Iranian and Turkish officials have already reached agreement to set up a joint bank.
Read More »Without Iran`s Gas. Half of Iraqi Power Plants to Close Down
Iraq has repeatedly announced that the economic and cultural ties between Iran and Iraq are historic.
Read More »Iraq`s Crucial Part in Oil Industry’s Future
Iraq has adequate supplies of natural gas but has been flaring gas at increasing rates as oil production climbs.
Read More »Turkey Tries to Convince the US to Allow Iranian Oil Imports
The US decision damages regional cooperation and Turkey’s trade relations.
Read More »Iraq Needs a Lot more Water to Fuel Its Oil Growth Ambitions
Most of Iraq'.s southern fields in Basrah are operated by international oil companies.
Read More »Trump`s Gulf Backups to Iran Aren`t Good Enough for Turkey
Turkey is loath to buy more oil from Saudi Arabia and the United Arab Emirates as the U.S. looks to squeeze exports from Iran. currently the third-largest supplier of crude to the Middle East’s biggest economy.
Read More »Iraq will Keep Importing Iran`s Gas. Power despite US Bans
Gas imports for the summer will temporarily increase to 35 million cubic meters per day.
Read More »Iraq Gas Production Set to Triple
The shift is driven by more favorable investment conditions in the Kurdistan Region of Iraq.
Read More »Iraq has Enough Oil Capacity to Meet Customer Needs
IEA expects Iraq to add 1.2 million bpd in 10 years to reach 6 million bpd of production in 2030.
Read More »Turkey Rejects US Sanctions on Iran`s Oil
Turkey rejects unilateral sanctions and impositions on how to conduct relations with neighbors.
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