Friday, March 29, 2024

Iraq Says Iran Blames Reduced Gas Exports on ‘Technical’ Matter

BAGHDAD, May 26 (Reuters) - Iran's foreign minister told his Iraqi counterpart on Friday that a reduction in gas exports to Iraq was a technical matter and Tehran had not decided on any cuts, an Iraqi foreign ministry...

Tehran, Moscow Link Banking Systems amid Western Sanction

DUBAI, Jan 30 (Reuters) - Iran and Russia have connected their interbank communication and transfer systems to help boost trade and financial transactions, a senior Iranian official said on Monday, as both Tehran and Moscow are chafing under...

Iranian Government and Parliament Clash Over Budget Deficit

By Kayhan Life Staff The Iranian government’s economic team and the Majlis (Iranian Parliament) have been engaged in a dispute that has escalated in recent days. Majlis deputies reviewing the government’s budget bill have been concerned...

U.S. Sanctions 14 Iraqi Banks in Crackdown on Iran Dollar Trade- WSJ

WASHINGTON/BAGHDAD, July 19 (Reuters) - The United States has barred 14 Iraqi banks from conducting dollar transactions, the Wall Street Journal reported on Wednesday, citing U.S. officials. The ban, which was imposed by the Treasury Department and...

ANALYSIS-Iraqi PM Walks Diplomatic Tightrope in Crackdown on Dollars Smuggled to Iran

By Ahmed Rasheed BAGHDAD, Jan 23 (Reuters) - Under pressure from Washington to stem the flow of dollars into Iran, Iraq's prime minister sent elite counter-terrorism forces more accustomed to battling Islamist militants to shut down dealers smuggling...

Iran Will Pursue Durra Gas Field Oil Rights if Other Parties Shun Cooperation

DUBAI, July 30 (Reuters) - Iran will pursue its rights over the Durra/Arash field if other parties shun cooperation, the country's Oil Minister Javad Owji said on Sunday, according to the Oil Ministry's SHANA news agency. "If...

Iranians Face Severely Cold Weather, Shortages of Gas and Electricity

By Kayhan Life Staff Many Iranian households are currently facing shortages of energy, including gas and electricity, despite freezing temperatures. There has been a disruption in the distribution and delivery of refillable gas cylinders and...

China Pulls Out of Oil Deal with Iran

By Kayhan Life Staff China Petroleum and Chemical Corporation (Sinopec) has pulled out of the Yadavaran Oil Field project in the southwestern province of Khuzestan, according to Hamid Hosseini, the director of the Iranian Oil,...

Exclusive-US Issues New 120-Day Waiver Letting Iraq Pay Iran for Electricity

By Arshad Mohammed WASHINGTON, July 18 (Reuters) - The United States on Tuesday moved to let Iraq pay Iran for electricity via non-Iraqi banks, a U.S. official said, a step Washington hopes may keep Tehran from forcing unpopular power...

EXCLUSIVE-Iran’s Government To Start Revamp at Venezuela’s Largest Refining Complex Within Weeks – Sources

By Mircely Guanipa PUNTO FIJO, Venezuela, Feb 3 (Reuters) - State firms from Iran and Venezuela will start in the coming weeks a 100-day revamp of the South American nation's largest refining complex to restore its crude...