The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
Iran's increasing influence on Iraq is very obvious, commercially, politically and militarily, but did the Saudi Arabian Foreign Minister go too far in claiming that "Iran is Taking Over Iraq"? The claim has been rejected by Iraq's Foreign Minister, who also pointed to his country's improving relations with Saudi Arabia. But what do, our readers, […]
By Patrick Schmidt. During a meeting of the Gulf Cooperation Council (GCC), member states expressed their dissatisfaction with the influence Iran has had in Iraq since the rise of the Islamic State (IS). The GCC announced they supported a united Iraq, recognized its territorial sovereignty and condemned interference in Iraqi internal affairs. Iran’s influence has […]
By John Lee. The Saudi Foreign Minister, Saud al-Faisal (pictured), has told reporters in Riyadh that “Iran is taking over Iraq.” The comments were made during a joint press conference with US Secretary of State John Kerry, in which Kerry said the United States was keeping an eye on Iran's 'destabilizing' acts, adding that his country […]
By John Lee. The Managing Director of the National Iranian Gas Exports Company has said that Iran is ready to sign an agreement with Iraq to supply Basra with 5 million cubic meters (mcm) of natural gas per day in next Iranian calendar year. Alireza Kameli (pictured) said Iran will start export one year after […]
By John Lee. New taxes in force since the beginning of last week mean that Turkish producers exporting into Iraq now need to pay US$290 per ton of exported chicken meat, rather than $35 previously. As a result, the Turkish poultry sector, which has the fourth largest share in the world’s poultry market, risks losing […]
By John Lee. Roza Othman, a member of the Natural Resources Committee in the Kurdistan Parliament, has said that the KRG will sign a contract with Iran to import gas and electricity. The imported electricity and gas will be for civilians, and the gas will be delivered by pipeline. The Head of the Parliamentary Committee […]
By John Lee. Iran’s Minister of Health, Seyed Hassan Hashemi, has announced the opening of a branch of the University of Medical Sciences in Iraq. Following a meeting with Iraq’s Minister of Education, Hasemi said that several deals have been made in the fields of pharmaceuticals, medical facilities, investment in the construction of hospitals and health […]
By John Lee. The Head of Tehran Chamber of Commerce, Yahya Al-e Es'haq [Yahya Ale-Eshaq] (pictured), has said that Iran exported technical and engineering services valued at almost $6 billion (7.2 trillion Iraqi dinars) to Iraq in the first eleven months of the current Iranian calendar year (March 21, 2014-February 19, 2015). Fars News Agency […]
By John Lee. The Deputy Managing Director of of Iranian vehicle maker Iran Khodro (IKCO) has said the company has chosen Iraq as a target market for its car exports, and opened a new showroom in Baghdad last week as a first step. Meqdad Mahmudi told Iran's IRNA news agency that both the Iraqi Oil […]
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 popular mobilization forces have been widely controversial in Iraq since their inception in June 2014. Public opinion has focused on the legitimacy of these irregular forces, their activities and the possible illegal killings committed […]
Dr. Haider al-Abadi, the Prime Minister, received Mr. Isaac Jhangere [Es'haq Jahangiri], Vice President of the Islamic Republic of Iran, who arrived in Baghdad this morning at the head of a senior-level delegation. After an official reception ceremony, a bilateral meeting was held to tackle the development of relations between the two countries and issues […]
By John Lee. Iran has issued a tender to build a second pipeline to carry natural gas to Iraq. Trade Arabia reports that the $1.5-billion project will be granted on a build-operate-transfer (BOT) basis, and all costs will be recovered through revenues from gas exports to Iraq. A pipeline will be built from the Iranian […]
