The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
By Anne-Laure Barbosa at Edinburgh International On 25 October, Prime Minister Haider al-Abadi visited the newly-liberated town of Jurf al-Sakhar, south of Baghdad, taking advantage of a rare opportunity to consolidate the legitimacy of the Iraqi government in their fight against ISIS. These fresh territorial gains, which also include parts of Nineveh and Kirkuk, followed sustained […]
By John Lee. Iranian companies are reported to be implementing water and electricity projects in Iraq worth over $1.3 billion (1.5 trillion Iraqi dinars). According to an article from Trend, an Iranian Energy Ministry official said Iranian companies were currently working on 31 projects in Iraq in these sectors, and added that he expects more […]
By John Lee. Iraq's new Minister of Electricity, Qasim Mohammad Abid Hammadi al-Fahadawi [Qassim al-Fahdawi] (pictured), is to travel to Iran on Tuesday to hold talks on electricity imports. At a meeting with his Iranian counterpart, Hamid Chitchian, the Minister will also discuss the expansion of economic ties between Tehran and Baghdad. In 2013, the […]
By Vager Saadullah for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iranian Peshmerga Chief: Iran set Ambushes for us The head of the Iranian peshmerga said his forces acted in self-defense during rare clashes with Iranian forces on Sept. 13, which resulted in deaths on […]
By John Lee. Iran Khodro (IKCO) has reportedly announced its intention to increase production at its Iraq plant from 50 cars a day to 100. The plant, in the central Iraqi city of Iskandariya, is IKCO’s largest car plant outside Iran. According to a report from Just Auto, a drop in transportation fees and a […]
By John Lee. Iran’s oil minister, Bijan Namdar Zanganeh (pictured), has said that Iran is actively working in all the oil fields it shares with Iraq, and will extract its entire share of oil in these joint fields. The was speaking during a visit to Cheshme Khosh Oil Company in Dehloran, near the Iraqi border. […]
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. Spokesman For Iraqi Kurdish Govt: ‘New US Airbase in Erbil No Threat To Iran’ NIQASH interviewed Safeen Dizayee, the spokesperson for the government of semi-autonomous Iraqi Kurdistan. During a candid […]
By John Lee. A report by Chris Dalby of Oilprice.com finds that the 11 oil fields that IS controls in Iraq and Syria have made it a largely independent financial machine. Its fields in Iraq alone are thought to produce between 25,000 and 40,000 barrels of oil per day, earning it an estimated $1.2 million [1.4 […]
By John Lee. Iran's PressTV has reported that Iran plans to buiild at least 10 compressed natural gas (CNG) stations in Iraq. An official at the National Iranian Oil Products Distribution Company, said construction of the stations will start once the new pipeline carrying Iranian natural gas to Iraq becomes operational by March 2015. He […]
By John Lee. The Governor of Thi Qar [Dhi Qar], Yehya ala-Nasiri, has told Aswat Al Iraq that Iran proposes opening an representative office in the province, to facilitate the work of Iranian companies in the area. The proposal was made following a meeting with the Iranian consul in Basra province, Hameed Reza Mukhtas Abadi. […]
By John Lee. Newly-appointed prime minister Haidar al-Abadi has called for an end to the boycott by a number of governorates of products from neighbouring countries, including Saudi Arabia. He urged those provinces to instead develop their economies through regional cooperation, particularly with neighbouring states. A number of provincial councils, including Baghdad, Basra and Najaf, […]
By John Lee. Iraq has agreed to increase cement imports from Iran. Jahanbakhsh Sanjabi Shirazi, the head of Iran-Iraq Joint Chamber of Commerce, told Fars News Agency: "As of September 1, each (Iranian) company can export 15,000t of cement into the neighbouring country from Shalamcheh, Chazzabeh and Mehran border terminals." He noted that the new […]
