President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Samad Hassanzadeh has said that continued problems on the way of Iran’s money transfer may cause the country to lose the Iraqi market within the next few months.
Iran has reported a major a rise in exports to neighboring Iraq in the first quarter of the calendar year.
Iran’s First Vice-President Mohammad Mokhber has stressed the need for Tehran and Baghdad to carry out trade in national currencies.
Chairman of Iran-Iraq Joint Chamber of Commerce Yahya Al-e Eshaq says Iran and Iraq should make joint investments as a way to give a further boost to bilateral trade relations.
Tehran and Baghdad have agreed to extend the contract on Iran’s gas exports to Iraq by another five years.
Iranian Oil Minister Javad Owji and his Iraqi counterpart Hayyan Abdul Ghani has discussed a wide range of issues, including the development of oil fields shared by the two neighboring countries.
Iran’s Ambassador to Iraq Mohammad-Kazem Al-Sadeq says the country has resumed normal gas exports to Iraq.
Mousa Alizadeh, who is in charge of Iraq affairs at the Iranian Foreign Ministry, referred to recent events in Iran-Iraq relations and said that they will have no effect on bilateral relations.
Iran’s export to Iraq has exceeded $6.2 billion in the eight Iranian calendar months to November 21, showing a 30% growth compared to the same period last year, according to an official with the knowledge of the matter.
Saeed Aqli, the head of dispatching operations at the National Iranian Gas Company (NIGC), has said that Iran continues to pump natural gas to neighboring Iraq in accordance with a gas deal between the two countries.