electricity

US renews Iraq sanctions waiver for Iranian gas, electricity imports

The United States has granted Iraq a 45-day sanctions waiver enabling the country to continue importing vital Iranian gas and electricity supplies.

Energy

Iran govt. recognises cryptocurrencies, gives green light to digital coin mining

The Iranian government has recognised cryptocurrencies and mining as an industry, says finance minister following years of deliberation over how to regulate this emerging and widely popular business in the country.

Financial Markets

Iraq sets up SPV to buy Iranian power in wake of US sanctions: Report

AFP is reporting that a dinar-based account in Trade Bank of Iraq is supposed to be used to pay for Iranian energy in return for Tehran’s humanitarian purchases.

Financial Markets

US grants energy-hungry Iraq new Iran sanctions waiver: Reports

According to reports, Washington has given Baghdad a 90-day sanctions waivers to keep buying Iranian gas and electricity to meet summertime peaks of demand.

Energy

Iraq not seeking to substitute Iranian gas, electricity: Ambassador

The Iraqi envoy to Iran says although there are substitutes for Iranian energy, Baghdad maintains committed to imports from Iran and that is lookig for alternative ways of doing so.

Energy

Iran plans to reconstruct Iraq electric power industry in next 3 years: Minister

As Iraq is looking to rebuild after eight years of occupation and war, Iran is also taking measures to get a bigger share of the neighbouring country’s reconstruction market.

Energy

Private sector to bolster Iraq trade in 5-day visit

Dozens of Iranian businessmen will try to increase their investment in the neighbouring country by holding talks with Iraqi traders from all across the country. The visit comes after US Secretary of State Pompeo visited Iraq to help reduce Irans influence there.

Trade

Islamabad "ready" to renew 100MW power agreement with Tehran: Pakistan minister

The country has been importing Iranian electricity since 2002 mainly to help supply high demand in the border Balochistan province. Since then, Islamabad has increased the volume to 100 megawatts.

Energy

Iran private sector to take over Iraq energy, water infrastructure

Tehran has been trying to dominate the recontruction market in Iraq which is also requesting more Iranian investment.

Energy

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Iran-made plants already supplying power to Iraq

Iran-Iraq joint Chamber of Commerce Vice President, Alireza Kolahi, says Iranian public and private firms have been actively generating electricity for residents of the Iraqi capital Baghdad as well as the city of Najaf. He also mentioned that more contracts are in the pipeline.

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