The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
The Department of the Treasury has lifted sanctions against the Elaf Islamic Bank in Iraq following the bank’s significant and demonstrated change in behavior. On July 31, 2012 the Treasury Department imposed sanctions under the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (CISADA), against Elaf Islamic Bank, a privately-owned Iraqi financial institution, for […]
By John Lee. Iran plans to more than double its diesel exports to Iraq, according to Reuters. The director of the National Iranian Oil Refining and Distribution Company (NIORDC), Alireza Zeighami, said that Tehran will supply 3-5 million liters of diesel a day, an increase on the 2-million-liters-a-day agreement signed by Iranian Oil Minister Rostam […]
By John Lee. Foreign Minister, Hoshyar Zebari, met on Monday with the Ambassador of the Islamic Republic of Iran, Hassan Danaie Fur, and his delegation. During the meeting, the two officials discussed bilateral relations and ways of strengthening them, in addition to discussing ways to overcome the obstacles faced by Iranian pilgrims coming to Iraq […]
The Secretary of Iran’s Supreme National Security Council (SNSC) has said that the Iran is ready to "expand all-out strategic cooperation" with Iraq. Saeed Jalili, made the remark at a meeting on Thursday with Adel Abdul-Mahdi, a member of the Islamic Supreme Council of Iraq (ISCI). According to a report from Iran's PressTV, the Iranian […]
By John Lee. FARS news agency reports that Iran and Iraq have struck an agreement to cooperate and exchange technical data about the development of shared oil and gas fields. Masoud Jabbari-Rad, director for coordination and supervision of oil and gas production at the National Iranian Oil Company, noted that the two countries share extensive […]
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iran's PressTV has conducted an interview with Zayd al-Isa, a Middle East expert from London about recent surges of violence in Iraq: (Source: PressTV)
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. "The Turkish government probably has some interests among the Sunnis and the surrounding countries like Saudi Arabia, Kuwait, also Turkey, don't like to have a government [in Iraq] which is generally a Shia […]
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 says tensions are likely to increase between Iraq's autonomous Kurdistan region and the central government. President of the Kurdistan region Massoud Barzani has stated intention to run for a third […]
By John Lee. Tehran Times reports that Iran is to build a cement factory in Iraq. The factory’s products will be exported under Iranian brand names. The project involves the investment of $245 million, with production expected to start in two years' time. No location has been confirmed. (Source: Tehran Times)
Iranian Oil Minister, Rostam Qassemi [Qasemi] (pictured), has said that Iran is keen to expand oil cooperation with Iraq. Speaking on the sidelines of an oil conference in Tehran, he told reporters that cooperation in joint oil fields and exporting Iranian gas to Iraq are examples of the growing cooperation between the two countries, adding […]
By John Lee. The Iranian Red Crescent Society (IRCS) has announed two new clinics in Iraq to provide medical services to Iranian pilgrims visiting the country's Shiite holy shrines, a medical official announced on Sunday. Iran's FARS News Agency reports that the hospital in Karbala, specialising in ophthalmology and eye diseases, will be completed in the […]
By Abdel Hamid Zebari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Over the past years, the Kurdistan Region of Iraq has seen an economic boom and become open to the outside world, as it has begun to enjoy more security and […]
