The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
By John Lee. Trade between Iran and Iraq has reached $12 billion, according to the Head of Iran-Iraq Joint Chamber of Commerce, Yahya Al-e Eshaq. Addressing a conference in Tehran, he said an Iranian delegation to be headed by First Vice-President Eshaq Jahangiri will soon visit Iraq to discuss expansion of trade between the two […]
By John Lee. An Iranian company has struck a $40-million deal with Iraq for the supply of high voltage cables. Alireza Kolahi, the Managing Director of Abhar Cable & Wire Co., said the contract was won despite competition from Malaysia, South Korea, Turkey, Italy, Germany, Switzerland, UAE and Saudi Arabia. He said the Iraqi electricity industry […]
By John Lee. A director of the National Iranian Gas Company (NIGC) has said that Iran plans to begin supplying natural gas to Iraq on a regular basis by May of this year. Azizollah Ramezani said about six to seven kilometers of the pipeline has yet to be laid on the Iraqi side of the […]
By John Lee. Reuters reports that a shipping insurer has warned that Iranian oil is being disguised as Iraqi, in an attempt to flout sanctions on Tehran. Insurer West of England said that Iranian crude labelled as Iraqi crude from Basra was being transferred ship-to-ship (STS) by smugglers at the Khor Fakkan port in the […]
By John Lee. Tehran Times reports that Iran plans to increase production from the Yadavaran oilfield, which straddles its border with Iraq, from 50,000 barrels per day to 85,000 bpd by September of this year. Iran began production at the oilfield in March 2012, while Iraq has yet to start. Iran shares the Yadavaran, Azadegan, and […]
By John Lee. The Managing Director of Iran's Social Security Organization, Taqi Nourbakhsh, has told Iraqi Health Minister Adilla Hamoud Hussein (pictured) that Iran is ready to cooperate and share its experience with Iraq in the social insurance and healthcare tourism sectors. The Iranian organization operates 73 hospitals and 354 medical treatment centers, serving a […]
By John Lee. A recent announcement from the Iraqi government has stated that Baghdad and Tehran are continuing to negotiate additional plans for military aid and the reformation of a national army. Defense ministers from both nations have already signed a memorandum of understanding regarding this issue, following a visit from Iraqi Defence Minister Khaled al-Obeidi to […]
By John Lee. Foreign Minister Dr. Ibrahim al-Jaafari recently met the President of Iran, Mr. Hassan Rohani, in Tehran. The Minister was in the city to participate in an international conference on violence and extremism. He said that Iraq is progressing steadily, and it is important to clarify issues of common interest between it and […]
By John Lee. Three taxi drivers have reportedly been arrested on charges of transporting a group of Iranian prostitutes into Iraqi Kurdistan. Security forces told BasNews that they arrested the drivers at the Haji Omaran border crossing (pictured), between the Kurdistan Region and Iran. The women are said to be Iranian and Kurdish Iranian. (Source: […]
Following Prime Minister Haider al-Abadi’s decision to reshuffle senior security commanders, Deputy Interior Minister Adnan al-Asadi, an ally of former PM Nouri al-Maliki, was removed from his position. Since assuming office, Abadi has been seeking to clear key government positions from Maliki’s influence, which is effectively strengthening the Iranian-backed Badr Organisation and one of its […]
By John Lee. Iraq has inaugurated a 162-MW power station designed and built by Iran's MAPNA Group in the Heidarieh [Haidariya] district, some 25 km north of Najaf. Iran's PressTV reports that the opening ceremony on Thursday was attended by the Iranian and Iraqi energy ministers. According to the report, Iran's Energy Minister, Hamid Chitchian, […]
The fate of Abu Bakr al-Baghdadi, who may have been targeted in airstrikes conducted against an ISIS convoy in Mosul and a gathering of militants in the border town of al-Qaim in Anbar is unlikely to have dramatic effects on security dynamics in Iraq. If these reports were confirmed however, ISIS could decide to launch […]
