fields and exploration blocks to boost crude output and expand gas investment in support of the national economy. […]
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Iraqi Dinar Revaluation Deception: 10 Persistent False Claims Exposed For over two decades, fraudulent promoters and self-proclaimed "dinar gurus" have perpetuated an elaborate investment scam centered around the Iraqi dinar (IQD). Despite […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. US piles pressure on Iran's Iraqi allies with 'terrorist' designations Amid a growing US push to de-fang Iran's allies in Iraq, the Donald Trump administration has designated four major Shiite armed factions as […]
By John Lee. Iraq's attempt to import gas from Turkmenistan via Iran has reportedly failed following pressure from the United States. Click here to read the full article. (Source: Reuters)
By Hayder Al Shakeri for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Why is energy-rich Iraq still having to import electricity? For more than a decade, Iraq's power system has relied heavily on Iranian gas and electricity imports, which at […]
By John Lee. The US Department of State has designated four Iraqi groups as Foreign Terrorist Organizations (FTOs), describing them as Iran-aligned militia groups (IAMGs): Harakat al-Nujaba; Kata'ib Sayyid al-Shuhada; Harakat Ansar Allah al-Awfiya; and Kata'ib al-Imam Ali. Full statement from the US Department of State: The United States remains committed to countering Iran, the […]
By Akeel Abbas for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Can Iraq's partial crackdown on a powerful militia weaken Iran's proxies? The Iraqi government's unprecedented accusation that the US-designated Kataib Hezbollah (KH) carried out a deadly armed attack […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani (pictured) has directed the formation of a high-level investigative committee to examine allegations of corruption involving the mixing and smuggling of crude oil and petroleum products, both at Iraqi ports and within the country's territorial waters. Sudani stressed that there would be zero tolerance in handling […]
By John Lee. The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on a network of shipping companies and vessels led by Iraqi-Kittitian businessman Waleed al-Samarra'i, accused of smuggling Iranian oil disguised as Iraqi-origin crude. According to the Treasury, the network covertly blended Iranian oil with Iraqi oil and […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Baghdad rescinds PMU legislation as US forces redeploy to Iraqi Kurdistan Under reported threat from the US, Iraq's government has withdrawn a controversial draft law that would have significantly reshaped the country's Popular […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. U.S. Sanctions on Iran Derail Crucial Iraq-Turkmenistan Gas Deal The U.S. opposes the Turkmenistan-Iraq gas deal as it routes gas via Iran, allowing Tehran to keep a share as a transit fee and profit […]
By Ahmed Tabaqchali, for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Power Conundrum This paper aims to unpack Iraq's power conundrum first by reviewing the deficiencies […]
