The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
By John Lee. Iraq's Council of Ministers has approved measures to expedite the construction of the new railway connection between Basra and the Iranian city of Shalamcheh. The approved actions include facilitating the transfer of land ownership to the Ministry of Transportation, ensuring necessary facilities are provided. Additionally, the General Company for Iraqi Railways, under […]
By John Lee. A security spokesperson has told Kurdistan 24 that Iraq will build 36 surveillance towers along its border with Iran. He said the aim of the project is to strengthen security and prevent smuggling. More here. (Source: Kurdistan24)
By John Lee. The heads of Iran and Iraq railways have signed a Memorandum of Understanding (MoU) for the implementation of the Shalamcheh-Basra Railway. The agreement was signed at the Iranian consulate in Basra, marking a significant step towards the development of this crucial infrastructure project. Miad Salehi, the head of Islamic Republic of Iran […]
By Dr Renad Mansour for World Politics Review (WPR). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Regional Reintegration Is Still a Work in Progress In early March, Iran and Saudi Arabia announced that they had reached a deal to reestablish diplomatic ties […]
An Iranian official announced the resumption of activity of Iran-Iraq Joint Water Committee after a long hiatus. A recent visit that Iranian Minister of Energy Ali Akbar Mehrabian paid to neighboring Iraq resulted in the activation of a joint committee in the water sector which had been suspended for a decade, the spokesperson for Iran's […]
Iran and Iraq have signed a memorandum of understanding on cooperation in the oil and gas industries. In a meeting attended by Iraqi Prime Minister Mohammad Shia al-Sudani, held in Baghdad on Wednesday, Iran's Oil Minister Javad Owji and his Iraqi counterpart Hayan Abdel-Ghani signed the MoU to cooperate in the oil, gas, and petrochemical […]
By John Lee. The Minister of Health in Iraq, Prof. Dr. Saleh Al-Hasnawi, and the Secretary-General of the Anti-Narcotics Committee in the Islamic Republic of Iran, Mr. Iskandar Momeni, signed a memorandum of understanding (MoU) on Thursday, May 11, 2023. The signing took place at the Ministry's headquarters and aims to strengthen cooperation between the […]
By John Lee. During his visit to the southwestern province of Khuzestan, Iran's President Seyyed Ebrahim Raeisi marked the official commencement of operations for the Sohrab oil field. A statement from Iran's NIOC said: "Representing the National Iranian Oil Company (NIOC), the Petroleum Engineering and Development Company (PEDEC) is managing the project and the Dana […]
By Bilal Wahab, for the Wall Street Journal. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Twenty Years After the War, Iraq Needs U.S. Support As a partner to Baghdad, Washington can establish a bulwark against malign influence in the Mideast. Click here to […]
By Umud Shokri for The Middle East Institute. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iran-Iraq competition in regional maritime and overland transit corridors In recent years, Iraq has become one of the leading destinations for Chinese investments in the Middle East […]
By Amberin Zaman, for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq expert Bilal Wahab says Turkey wants guarantees from Baghdad before allowing Kurdish oil exports to resume. Click here to hear the full interview.
Iraq to Pay Debts to Iran within 3-5 Months: Official The Chairman of the Iran-Iraq Joint Chamber of Commerce said the debt Iraq owes to Iran for import of energy will be paid within the next three to five months. "We have found several solutions to receive our debt from the Central Bank of Iraq, […]
