The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
By Patrick M Schmidt. The Managing Director of the Iranian Gas Engineering and Development Company, Alireza Gharibi, said he expected tests to begin on the new Iran-Iraq gas pipeline by next month. "Operations for the construction of Iran-Iraq gas pipeline are complete and we are now in the pre-startup testing phase, after which the pipeline […]
By John Lee. The Iranian Fars News Agency has reported that construction of Iran-Iraq gas pipeline, which runs to the Al-Mansoureh power plant in Iraq, is now complete. A source told the news agency that supply of Iranian gas along the 48-inches-diameter pipeline should have started already but has been delayed due to the unrest […]
By John Lee. The Iraqi Embassy's commercial attache in Tehran, Shaker Rawaq al-Da'ami, has said that Baghdad and Tehran plan to establish a joint bank to ease monetary transactions between the countries. The two sides agreed to sign a Memorandum of Understating (MoU) in order to facilitate financial exchanges. Al-Da'ami also said trade and economic […]
By John Lee. The Kurdistan Regional Government (KRG) has reportedly resume the export of oil by truck to Iran. Iran closed its border crossings with the KRG for Kurdish crude oil exportation early last month. (Source: BASNEWS)
By Patrick M Schmidt. The Iranian Defense Minister, Brigadier General Hossein Dehghan (pictured), confirmed that Iraqi and Iranian security forces have been coordinating their border security efforts. The coordination is aimed at preventing militants from the Islamic State (IS) from crossing the Iran-Iraq border. Dehghan added that the threat of the Islamic State (IS) is […]
By John Lee. The Iranian FARS news agency reports that former Iranian Oil Minister Rostam Qassemi (pictured), who is now in charge of an economic body charged with improving Iran-Iraq trade ties, said Iran can double its non-oil exports to Iraq to $30 billion. Addressing a Joint Iran-Iraq Trade Conference in Tehran on Tuesday, Qassemi […]
By John Lee. It's something many academics and Maliki observers have long feared: that if cornered, Maliki would use loyalist Iraqi forces, in particular the Iraqi Special Operations Forces, to hold onto power. Instead, The Wall Street Journal have reported that Maliki has pledged to pursue his fight to retain the top spot through the courts, […]
By Patrick M Schmidt. The Kurdistan Regional Government (KRG) has announced that they will pursue a new energy contract with Iran. It is expected that this contract will be similar to the current one with Turkey. Sherko Jawdat, Head of the Industry and Energy Committee, said, “strong oil and economic relations with Iran are part […]
In an interview wtih Al-Monitor's Mehmet Cetingulec, Turkey’s Minister of Economy Nihat Zeybekci said said the Islamic State (IS) is now contacting individual Turkish businessmen to call them back to Iraq: Al-Monitor: The Islamic State is blocking Turkey’s exports to southern Iraq. Are you doing anything to overcome this? Zeybekci: Of our exports, 70% is […]
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. After the occupation of the Iraqi town of Mosul by armed groups, including the Islamic State (IS) and the Baath Party — banned by the Iraqi Constitution — prices of food increased significantly, a result […]
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. Najaf and Qom have taken two different approaches in dealing with general political affairs in Shiite communities since the introduction of the idea of velayat-e faqih. Although this idea was put forward […]
The KRG's Ministry of Housing and Reconstruction is currently building a dual carriageway connecting Erbil to Haji Omaran. Parts of the road, which include tunnels and bridges, do not pass through the old path known as Hamilton Road. After the project is completed, the road between Erbil and Haji Omaran will become a dual carriageway. […]
