The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
By John Lee. Iran and Iraq have signed a Memorandum of Understanding (MOU) to set up joint industrial zones. Iran's Minister for Industry, Mining and Trade, Mohammadreza Nematzadeh and Iraqi Minister for Industry and Minerals Mohammed Shia 'Al Sudani signed the agreement on Sunday. Minsiter Al Sudani said he future of Iraq is to increase […]
The Prime Minister of Iraqi Kurdistan, Nechirvan Barzani, has received Iran’s new ambassador to Iraq, Mr. Iraj Masjedi, accompanied by Iran’s Consul General in Erbil. Recalling old relations between Kurdistan Region and the Islamic Republic of Iran, Ambassador Masjedi expressed his wish to further develop the ties between Erbil and Tehran. He expressed his readiness […]
By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi] (pictured) has announced exploration and rehabilitation projects for nine exploration blocks in Iraq. These include the onshore exploration blocks of Khudher Al-Mai, Jabal Sanam [Jebel Sinam, Jebel Sanam] and Umm-Qasr on the Kuwaiti border; the Sindbad, Huwaiza, Shihabi, Zurbatia and Naft Khana blocks on the Iranian […]
Iran's Islamic Azad University (IAU) seeks to boost cooperation with the neighboring countries and allies, a senior official at the 35-year-old organization said, unveiling plans for opening new branches in Iraq and Lebanon. Head of the Founding Council and Board of Trustees of the Islamic Azad University Ali Akbar Velayati said on Tuesday that his […]
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. As Iraqi Kurds try to iron out internal differences ahead of their referendum on independence in September, Turkey, Iraq and Iran have all announced their opposition, questioning the timing and fearing the implications of such […]
By John Lee. Rudaw reports that the construction of a dam in Iran has led to a major reduction in the supply of water to the town of Qaladze in the Kurdistan Region of Iraq. The dam in Sardasht is on the Khas river, which flows into Qaladze; water supplies are said to be down […]
Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia announced that the Islamic Republic has started exporting natural gas to neighboring Iraq. The exports of natural gas to the Arab country began on Wednesday night, the Iranian deputy oil minister said. Zamaninia also said the exports started with 7 million cubic meters (mcm) of […]
Iran’s first vice-president put forward a proposal to lift visa requirements for the Iranian and Iraqi travelers, and also called for trade exchanges between the two countries using their own currencies, namely rial and dinar. Addressing a meeting of high-ranking delegations from Iran and Iraq, attended by the visiting Iraqi Prime Minister Haider al-Abadi and […]
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. The Iraqi government’s next big problem is coming into view: The group of powerful Shiite Muslim militias loyal to Iran seem to want to keep the country enmeshed in regional […]
By John Lee. Cross-border trade has increased 20 percent in the first three months of this year after authorities installed automatic electronic system in the main border stations in January. The manager of the Kurdistan Region Customs Service told Rudaw: “The automation process has had an immediate and relatively large impact on the overall revenues […]
By Mustafa Saadoun for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. As the Popular Mobilization Units (PMU) continue their operations in the western areas of Mosul, some PMU factions reached the Syrian border May 29 and were met by Syrian […]
Iranian Ambassador to Baghdad Iraj Masjedi and the Iraqi Minister of Culture Faryad Rawanduzi held talks on a range of issues, including ways to boost relations between the two neighbors in culture and tourism. In the meeting held in Baghdad on Tuesday, the Iraqi minister hailed the relationship between Tehran and Baghdad as deep-rooted and […]
