The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. An analyst says, Iraq is being pressured with terrorist bomb attacks by foreign imperial entities and Persian Gulf dictatorships to reverse their position on Syria. In the background of this at least 40 […]
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A political analyst tells Iran's PressTV that the US divided Iraqi society on ethnic lines and promoted a sectarian-based political culture in the region. The comments came after tens of thousands of Iraqis […]
A Middle East expert says similar to the situation in Syria, there are a number of countries that are fueling the tension in Iraq which is very dangerous for the country. Iraqi Prime Minister Nouri al-Maliki has warned anti-government protesters that security forces could intervene to end illegal demonstrations across the country. Iraq has been […]
By John Lee. A spokesman for Iran's Oil Ministry has confirmed that Iran is planning to build a pipeline to carry natural gas to Iraq and Syria. Alireza Nikzad Rahbar told Iran's PressTV on Wednesday: "Based on agreements already reached, a 56-inch pipeline is to be laid out from Assaluyeh [near South Pars Gas Field in […]
By John Lee. Iran's exports to Iraq totalled $4.59 billion during the last nine months, reports the country's IRNA news agency. The Iranian customs department announced at the beginning of last December that Iraq is "a pioneering state in importing Iranian commodities". Aswat al-Iraq reports that since the downfall of the previous regime in 2003, […]
Iran's Ambassador to Iraq, Hassan Danaeifar, says Tehran plans to export $12 billion worth of goods to Iraq by the end the current Persian calendar year (ending March 20, 2013), up from around $11 billion last year. "Iraq's free economy has created a competitive atmosphere for exporters from all over the world. Iranian cooperatives should […]
By John Lee. Sri Lanka is to purchase oil from Iraq after the US imposed new sanctions on Iran. According to a report from AFP, the US Senate unanimously approved new economic sanctions on Friday aimed at further crippling Iran's energy, shipping and port sectors, a year after Congress passed tough restrictions against Tehran. Sri […]
By Bob Nottelmann. Although in the very heart of the Fertile Crescent, defined by its abundant natural resources, Iraq is hardly a breadbasket for western Asia, let alone its own population. Nearly 80% of the country’s food is imported from neighboring countries Turkey, Syria and Iran. Nowhere is it more apparent that an effective and […]
By John Lee. Prime Minister Nechirvan Barzani and a delegation of senior officials from the Kurdistan Region concluded a two-day visit to the Islamic Republic of Iran yesterday to promote greater cooperation in economic and trade relations. With the volume of trade between the Kurdistan Region and Iran estimated to be around $8 billion this […]
By John Lee. Iran’s Vice President for International Affairs, Ali Saeedlou, led a high level political and economic delegation representing about one hundred Iranian companies to the Kurdistan Region to participate in a high profile business conference today. The Iranian – Kurdistan Region Economic Forum follows a visit to Iran by Prime Minister Nechirvan Barzani […]
By John Lee. A group of Iranian companies has announced its intention to invest in the industrial and oil sectors in Basra. The Basra Investment Commission says that $310 million dollars will be invested. The Iranian group's representative, Hussein Binae, siad the group will spend $60 million on a factory to make cables and electric […]
By John Lee. The Customs Director of Iran's Kurdistan Province has said that $416-million worth of commodities have been exported to Iraq from this western province since the start of current Iranian year, March 20, 2012. Talking to the Iranian news agency IRNA, Mohammad Shahbazi said this represented an increase of 21 percent compared to […]
