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Iran Iraq

Iran’s trade with Iraq expected to reach $10 billion by yearend

Bilateral trade between Iran and Iraq has been improving and is expected to hit $10 billion by the end of the current Iranian calendar year (March 20, 2023), according to Yahya Al-e Eshaq, the chairman of Iran-Iraq Joint Chamber of Commerce.

Trade

Iran’s trade with Iraq exceeds $4.1 billion in eight months

Iran and Iraq traded 11.62 million tons of goods worth $4.14 billion during the first eight months of the current Iranian year (March 21-Nov. 21), according to the spokesperson of the Islamic Republic of Iran Customs Administration.

Trade

Iran rises gas exports to Iraq with settlement of debts

Iran is pumping more oil to Iraq, Iran’s oil minister said with reference to the settlement of Baghdad’s all payments related to purchases from the National Iranian Gas Company.

Energy

Iran, Iraq work on extension of gas supply deal

The National Iranian Gas Company (NIGC) CEO has said that Iran and Iraq have begun negotiating to extend a gas supply deal under which Iran pumps gas to Iraq.

Energy

Iran to start development works on oilfield shared with Iraq in days

The National Iranian Oil Company (NIOC) says development works on a key oilfield shared with Iraq will start within days as Iran moves ahead with plans to expand its massive petroleum industry despite sanctions imposed by the United States.

Energy

Major Iranian automaker to export 14,000 cars to Iraq, Venezuela

A major Iranian automaker SAIPA Corporation plans to export 14,000 cars (3,000 QUIK and 11,000 Shahin models) to Iraq and Venezuela.

Mine and Industry

Mehran border crossing reopens for Iranian exports to Iraq

Trucks resumed exports across the Iran-Iraq border at Mehran in Ilam Province on Sept. 24 after a 20-day closure due to the Arbaeen pilgrimage, said Rouhollah Gholami, a local official.

Transportation

Iran not concerned about decreased trade with Iraq, Afghanistan: Official

A reduction in Iran’s exports to Iraq and Afghanistan is not a source of concern and a roughly 80% of Iran’s trade is being made with its neighboring countries, said an Iranian trade official on Sunday.

Trade

Iran’s four-month exports to Iraq decline by 15% to $2.39 billion

Iran’s exports to Iraq during the first four months of the current Iranian year (March 21-July 22) registered a 15% decline compared with the similar period of last year.

Trade

Iraq seeking to increase gas imports from Iran

An official in the Iraqi government has said that the Arab country has been negotiating with Iran to secure a major increase in the daily supply of natural gas delivered to its power plants.

Energy

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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