The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
By Bryant Harris for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. As parliamentarians in Baghdad work to form a new governing coalition in the wake of this month’s elections, their counterparts in Washington are seeking to sanction more than a […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. After the Sairoon (On the Move) Alliance emerged victorious in the May 12 Iraqi elections, its leader, Muqtada al-Sadr, has been seeking meetings with the leaders of the other top-vote-getting alliances to discuss the possibility of forming the […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Sairoon (On the Move) Alliance formed by Muqtada al-Sadr and the Iraqi Communist Party is ahead in the preliminary results of the Iraqi elections. More than 90% of the votes in all of […]
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on the Governor and a senior official of the Central Bank of Iran, an Iraq-based bank and its chairman, and a key Hizballah official, all of whom have moved millions of dollars on behalf of the Islamic Revolutionary Guard Corps-Qods Force […]
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Saudi Arabia is considering investing in 2.5 million acres of agricultural land in Iraq's western province of Anbar, which has suffered both economically and otherwise after the bitter war to regain control of the province from […]
Aiding Iraq in Reconstruction Iran’s Priority after Daesh Defeat: Defense Minister Iranian Defense Minister Brigadier General Amir Hatami said that following the defeat of the Daesh (ISIL or ISIS) terrorist group in Iraq, Iran’s priority in its cooperation with Iraq now is helping the Arab country in its reconstruction process. In a meeting with Iraqi […]
Iran’s Oil Ministry linked a 4-month delay in the implementation of an oil swap deal with Iraq to the Arab country’s unpreparedness and technical problems. In a letter to the Tasnim News Agency in response to a recent report on the lengthy delay in implementation of the oil swap deal with Iraq, Iran’s Oil Ministry […]
By John Lee. Iraq's Ministry of Oil will hold a conference on Thursday 29th March to announce for a new licensing round to develop and rehabilitate 11 exploration zones on the borders of Iran and Kuwait, including one offshore zone on the Gulf. The conference will be attended by 13 international companies which have purchased the […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The Islamic State (IS) appears to be staging a comeback in parts of Iraq, which could endanger the country's oil deal with Iran. Hamid Hosseini, the Iranian secretary-general […]
By John Lee. A new report from the Washington Institute for Near East Policy says that Iraqi hydrocarbons "will either be exploited by Iran and its allies or used for Iraq's own benefit, transforming the country into an energy export hub between the Gulf states, Turkey, and Europe. The United States has a strong strategic […]
By John Lee. Iraq’s Minister of Electricity Qassim Mohammad al-Fahdawi has met with a visiting delegation from Tehran headed by Iran's Minister of Industry, Mine and Trade, Mohammad Shariatmadari. They renewed for an additional year a contract under which Iran sells electricity to Iraq. Through four major supply lines, Iran sends 1,000 megawatts of electricity […]
By Laura Rozen for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The dealmaker: Mueller witness helped broker $4.2 billion Iraq-Russia arms deal A Lebanese-American businessman reported to be cooperating with Special Counsel Robert Mueller’s Russia probe helped broker a controversial 2012 Iraq-Russia arms deal valued at […]
