The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has said an agreement will soon be signed with Iran to jointly invest in two oil fields shared between the two countries. Last month, Iraq’s Ambassador to Tehran, Rajih al-Mussawi, said his country was considering a plan to cooperate with Iran to develop the Azadegan oil […]
By John Lee. Iran has reportedly closed its airspace to all flights originating in Iraqi Kurdistan. It's state-run IRNA news agency said on Sunday that the move followed a request from Baghdad. In a separate development, an Iranian official has been quoted as saying that plans are in progress for direct flights between Erbil and […]
By John Lee. An Iranian official has been quoted as saying that plans are in progress for direct flights between Erbil International Airport (pictured) and the city of Urmia, in Iran’s Kurdistan province. Ahmad Montazami, the head of the Iranian Foreign Ministry's office in Urmia, told Fars News Agency that the service could be started […]
By John Lee. Iran's Trade Promotion Organization (TPOI) has issued data showing that five countries -- China, Iraq, UAE, South Korea and India -- accounted for 68.7 percent of Iran's total non-oil exports in the first five months of the current Iranian fiscal year (March 20-Aug. 22). Its non-oil exports (including gas condensate) fell 5 percent […]
Iran’s Deputy Energy Minister for Electricity and Energy Affairs Houshang Falahatian (pictured) has stated that the power grids of Iran and Iraq will be interconnected in mid-November 2017. “Iran is ready to take a serious part in reconstruction of the Iraqi electricity grid once terrorists have been eliminated from the area” Falahatian added. He also […]
By Fazel Hawramy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Mlitary commanders and diplomats from both Iran and the United States are swarming Iraqi Kurdistan in a last-ditch attempt to convince the Kurds, an important ally in the war against the Islamic State […]
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. Ayatollah Mahmoud Hashemi Shahroudi, the newly appointed chairman of Iran’s Expediency Council, visited Iraq recently, fueling speculation about his political agenda. His meetings indicate that he most likely was seeking to unify Shiites […]
The Iraqi embassy and consulates in Iran on Monday started to issue visa for the Iranian applicants intending to visit the Arab country for Arbaeen pilgrimage. The formal visa-issuance process kicked off during a ceremony at the Iraqi embassy in Tehran, attended by Ambassador Rajih Sabir Aboudi al-Mousavi. In addition to the Iraqi embassy, the […]
By John Lee. The Trade promotion Organization (TPO) of Iran is to establish two permanent trade centres in Iraq. Iran's commercial attaché in Iraq, Nasser Behzad, said the centres will cover various areas including foodstuffs, construction materials, medicines and medical equipment, technical and engineering services. You can find out more about opportunities in Iran at […]
By John Lee. Iran's Oil Minister Bijan Zanganeh has said Iranian companies are ready to execute oil and gas industry projects in Iraq. He added that Iran's oil ministry is prepared to increase cooperation with Iraq in the oil and gas sector. In June, Iran began exporting gas to Iraq after a several years of […]
By John Lee. The governor Basra has reportedly stepped down and gone to Iran following an investigation by the Integrity Commission into allegations of corruption against him. The Integrity Commission has asking the foreign ministry in Baghdad to ask Iran to repatriate Majid al-Nasrawi. According to a report from Reuters, a Basra-based politician close to Nasrawi […]
Iraqi Interior Minister Qasim al-Araji (pictured) has said that Saudi Prince Mohammad bin-Salman has "officially asked Iraq to act as a mediator between Tehran and Riyadh to reduce tensions." According to a news agency report, Al-Araji made the remarks at a joint press conference with his Iranian counterpart Abdolreza Rahmani-Fazli in Tehran. Referring to his […]
