The National Iranian Drilling Company (NIDC) is planning to participate in neighboring Iraq‘s drilling tenders.

Speaking to reported on the sidelines of an oil show in Kish Island, on Tuesday, Sepehr Sepehri, NIDC managing director, said the company’s approach is to secure itself a toehold in global markets, adding NIDC is planning to participate in international drilling tenders in Iraq.

“We have plans to join drilling projects in neighboring countries and we have started correspondences with Iraq in this regard,” the official said.

Sepehri said the two country’s access to Arvand Free Zone, favorable crude oil production capacity in Iraq’s Basra and the good terms the two neighbors are on are among the advantages of working in Iraq.

He further said that NIDC will take part in three drilling tenders that Italy’s ENI is planning to hold in Iraq.

The NIDC official added that Oman is another market the company is seeing to gain a foothold in.

“We have indicated readiness to offer services to Oman, too, and will consider the matter in more depth during a visit by an Omani delegation to Iran within the next few weeks.”

Besides drilling operations, NIDC enjoys massive potentialities in offering drilling services, the CEO added.

“After Iraq and Oman, we are targeting operations in Qatar,” Sepehri added.

(Source: Shana)

The Iranian president’s chief of staff voiced the administration’s determination to construct a railroad linking Iran to the Iraqi city of Basra, saying the project would give a major boost to the transportation industry in the region.

Speaking to reporters in the southwestern city of Khorramshahr on Friday, Mahmoud Vaezi said various related bodies, including the Arvand Free Trade Zone and the presidential office, have decided to focus efforts on the establishment of the railroad to Iraq.

In addition to better services for travelers, the railroad would function as a regional corridor and bring a major change in the transportation industry, he added.

In February 2016, Iranian President Hassan Rouhani had unveiled plans for railroad link with Iraq, expressing the hope that rail access to Basra would enable Iranian pilgrims residing in cities as far as Mashhad to travel to Iraq’s Karbala by train.

(Source: Tasnim, under Creative Commons licence)

By John Lee.

Iran’s Trade Promotion Organization (TPOI) has issued data showing that five countries — China, Iraq, UAE, South Korea and India — accounted for 68.7 percent of Iran’s total non-oil exports in the first five months of the current Iranian fiscal year (March 20-Aug. 22).

Its non-oil exports (including gas condensate) fell 5 percent in the period, to $17.193 billion.

China was the main importer of goods from Iran, accounting for 21.8 percent of the total, with Iraq taking 15.1 percent with $2.604 billion, followed by the UAE, South Korea, India, Afghanistan, Turkey, Pakistan, Thailand and Taiwan.

(Source: Trend)

(Image credit: Tasnim, under Creative Commons licence)

By Fazel Hawramy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News.

Iran and the Kurdistan Regional Government (KRG) have become entangled in a war of words as the referendum on Iraqi Kurdistan’s independence nears. Both sides are now making veiled threats, which — if they materialize — could have serious consequences on stability in the region.

The Iranians, whether under the shah or the Islamic Republic, have worked hand in glove with the Kurds to undermine the Iraqi central government’s authority and thus should not be expected to be adamant about preserving the authority of the state at any cost.

Yet, according to Nazim Dabagh, the KRG representative in Iran, the situation right now is tense. Dabagh, who accompanied a delegation from his party, the Patriotic Union of Kurdistan (PUK), in meetings July 17 with Iranian officials, told Al-Monitor, “The Iranians say, ‘We are for the territorial integrity of Iraq and we will do everything to preserve it.’”

Dabagh is well-versed in Iranian politics, having served as a Kurdish representative in Tehran for most of the last four decades. “I personally think that holding the referendum without the approval of Baghdad and the neighboring countries, without a doubt, will cause problems.” When pushed on what kind of problems Iran could cause, Dabagh — who was speaking via telephone from Tehran — did not elaborate.

Another source familiar with the content of the PUK meetings in Tehran who does not want to be identified told Al-Monitor that the Iranians were angry about the referendum and reminded the Kurds about their deep mutual ties and how Iran had assisted the Kurds at critical junctures since 1975, and in recent years, having been the first country to shore up their defenses against the Islamic State in August 2014.

“As long as you halt the referendum, we will do everything for you within Iraq; we’ll help you implement Article 140 [of the Iraqi Constitution on disputed territories and Kirkuk] and press Baghdad to reinstate your share of the [Iraqi central government’s] budget,” said a top Iranian official according to the source familiar with the meetings. “However, if you go ahead with the referendum, we will do whatever necessary to stop it — things that you cannot even imagine,” warned the Iranian official, reportedly dressing down the PUK delegation.

By Zakiyeh Yazdanshenas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News.

In June 2014, Mosul was seized by the Islamic State (IS), whose leader Abu Bakr al-Baghdadi soon afterward announced a caliphate from the city’s grand mosque. Now the caliphate is seemingly coming to an end.

Iraqi government forces took the eastern part of Mosul from IS on Jan. 24 after three months of fighting. On March 15, a spokesman for Iraq’s Counterterrorism Service said 60% of the western part of Mosul is under the control of Iraqi security forces. The day before, Iraqi Prime Minister Haider al-Abadi had said the operation is in its final stage, pledging the defeat of IS.

But military victory in Mosul is just the beginning of a more complicated phase for Iraq. Disparate forces have so far come together to pursue the common objective of expelling IS from Iraq. With the imminent achievement of this goal, many underlying and preceding power struggles will likely re-emerge.

Moreover, it should be borne in mind that various external powers — including Iran and the United States — have become greatly involved in Iraq’s security-related affairs and expanded their spheres of influence within the country since IS’ 2014 onslaught.

One key question is who will step in to fill the power vacuum in post-IS Mosul. Will the United States revert to its previous retreat from the Middle East, or will it opt to reassure its regional allies by keeping at least a part of its current forces in Iraq? Will Iran seek to establish a presence in northern Iraq, either directly or through its allies?

After having withdrawn in late 2011, the United States has once again become militarily engaged in the country, deploying over 5,000 troops and special forces, and spending more than $10 billion on combating IS in Iraq and Syria.

The Financial Times reports that Iran finds Iraq to be a big market for its domestically produced goods, including fresh milk, antibiotics and cement.

Yahya Ale Eshaq, head of the Iran-Iraq Chamber of Commerce, told the newspaper:

Iraq needs everything, which makes it the best market for Iranian-made goods …

“We can work with European partners who are not familiar with the Iraqi market and are worried about security there. They can rely on us because thanks to our historical and cultural commonalities we can operate in Iraq better.

Businesspeople in Tehran argue that Iran is no longer just a market of its 78 million-strong population; it should be seen as a market of more than 300 million people thanks to its location, allowing access to Arab states, central Asia, Afghanistan and Pakistan.

Of Iran’s $42.4 billion of non-oil exports during the last Iranian year (which ended on March 19), $6.2 billion went to Iraq and about $4.9 billion worth of non-oil goods were re-exported through the UAE.

Masoud Daneshmand, chairman of a department of the Iran Chamber of Commerce which deals with UAE trade, says Iran is disappointed that Emirati companies have not lined up like Europeans and Asians to explore Iran’s untapped market. “Why do Emirati real estate companies like Damac Properties not think of Iran’s market when … Iran needs 5m houses?” he says.

One market that Iran is hoping to benefit from in the future is Syria, where Tehran is betting that its investment in the regime will pay off. When the Syrian war ends, Syria — like Iraq — is going to be a vast market. The country will have to be reconstructed from scratch. No one, however, is predicting that the war is about to end.

Click here to read the full report.

(Source: Financial Times)

(Iran-Iraq image via Shutterstock)

A source in the prime minister revealed handing Prime Minister Haider al-Abadi political blocs standards reshuffle approach.

The source said, “it was on the distribution of the blocks and document comprehensive reforms and the amendment and ministerial standards and mechanisms with filtration is complete, this document contains asummary of its implementation and the methodology of work of the government and improve financialmanagement and CG voluntary.”

He said the document “in which ten files, was the first in the ministerial principles and the second criteria for selecting a cabinet of technocrats and third evaluation model biographies of the candidates, the post of the Minister and the fourth the role of government ministers and the fifth evaluation of the performance of ministries, sixth and document the criteria for selecting candidates for senior positions.”

The source added that the “seventh file is a simplification of government and anti-corruption eighth and ninth government program procedures and by reforms and X-conditioning in the light of the government program in this document.”

LINK

National Alliance MP Ahmed Salal al-Badri said that everyone bears the “failure” gripping the country, while noting that Iraq is passing through a dangerous status as a result of interactions political movement which did not lead to anything.

Badri told the “direction” He explained that there is a great political dynamic going on within the political blocs after Abadi, a statement about a new ministerial changes, noting that what is witnessing political reality is motionless and interactions between the blocks and the recent meetings did not lead to anything.

Added: Iraq is put dangerous street watching from the National Alliance to take decisive positions on the status quo, but the meeting did not live up to the level of ambition and did not reach conclusive results to put the country in the right direction, noting that each block aimed negligence and failure on the other, but everyone assumes result “failure” gripping the country.

He said al-Badri said on al-Abadi to give a clear picture to see him about the cabinet reshuffle is anticipated, stressing that the political blocs, including the National Alliance show something and hide something else and it’s in public, she says it with reforms in the rough adheres Bajindatha and ministers and dignitaries chosen by the

He continued to be of the blocks to be clear and explicit in their positions, and the faction leaders to be aware of the seriousness of the current stage and put the country in the right direction.

LINK

Executive Summary
an introduction
Approach to government work
Improve financial management
_ The first file “ministerial principles
_ The second file “Criteria for the selection of Ministers of the Council of technocrats
_ The third file “evaluation model biographies of the candidates for the post of Minister
_ Fourth file “the role of government ministers
_ V file “evaluate the performance of ministries
_ Sixth Profile “document criteria for selection of candidates for senior positions
_ Seventh file “simplify government procedures
_ VIII’s “anti-corruption
_ Ninth file “government program and packages reforms

_ X file “conditioning the government program in the light of this document

LINK

Backdoc Article: “Partial halt in the movement of the Iraqi market due to the high currency exchange rates” THEY DON’T WANT TO BE FORCED TO EXCHANGE AT THE THE OLD VALUE RATE BECAUSE THEY WILL TAKE THE HIT! OUCH! POSSIBLY THEY CONTINUE TO TRADE IN COUNTRY FOR NOW NORMALLY BUT THE PARTIAL HALT MAY BE COMING FROM THE INTERNATIONAL SIDE OF BUSINESS. WHY? BECAUSE THEIRIN LIES THE RUB! AHH JUST A SMALL DETAIL, AN EXCHANGE RATE PROBLEM BASED ON VALUE! UNTIL THEY IMPLEMENT A RATE CHANGE IT WOULD BE FINANCIAL SUICIDE TO MAKE THE EXCHANGE! SO WE WAIT FOR THAT IMPLEMENTATION DAY VERY SOON!