A new agreement to finally connect Iraq to the Gulf Cooperation Council Interconnection Authority marks a significant step toward greater energy integration in the region.
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All tagged Iraq
A new agreement to finally connect Iraq to the Gulf Cooperation Council Interconnection Authority marks a significant step toward greater energy integration in the region.
Spearheaded by Iraq and Turkey, the Development Road Project is an ambitious trade route connecting the Persian Gulf to Europe through rail, road, and port infrastructure.
The Russian war against Ukraine has been both a gift and a curse for oil producers in the Persian Gulf. It has stoked oil demand, but also made clear the strategic necessity of the energy transition.
Embracing shared objectives, drawing on collective strengths, and navigating challenges with a collaborative spirit will the Gulf region towards a future defined by sustainability, resilience, and mutual prosperity.
The complexity of Gulf power markets has significantly increased due to climate change, making it essential to pay more attention to how systems are planned and designed.
Greater Gulf cooperation on hydrocarbons, as a part of balanced strategies incorporating climate protection, could manage some of these threats and promote longer-term cooperation solutions to problems facing the region’s critical economic sector.
In March, China managed to a broker a détente between Iran and Saudi Arabia, achieving a diplomatic breakthrough that had eluded European governments. But Europe and China have shared interests in the region and there is scope for the two powers to work together to foster further multilateral diplomacy.
At the second meeting of the Baghdad Conference on Cooperation and Partnership, regional economic integration was a new focus for the countries involved.
The Rouhani administration has lofty goals to grow Iran-Iraq trade as Iran seeks to expand its non-oil exports. But dysfunction at the border and a lack of government support have frustrated many Iranian exporters.
The storming of the U.S. embassy in Baghdad by Iran-backed militias produced many surreal scenes, but perhaps none more so than that captured in a video shared widely on social media. The short clip shows a green garbage can found at the embassy, which the protestors recognized as an Iranian-made product.
◢ Expectations were high when Iranian president Hassan Rouhani visited neighboring Iraq last month. During the trip, his first as president, Rouhani signed multiple trade deals with Iraq, where the return of peace and stability has renewed the government’s focus on economic development. Iran’s reinvigorated diplomacy towards Iraq reflects a new diplomatic and economic strategy towards its onetime foe.
◢ Ostensibly, Iranian President Hassan Rouhani’s visit to Iraq was meant to deepen economic ties between the two neighbors, historically divided by political and sectarian enmities as much as they are connected by geography. Only one Iraqi leader could have kept Rouhani at arm’s length: Grand Ayatollah Ali al-Sistani, But he didn’t. The audience he gave the Iranian president says as much about Sistani’s own political adventurism as it does about Iraq’s subservience to Iran.
