The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
By Ayser Jabbar for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The year 2013 registered high levels of commercial exchange between Iraq and Iran, which reached — according to both Iraqi and Iranian officials — more than $12 billion. This comes at a […]
By John Lee. The Head of Iran's Petrochemical Research and Technology Company (PRTC), Gholam Reza Jokar, has said the company is negotiating the export of services to Iraq. He said he hoped that a final deal for exporting PRTC services to Iraq will be reached soon, adding that Iraqi officials have shown interest in Iranian […]
By John Lee. Iran is to increase its electricity exports to Iraq by an additional 500MW. According to a report from PressTV, the Iranian Energy Minister Hamid Chitchian (pictured) said: “The first outcome of these accords is the increase of electricity exports by 500 megawatts (MW) in addition to previous agreements reached with the country .... […]
By Ayser Jabbar for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq’s aspirations to increase its oil exports to close to 7 million barrels per day by 2017 drew criticism from the Iranian Ministry of Petroleum. Iranian Petroleum Minister Bijan Namdar Zangeneh regarded […]
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Prime Minister Nouri al-Maliki will visit Tehran following the historic agreement that Tehran reached with the five permanent members of the UN Security Council plus Germany (P5+1) over its nuclear program. […]
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. Iraqis welcomed the ascent of moderate candidate Hassan Rouhani in Iran’s recent presidential elections, hoping for a change in Iran's policy toward Iraq and a stop to its interference in Iraq's affairs. […]
By John Lee. Tehran Times reports that Iraq is set to sign a new contract covering gas imports from Iran. Deputy prime minister Hussain al-Shahristani (pictured) said a gas pipeline being built between Iran and Iraq could become operational in November. The countries signed a four-year agreement in July for the supply of 850,000 Mcf/d of […]
By John Lee. The Australian reports that the company at the centre of the Leighton Holdings bribery allegations has denied any involvement in corruption in Iraq, or having links to the Oil Minister and Prime Minister. Unaoil, which is based in Monaco, was alleged to have been paid kickbacks by Leighton to secure an oil […]
By John Lee. The National Iranian Drilling Company (NIDC) has signed an agreement with the Iraqi Drilling Company under which Iran will provide personnel training and supervision of Iraqi drilling operations. According to a report from Iran's PressTV, the agreement was signed by NIDC Managing Director Hamid-Reza Golpayegani and Deputy Director-General of the Iraqi Drilling […]
By John Lee. Iran's PressTV reports that Iran and Iraq have signed a memorandum of understanding to boost defense cooperation. The MoU was signed on Thursday by Iranian Defense Minister Brigadier General Hossein Dehqan and his Iraqi counterpart, Saadoun al-Dulaimi (pictured), who was visiting Tehran. The ministers described the agreement as an important factor in […]
By Muhammad Jawad Adib for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Tourism is the biggest economic resource for Iraq after oil, but the industry's focus on religion in general and on Iranian pilgrims in particular has made the Iraqi tourism sector dependent […]
By John Lee. Global Cement reports that Iraq has banned imports of Iranian white cement from the Iranian border towns of Shalamcheh and Chazabeh. Sadeq Sava'edi, the deputy head of Khuzestan's Cement Exporters Union, told the ISNA news agency that Iraq is still importing grey cement and other construction materials, adding that Iran exports 8000 […]
