The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
By John Lee. Iraq has reportedly cancelled a contract to develop its Mansuriya gas field near the Iranian border. Iraq Business News understands that, under a deal agreed in 2010, the field was being developed by Turkish Petroleum (TPAO) (37.5%), Iraqi Oil Exploration Company (25%), Kuwait Energy (KEC) (22.5%), and Kogas (15%). According to Reuters, […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Drug smuggling, abuse on the rise in Iraq Iraq suffers from the flow of drugs from neighboring countries, especially Iran, through the marshes and other border crossings, and […]
By Michael Knights, 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. Back into the Shadows? The Future of Kata'ib Hezbollah and Iran's Other Proxies in Iraq Kata'ib Hezbollah was Iran's most favored militant group in Iraq […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Significant challenges face Kadhimi's economic reform project Iran's central bank governor, Abdolnaser Hemmati (pictured), recently paid a surprise visit to Baghdad, three days after the United States slapped sanctions […]
From US Dept of the Treasury: The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is designating Iraj Masjedi (pictured), a general in Iran's Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and Iran's Ambassador to Iraq, for acting for or on behalf of the IRGC-QF. A close adviser to former IRGC-QF Commander Qassem […]
The Governor of the Central Bank of Iran has said his negotiations with Iraqi officials have yielded "positive" results, as the Arab country has given its approval to the release of Iran's frozen assets for the purchase of basic commodities. In remarks on Monday, Abdolnasser Hemmati said he held a trilateral meeting with Governor of […]
By Hamdi Malik, 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 Kadhimi curb the influence of Iran-backed militias in Iraq? Notwithstanding Iraqi Prime Minister Mustafa al-Kadhimi's desire to bring all of Iraq's armed groups under the authority of […]
By John Lee. Iraq's new Ambassador to Iran, Naseer Abdul Mohsen Abdullah, has presented his credentials to Iranian Foreign Minister Mohammad Javad Zarif. According to a statement from the Iraqi Ministry of Foreign Affairs, the importance of strengthening cooperation relations between the two countries was discussed, and the Ambassador expressed his hope for more cooperation […]
The foreign ministers of Iran and Iraq held a meeting in Tehran to discuss a broad range of political and regional issues, including plans to broaden relations between the two Muslim neighbors. In the Saturday meeting with his Iraqi counterpart in Tehran, Iranian Foreign Minister Mohammad Javad Zarif expressed Tehran's backing for the political trend […]
By John Lee. The United States has reportedly granted Iraq a 60-day extension to a sanctions waiver allowing it to import Iranian gas. According to the report from AFP, Iraq relies on gas and electricity imports Iran to supply about a third of its electricity sector. More here. (Source: AFP)
Iraq Forms Delegation to Negotiate Water Share with Iran, Turkey The Iraqi Foreign Relations Committee in Parliament formed a special delegation headed by the Minister of Water Resources, Mahdi Rashid Al-Hamdani, to resolve the water file with Iran and Turkey. The committee's rapporteur, MP Iqbal Abdul Hussein, said the Ministry of Foreign Affairs had been […]
By Shelly Kittleson, for the Italian Institute for International Political Studies (ISPI). Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The Future of International Security Assistance in Iraq Almost three years after Iraq declared victory against the so-called Islamic State (IS), whether and to […]
