Iran to offer another 1 million barrels of oil on domestic bourse

Tehran sought to keep its sales flowing by putting its crude on energy exchange for sale to bypass the renewed US sanctions that are targeting the country’s vital oil and banking sectors.

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.

Iran exports to Iraq worth $11bn annually

Iran has been dominating the market in Iraq as the Baghdad moves forward to rebuild the Arab country. Commodities and energy top Iraqi annual imports.

Iran “ready” to double power export

Iraq, Pakistan, Afghanistan and Armenia are already imorting some part of their needed elictricity from Iran which now says can increase the export.

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.

Iran agro exports set record high of $4.5bn

Iraq and Afghanistan are the top destinations of Iranian food products as Tehran seeks to bolster its regional economic ties. Germany is Iran’s only European market.

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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.

Iranian firms challenge US, European rivals in Iraq electricity market

Tehran has been seeking to get a bigger share of the huge reconstruction market in Iraq following the end of war against the ISIS. Iranian power companies are the main rivals for American and European firms who are struggling to win big contracts.

Iran steel industry takes off despite US sanctions

Iran is capable of producing 25 million tonnes of steel in the current fiscal year which ends on March 21, 2019 but foreign sanctions and duties are a big hurdle, the head of the Iranian Steel Producers Association says.

Iran, Iraq plan to ditch dollar in trade: Envoy

Iranian ambassador to Baghdad said Iran and Iraq are weighing plans to eliminate US dollar in trade transactions and also lift visa requirements for citizens of the two countries.