The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
By John Lee. Private investors from Iraq and Turkey have reportedly held preliminary negotiations with Iran to expand and modernize its fuel stations. According to a report from Petrol Plaza, there are 3,600 fuel stations and 2,400 compressed natural gas (CNG) stations in Iran which need renovation and investment. To date, more than 250 state-controlled […]
Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] said on Sunday that a deal signed with Tehran to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil is for one year. “This is an agreement for one year and then we will see after that […]
A top Iranian energy official unveiled plans for a rise in natural gas exports to neighboring Iraq next year. In an interview with Tasnim on Saturday, Managing Director of the National Iranian Gas Company (NIGC) Hamid Reza Araqi said the country’s exports of natural gas to Iraq will increase during the spring and summer of […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The conflict between the United States and Iran has taken a new turn toward escalation against the Iranian-backed armed Shiite factions in Iraq. But this step might harm Washington’s […]
By John Lee. Iraq has invited international oil companies (IOCs) to bid for contracts to explore and develop nine new oil and gas blocks. The blocks are along the borders with Iran and Kuwait, with one located in the territorial waters. According to Reuters, the bidding terms will be finalised by the end of May, […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Rescue teams have been deployed to the regions struck by Sunday’s 7.3 magnitude earthquake on the Iran-Iraq border; initial assessments are that some eight Iranian villages have been affected. At least 207 people […]
A delegation of senior executives from Iraq's National Oil Company visited senior officials with the National Iranian Drilling Company (NIDC) to discuss cooperation in drilling projects in Iraq. Cooperation and facilitation of NIDC's presence in Iraqi projects were discussed during the Monday meeting of the two companies. A high-profile delegation from Iraq comprising executives of […]
By John Lee. Iraq's State Oil Marketing Organization (SOMO) has reportedly confirmed that talks are ongoing between Baghdad and Tehran to export crude oil from Kirkuk to the Kermanshah refinery (pictured) in Iran. SOMO Director Alaa al-Mussawi is quoted as saying that trucks would initially supply 15,000 barrels of crude oil per day (bpd) to […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraqi-Saudi relations have witnessed significant improvement after years of boycott that had worsened during Nouri al-Maliki’s rule between 2006 and 2014. On Oct. 22, the establishment of a Coordination […]
By Fazel Hawramy for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. For now, Prime Minister Haider al-Abadi has pushed the separatist Kurds back and extended the power of the federal government once again to the areas considered disputed under the […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On the borders of Iraqi Kurdistan, thousands of locals find work carrying contraband goods into Iran. Recently though, the job’s been getting more dangerous thanks to the Kurdish independence referendum. […]
Chief of Staff of the Iranian Armed Forces said on Monday that the country’s border with Iraqi Kurdistan region will reopen in coming days. Speaking to reporters on the sidelines of a local ceremony, Major General Mohammad Hossein Baqeri pointed to the ruling Kurdistan Democratic Party led by Masoud Barzani’s attempts in the Iraqi Kurdistan […]
