The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
By John Lee. Iraq and Iran, which together hold more oil reserves than Saudi Arabia, are planning to challenge Saudi Arabia's grip on OPEC and its status as the "swing producer" in the cartel, according to a report from The Telegraph. With Iraq poised to triple its capacity to 9 million bpd by 2020, the result […]
By John Lee. Al Qasim Green University announced on Tuesday (January 21st) the signing a memorandum of collaboration with the University of Tehran in Iran, reports Alsumaria. The deal covers the exchange of expertise and research, with both universities agreeing to undertake joint projects in zoology and agriculture. A delegation from the University of Tehran […]
By John Lee. Foreign Minister Hoshyar Zebari met the Ambassador of the Islamic Republic of Iran, Hassan Danae Fer, on January 9th. During the meeting, the two sides discussed the political and security situation in the region, issues of common interest and official visits of officials and delegations between the two countries. The Ambassador stressed […]
The deputy head of the National Iranian Drilling Company (NIDC), Mohammad Reza Takayedi, has said that an agreement has been signed under which Iranian drilling engineers will train Iraqi technicians. Tayakedi also said that the NIDC is seeking to operate drilling projects on an engineering, procurement and drilling (EPD) basis. The NIDC operates over 70 drilling […]
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 […]
