Tag Archives | Iraq

Iraq Fails to convince Iran to Resume Power Supply

Iraqi Electricity Minister Qassem Al-Fahdawi (pictured) said yesterday that his country has failed to convince Iran to resume supplying Iraq with electricity. Last Friday, Al-Fahdawi along with an Iraqi delegation arrived in Tehran where they held talks with Iranian officials to resume supplying Iraq with 1,000 megawatts of electricity, which Tehran cut off about two […]

IGAT-6 Gas Pipeline Fully Operational

Iran has fully launched the 6th nationwide gas trunkline (IGAT-6) which bolsters the country’s gas export capacity to Iraq. The National Iranian Gas Company (NIGC) CEO Hamidreza Araqi said a major section of the project came online last calendar year (ended on March 20) and the last 100-km of the project has now come on-stream. […]

An Integrated Approach for Iraq/Iran Border Fields

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. An Integrated Approach for Investment in Joint Development-Unitization for Iraq/Iran Border Petroleum Fields & Exploration Blocks This article provides brief note in panel discussion and abstract of a keynote PowerPoint presentation prepared […]

Video: Will Iran-US Tensions threaten Iraq’s Stability?

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. It’s been three weeks since the parliamentary election in Iraq and many Iraqis voted for a nationalist party opposed to foreign interference. But both Riyadh and Washington want an Iraq that is sympathetic […]

US, Iran “Face Off” in Former Extremist-Held Iraqi Town

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Locals in Al Qaim, Anbar, worry that the current stable security situation can’t last. It’s being upheld by US troops and Iran-allied militias, whose antipathy toward one another is […]

Iraq’s Pro-Iran Factions shrug off US Sanctions Push

By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Two pro-Iranian militias active in Iraq and Syria declared that possible US sanctions targeting them would be ineffective and claimed that such sanctions would actually strengthen their presence and expansion in […]

Iran Starts Oil Swap with Iraq’s Kirkuk

Iran started swapping oil with Iraq‘s Kirkuk on Sunday, after the two neighbours sorted out the logistic issues that were preventing the swap’s startup. According to the CIF-based swap deal, Iran receives 30,000 to 60,000 bpd of oil from the Kirkuk oil fields in northern Iraq to an Iranian refinery across the border via tanker […]

6000 IKCO Cars to Be Dispatched to Iraq

Iraq‘s car market is one of IKCO‘s best export targets and the company is planning on shipping 6000 sets of cars as Samand, Soren, Peugeot Pars and Dena to this market. Hassan Golchubian, IKCO’s Exports Director for Middle East and Africa asserted, “Considering the export markets’ demand for cars with automatic gearboxes, IKCO has set […]

Iraq Election leaves Iran Scrambling to Preserve Influence

By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The Sairoon (On the Move) Alliance formed by Muqtada al-Sadr and the Iraqi Communist Party is ahead in the preliminary results of the Iraqi elections. More than 90% of the votes in all of […]

Tags: ,

US puts Sanctions on head of Central Bank

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on the Governor and a senior official of the Central Bank of Iran, an Iraq-based bank and its chairman, and a key Hizballah official, all of whom have moved millions of dollars on behalf of the Islamic Revolutionary Guard Corps-Qods Force […]

Aiding Iraq in Reconstruction Iran’s Priority

Aiding Iraq in Reconstruction Iran’s Priority after Daesh Defeat: Defense Minister Iranian Defense Minister Brigadier General Amir Hatami said that following the defeat of the Daesh (ISIL or ISIS) terrorist group in Iraq, Iran’s priority in its cooperation with Iraq now is helping the Arab country in its reconstruction process. In a meeting with Iraqi […]

Tags: ,

Iran Oil Ministry: Iraq to Blame for Delay in Oil Swap

Iran’s Oil Ministry linked a 4-month delay in the implementation of an oil swap deal with Iraq to the Arab country’s unpreparedness and technical problems. In a letter to the Tasnim News Agency in response to a recent report on the lengthy delay in implementation of the oil swap deal with Iraq, Iran’s Oil Ministry […]

Russian Firm to Invest $740m in Iranian Oil Fields

Russia’s state-controlled Zarubezhneft signed an agreement in Tehran on Wednesday to re-develop two oil fields in western Iran. It was the second post-sanctions oil contract awarded to Russia by Iran. Based on the agreement, the Russian firm would re-develop Aban and West Paydar oil fields. Both fields are located in areas bordering Iraq and are […]

Iran Offers $3bn LOC for Iraq Reconstruction

By John Lee. Iran’s First Vice President, Es’haq Jahangiri, has said Iran is ready to provide Iraq with a line of credit (LOC) of “up to” three billion dollars to pave the way for the Iranian private sector’s active participation in the reconstruction of the country. According to Iran’s PressTV, he made the statement at […]

Tags: ,

Iraq to continue Importing Electricity from Iran

By John Lee. Iraq’s Minister of Electricity Qassim Mohammad al-Fahdawi has met with a visiting delegation from Tehran headed by Iran’s Minister of Industry, Mine and Trade, Mohammad Shariatmadari. They renewed for an additional year a contract under which Iran sells electricity to Iraq. Through four major supply lines, Iran sends 1,000 megawatts of electricity […]

Iran, Iraq Economic Roadmap to be Outlined

By John Lee. Iran’s Minister of Industry, Mine and Trade, Mohammad Shariatmadari (pictured), has said it is hoped that upcoming visit of Iran’s first vice president Es’hagh Jahangiri to Iraq will “outline the economic cooperation roadmap between the two countries.” Shariatmadari and his accompanying delegation held talks on Monday with Iraq’s Minister of Housing and […]

Tags: ,

300 Peugeot Pars on their way to Iraq

By John Lee. By the end of this year IKCO will strengthen its presence in Iraq, dispatching 300 Peugeot Pars passenger cars, equipped with automatic gearboxes. “Iraqi market is one of the foremost export markets for IKCO,” said Hassan Golchubian, IKCO Export Director of the Middle East and Africa, adding that as other markets, Iraq […]

Call for Soft Power to head off Water Crises

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iranians call for soft power now to head off future water crises A senior military adviser to Iranian Supreme Leader Ayatollah Ali Khamenei called Feb. 27 for talks with Iraq and Afghanistan on water resources. At a two-day […]

Speaker Requests Iran’s Help in Reconstruction of Iraq

Iraqi Parliament Speaker Salim al-Jabouri praised Iran for supporting the Arab country in the fight against terrorism, calling for Tehran’s continued assistance and partnership in the reconstruction and development of Iraq. In comments at a Sunday meeting in Iran’s Baghdad embassy, held to mark the victory anniversary of the Islamic Revolution, Jabouri expressed the hope […]

Tags: ,

Iraqi Kurds manoeuvre to get Closer to Iran

By Fazel Hawramy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iraqi Kurds have given reassurances to Tehran that they will not allow Kurdish opposition groups to launch cross-border attacks from Iraqi Kurdistan, a major development in the warming up of relations between Erbil and Tehran. […]