Iran Iraq

Iran, Iraq private sectors discuss expansion of ties

President of Iran Chamber of Commerce has called for resolving border, customs and banking barriers between Iran and Iraq to pave the ground for the private sectors to work with each other.

Iran Chamber

Federation of Iraqi Chambers of Commerce chairman visits Iran Chamber of Commerce

Abdel Razzak El-zouhairy, chairman of the Federation of Iraqi Chambers of Commerce and Industry (ICCIA) visited the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and held talks with ICCIMA President Gholam Hossein Shafei.

Photo Gallery

Shalamcheh crossing reopens for trade after 24-hour closure

Shalamcheh crossing at the border between Iran and Iraq has been reopened for trade after a 24-hour closure.

Trade

Iran, Iraq aim to increase bilateral trade to $20 billion

The Iranian Head of the Iran-Iraq Join Economic Committee Reza Ardakanian predicted on Tuesday that the Iran-Iraq annual trade will increase to 20 billion U.S. dollars.

Trade

Iran to pump 65,000 bpd from oilfield shared with Iraq

A contractor working for the Iranian Oil Ministry says production from a joint oilfield located at the border with Iraq is to begin soon.

Energy

Iran to resume gas flows to Iraq after agreement on unpaid bills

Iran will resume normal gas flows to Iraq on Wednesday after reaching an agreement with Iraq on Tuesday over unpaid bills, a spokesman for Iraq’s electricity ministry said.

Energy

Iraq to release Iranian funds for vaccine purchase from Europe: Minister

Iran’s Energy Minister Reza Ardakanian says he has reached an agreement with the Iraqi government authorities on how Iranian funds blocked in a commercial bank in the Arab country could be used by Tehran for purchase of COVID-19 vaccines from a European manufacturer.

Society Economy

US grants Iraq 45-day sanctions waiver allowing import of Iran gas before Joe Biden takes office

The US has granted Iraq a shortened 45-day sanctions waiver to import Iranian gas that will expire days before Donald Trump’s term ends.

Energy

Iran’s money in Iraq over $5 billion: CBI chief

Iran’s central bank governor Abdolnaser Hemmati says he is “hopeful” his visit to Baghdad on Monday and successful talks with Iraqi officials would enable Tehran to use more than $5 billion of its funds in the country.

Trade

Iran and Iraq reach deal to release trapped energy payments

An agreement was reached between the Central Bank of Iran, Central Bank of Iraq and the Trade Bank of Iraq to unfreeze Iran’s financial assets in the neighboring country.

Trade