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 […]
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Tags: Iran
Iran to Increase Production from Joint Oilfield with Iraq
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 […]
Iraqi Power Plants Use 60m L/Day Fuel
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 […]
Tags: Electricity In Iraq, Iran
Kurdistan Opens Oil Trade Route Via Iran
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 […]
Ahmadinejad Tepidly Received On Final Iraq Visit
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 […]
Tags: Iran
Iraq to Import Natural Gas from Iran
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 […]
Ahmadinejad to Visit Iraq
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 […]
Tags: Iran
Video: New Electricity, Gas Deals with Iran
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iran has reached an agreement with Iraq to increase its electricity exports to its western neighbor. Nearly 150 megawatt of electricity is expected to be added to the volume of Iran's electricity exports. […]
Iraqi Dust Contaminated with Uranium?
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The wave of "dust pollution" seems unwilling to leave Iran. According to the latest report dust storms and pollution which have spread across almost 23 Iranian provinces continue to have impact on the […]
Iraq: Iran’s Economic Gateway To the World
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Trade Promotion Organization of Iran (TPOI) said on Monday, June 24, 2013, that 72% of Iran’s exports go to Iraq, and revealed that Iraq's imported goods from Iran increased by […]
A New Iranian President
Iraq's neighbour Iran has elected a “moderate conservative”, Hassan Rohani, to be its new President, a contrast to his predecessor Mahmoud Ahmadinejad, who was more openly belligerent. The extent to which this is a real change is debated, with many sources, not least in Israel, taking a more sceptical view of developments. Iran is, of […]
Tags: Iran
Indian Minister Visits Iraq to Secure Oil Supply
By John Lee. India's external affairs minister, Salman Khurshid, starts a two-day visit to Iraq on Wednesday, during which he will hold talks with top Iraqi leadership on issues including the supply of oil. Khurshid, the first senior Indian leader to visit Iraq since 1990, is expected to call on Prime Minister Nouri Al-Maliki, and […]