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US “will continue Exemptions” for Iranian Power Imports

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News. Iraq electricity minister: US will continue exemptions for Iranian electricity imports In an exclusive interview with Al-Monitor, Iraqi Minister of Electricity Luay al-Khatteeb talked about the situation of Iraq’s electricity […]

Iran, Turkey Restart Direct Train Services

Iran and Turkey have finalized an agreement to restart direct train services between Tehran and Ankara and also to run tourist trains, an official announced. Iran’s Deputy Minister of Road and Urban Development Saeed Rasooli said at a press conference on Sunday that Iranian and Turkish delegations have finalized plans, following reciprocal visits, to launch […]

Iran, Iraq ready to Dredge the Shatt al-Arab

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News. After decades, Iran, Iraq ready to Dredge the Shatt al-Arab Hope of restoring a clean water lifeline to Basra province is on the rise again with plans by the Iraqi and […]

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“Invaluable Steps” to Cement Ties with Iraq

Iran Has Taken Invaluable Steps to Cement Ties with Iraq: Envoy Iran’s Ambassador to Iraq Iraj Masjedi highlighted the importance of bilateral relations between the two neighboring countries and said Tehran has taken major strides to strengthen ties with Baghdad. “We are trying to boost our relations with Iraq in all areas,” Masjedi said, addressing […]

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South Pars 3rd Phase 14 Platform Loaded

The operator of Phase 14 development project of South Pars gas field said the third platform of the offshore field was loaded for installation in its designated spot. According to the Pars Oil and Gas Company (POGC), Mohammadi Mahdi Tavassolipour said Platform 14B of the phase was loaded at ISOICO’s yard in Bandar Abbas, south […]

New Career Opportunities in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Supply Assistant, UNICEF – United Nations Children’s Fund Education Officer, Norwegian Refugee Council (NRC) (Source: UN) (Picture: Success, growth, career, development signpost from 3D_Creation/Shutterstock)

System to avert US Sanctions “ready soon”

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. German Foreign Minister Heiko Maas met Iranian President Hassan Rouhani and Foreign Minister Mohammad Javad Zarif in Tehran on Monday as part of European efforts to salvage the historic JCPOA nuclear pact and […]

IAEA: Important for Iran to Implement JCPOA

Important for Iran to Implement its JCPOA Commitments, IAEA Director General Says It is essential that Iran fully implements its nuclear-related commitments under the Joint Comprehensive Plan of Action (JCPOA), IAEA Director General Yukiya Amano told the Agency’s Board of Governors on Monday. Mr Amano noted the announcement by Iran’s Supreme National Security Council on […]

INSTEX “Expected to Be Ready Soon”

INSTEX -a payment channel that the three EU signatories to the JCPOA have set up to maintain trade with Iran- will be ready soon, German Foreign Minister Heiko Maas said Monday. “This is an instrument of a new kind, so it’s not straightforward to operationalize it,” Maas told reporters in Tehran ahead of talks with […]

Iraq “has Contingency Plans” for Iranian Gas

By John Lee. Oil Minister Thamer Ghadhban (pictured) has reportedly said on Thursday that Iraq has contingency plans in place to cope with any stoppage of Iranian gas imports. His comments come as the US increases sanctions pressure on Iran. According to Reuters, Ghadhban added that he hopes no such disruption will take place. (Source: […]

Iran Boosting Gas Exports to Iraq

An Iranian official said the exports of natural gas to Iraq are growing steadily and are expected to hit 40 million cubic meters a day in summer. Managing director of the Iranian Gas Engineering and Development Company (IGEDC) Hassan Montazer Torbati told Tasnim that Iran’s gas exports to Iraq are constantly increasing and nearing a […]

Iran Eyes Closer Military Cooperation with Iraq

The Iranian defense minister called for the enhancement of military and defense cooperation with Iraq, saying collaboration between the two neighbors would serve regional security and stability. In a meeting with a delegation of Iraqi military commanders, Brigadier General Amir Hatami said the common threats and opportunities necessitate closer consultations between Tehran and Baghdad for […]

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Iranian National Oil Company opens Office in Iraq

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News. The National Iranian Oil Company (NIOC) decided May 4 to open an economic representative office in Iraq. The decision was made during a meeting bringing together executives at Iraq’s Oil Ministry and […]

Korean SMEs “Go Bankrupt” Due to Sanctions on Iran

The chairman of Iran-South Korea Joint Chamber of Commerce said following last year’s move by the US to renew sanctions against the Islamic Republic, some Korean companies went bankrupt. Speaking to Tasnim, Hossein Tanhayee pointed to the 70 percent fall in bilateral trade between Iran and South Korea after the re-imposition of the US sanctions […]

Possible Iraq-Iran-Syria Rail Line

By John Lee. Iraq, Iran and Syria are reportedly planning to build a railway connecting the three countries. According to media reports, Salib al-Hussaini, the head of the Iraqi Railway Company, has announced a tripartite summit to discuss the project. (Source: Prensa Latina) (Picture credit: Christian Lindgren)

Iran, Iraq to Set Up 5 Joint Industrial Parks

The Iranian president’s chief of staff said Tehran and Baghdad have agreed to establish five joint industrial parks, including one in Iran’s border province of Kurdistan. Speaking at a meeting on economic development of Kurdistan in the city of Sanandaj on Saturday, Mahmoud Vaezi said Iran and Iraq have devised plans to set up five […]

Iran Plan for Air Defense Cooperation with Iraq

Iran’s Top General Unveils Plan for Air Defense Cooperation with Iraq Chief of Staff of the Iranian Armed Forces Major General Mohammad Hossein Baqeri said Tehran and Baghdad have agreed to launch air defense cooperation to combat possible threats to Iran’s western border. Briefing reporters on the results of a meeting with his Iraqi counterpart […]

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Iran, Pakistan Moving Closer to Free Trade Deal

Iran and Pakistan are expected to finalize the draft of a free trade agreement (FTA) in forthcoming talks in Islamabad. A final draft of the free trade deal between Iran and Pakistan is expected to be hammered out in negotiations due to be held in Islamabad on April 22 and 23, the International News reported. […]

Iraq gives Iranians Visas Free of Charge

Iraq has begun issuing entry visa for Iranians free of charge in a reciprocal move under a deal. Iranians travelling to Iraq can now obtain visa free of charge. The Iraqi cabinet of ministers said the decision that took effect on April 1 has been made as a reciprocal move which had been agreed upon […]

Iran “ready to Expand Gas, Power Trade with Iraq”

President Hassan Rouhani has called for Iran and neighbouring Iraq to expand their gas and electricity dealings and boost bilateral trade to $20 billion, state TV reported, despite difficulties caused by US sanctions against Tehran. “The plans to export electricity and gas and hopefully oil continue and we are ready to expand these contacts not […]