Jun 6 2012

Iraq’s imports of Iranian petroleum products to hit $2 billion

By Razaq Nameq Iran is turning as much of its petroleum as possible into byproducts and selling it mainly to neighboring states, including the oil-rich Iraq. Iraqi exports of Iranian oil byproducts have skyrocketed to $1.8 billion and are soon to surge to $2 billion. The countries have signed a new agreement under which Iran [...]