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Iran Iraq

"Iraq’s energy debt to Iran reduced to over $1 billion"

A senior businessman watching over trade between Iran and Iraq says Baghdad has reduced its unpaid energy bill to Tehran to just over $1 billion from more than $5 billion reported in late 2020.

Energy

Tehran, Baghdad agree on settling gas debt

Iraq’s Acting Electricity Minister Adel Karim announced reaching an agreement with Iran on settling his country’s gas debts to the Islamic Republic, IRIB reported.

Energy

Iraqi delegation to visit Tehran for gas import discussions

An Iraqi delegation will travel to Iran to resolve gas supply issues amid efforts to prevent a shortage of electricity in the Arab country over the warm summer months.

Energy

Iraq needs Iran’s gas for years: Iraqi minister

Iraq requires Iran’s gas for years to feed its power plants, as Iran’s gas is suitable for Iraq and its price is reasonable, Iraqi Minister of Electricity Adel Karim said.

Energy

US grants Iraq another sanctions waiver to import electricity from Iran

The Biden administration has granted another 120-day waiver to allow Iraq to pay for electricity imports from Iran, a State Department official said Monday.

Energy

Iran private sector happy with pace of Iraq’s payment of seized funds

Chairman of Iran-Iraq Joint Chamber of Commerce Yahya Al Es’haq says that Baghdad has returned part of the Iranian funds that have been blocked in the Arab country in recent years because of American sanctions on Tehran.

Trade

Iraqi delegation due in Iran for talks on gas imports

A high-ranking Iraqi delegation is due to visit Tehran next week to discuss settling the country’s gas dues and resuming the imports of natural gas from Iran, Iraqi news portal sotalIraq.com quoted the spokesman of Iraq’s Electricity Ministry as saying.

Energy

Iran’s annual exports to Iraq set to hit record $9 billion

A senior Iranian businessman watching over trade with neighboring Iraq says exports to the Arab country are expected to hit a record target of $9 billion in the calendar year to March 20.

Trade

Iran, Iraq’s Sulaymaniyah set to form joint free trade zone

In an upcoming visit to Iraq’s Sulaymaniyah by the managing director of Iran’s free trade zones, Iran and the Iraqi province are scheduled to examine the possibility of forming a joint free trade zone, according to Iran’s Consul General to Sulaymaniyah Mehdi Shoushtari.

Trade

Iraqi chief banker in Iran to discuss debt settlement

A senior banking delegation from Iraq led by the country’s chief banker have held talks with Iranian authorities in Tehran as a report suggest that negotiations between the two neighboring countries have focused on Iraq’s plan to settle a multi-billion dollar debt to Iran in the very near future.

Macro Economy

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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