The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
By John Lee. Iraq's Cabinet has authorized the Oil Ministry "to sign an agreement of principles" on two key oil and natural gas pipeline projects, reports Platts. The agreement will be between the Iraqi Oil Ministry, the Iranian Oil Ministry, and the Syrian Oil and Mineral Resources Ministry, and it relates to the construction of […]
Katyusha rockets fired on a camp housing Iranian dissidents near Baghdad have killed five members of the opposition group, Iraqi security officials say. About 40 members of the Mujahedeen-e-Khalq (MEK) group were wounded in Saturday's attack, along with three Iraqi policemen. (Source: Al Jazeera)
By John Lee. Iran Daily reports that trade between Iran and Iraq exceeded $10 billion in the current Iranian year (started March 20, 2012). Speaking at a seminar on trade and investment in the Iraqi Kurdistan region, which was held by Isfahan Chamber of Commerce, the Secretary-General of Iran-Iraq Chamber of Commerce Jahanbakhsh Sanjabi (pictured) […]
By John Lee. Iraq has announced that it has discovered deposits of crude oil equivalent to one billion barrels of oil, following the first exploration work by state-owned firms in almost 30 years. The new oil find in Maysan [Missan] province, near the border with Iran, and could potentially make a significant addition to Baghdad's […]
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 […]
