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.
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.
A major Iranian automaker SAIPA Corporation plans to export 14,000 cars (3,000 QUIK and 11,000 Shahin models) to Iraq and Venezuela.
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.
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.
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.
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.
Around 73% of Iran’s tile and ceramic exports go to neighboring Iraq, according to the head of the board of directors of the National Tile and Ceramic Producers Guild Association.
Yahya Al Eshaq, the chairman of Iran-Iraq Joint Chamber of Commerce, said on Saturday that the markets of Iran and Iraq will provide both countries with the biggest ground for economic activity within the next 15 years.
Shahla Amouri, the chairwoman of Ahvaz Chamber of Commerce in southwestern Iran, said on Tuesday that trade delegations from Syria, Oman and Iraq are going to visit Iran in the near future.