The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
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 […]
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. The Sept. 8 visit by Iranian Foreign Minister Mohammad Javad Zarif to Iraq caught the media's attention, but that of Qassem Soleimani, commander of the Iranian Revolutionary Guards Quds Force, in […]
By Harith Hasan for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq is currently the scene of a sharp regional conflict between Iran and its opponents. This is nothing new, however. Regional events have come to show that any country witnessing political or social instability, amid […]
By John Lee. According to a report from Tehran Times, Iran will double output at the Yadavaran oilfield, which straddles the border with Iraq, to 50,000 bpd by the Iranian calendar month of Dey (beginning 22nd December). Production started in February 2012 and the oilfield is currently producing 25,000 bpd of crude oil, but 55 […]
By John Lee. Iraqi power stations are using nearly 60 million liters of fuel per day, according to a report from Azzaman. The Oil Ministry issued the statistics in response to complaints by the Ministry of Electricity, which has repeatedly blamed lack of fuel for power shortages. Last month Iraq signed a multi-billion deal with […]
According to The Express Tribune, Iraq’s Kurdistan region is exporting crude oil by truck to an Iranian port for shipping to Asia, using a trade route that is likely to anger both Baghdad and Washington. In a dispute largely over revenue sharing, Kurdistan’s crude exports through a pipeline controlled by the Iraqi central government, dried […]
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. On July 19, outgoing Iranian President Mahmoud Ahmadinejad paid his last official presidential visit to Iraq, where he was received by Iraqi Vice President Khodair al-Khozaei. Ahmadinejad’s first visit to Iraq in […]
By John Lee. A spokesman for the Electricity Ministry, Musab al-Mudaris, confirmed on Tuesday that Iraq has signed a deal with Iran to import natural gas for power generation. Associated Press reports that under the four-year deal, Iraq buy 850 million cubic feet a day of gas at international market prices, but UPI says no […]
By John Lee. Iran's outgoing president, Mahmoud Ahmadinejad, is set to make a two-day visit this week to Iraq, Prime Minister Nouri al-Maliki's spokesman said on Sunday. He is expected to arrive in Baghdad on Thursday to meet with the Prime Minister. According to a report from NCR-Iran, Ahmadinejad's visit to Iraq in 2008 prompted […]
