The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
By John Lee. Ziad Ali Fadel, Iraq's Minister of Electricity, has signed a five-year gas supply agreement with the Iranian National Gas Company (INGC). The contract involves daily gas delivery rates of up to 50 million cubic meters, adjustable based on system requirements. This initiative aims to sustain the momentum of power generation stations, ensuring […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq And Iran Will Expedite Development Of Sanctions-Busting Shared Oil Fields A key reason why oil prices have remained relatively subdued despite the ongoing Russia-Ukraine and Israel-Hamas wars is that […]
By Sardar Aziz for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Why the Iraqi ruling elites pivot to China Over the past 15 years, China has executed a strategy in Iraq that has been incredibly effective. By February 2024, Chinese firms […]
By John Lee. At a press briefing on Thursday, US State Department spokesperson Matthew Miller (pictured) said the United States has issued another 120-day waiver to allow Iraq to continue importing electricity from Iran. Addressing a question from the floor, Miller said: "... these are waivers that have been regularly issued to Iraq going back […]
From Tasnim, under a Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The chairman of the Iran-Iraq Joint Chamber of Commerce said banking officials from the two countries are keen to expand the monetary and banking relations. There is not any […]
By John Lee. A subsidiary of the Iran-backed Popular Mobilization Forces (PMF), described as "The General Engineering Company", signed a memorandum of understanding yesterday (Thursday) with the China Machinery Engineering Corporation (CMEC). According to a press release from the PMF, the memorandum covers cooperation in various fields including construction engineering, trade, services, and energy projects, […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Halabja locals protest Iraq's border fence with Iran The Iraqi government's decision to close the border with Iran by setting up a fence has sparked protests from locals who fear the decision will negatively […]
By Michael Knights and Hamdi Malik, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Abu Baqr al-Saeedi: Kataib Hezbollah Terrorist, Serving PMF Official The Kataib Hezbollah leader killed on February 7 in Baghdad was (until now) […]
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. What's next for Iraq and the US after drone strike killed militia leader? The Iraqi government strongly condemned the US strike that killed Abu Baqir al-Saadi, as did Iran-backed […]
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Why Iraq's dinar is trading below official dollar rate amid new restrictions A top US official visited Iraqi officials last week to discuss countering illicit finance and strengthening Iraq's […]
By Bilal Wahab for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Two Tough Scenarios for U.S.-Iraq Relations Washington's ever-narrowing Iraq policy has left it with unpalatable choices, but muddling through is a better short-term option than […]
By John Lee. The US Treasury Department has sanctioned Iraq's Al-Huda Bank, and its owner and Chairman, Hamad al-Moussawi. On Monday, the Department's Financial Crimes Enforcement Network (FinCEN) said the bank, "serves as a conduit for terrorist financing, as a foreign financial institution of primary money laundering concern." Along with its finding, FinCEN proposed imposing […]
