Iraq confirms its commitment to the exemption periods from the US sanctions to import Iranian gas


Baghdad / Obelisk: A spokesman for the Ministry of Electricity, Ahmad al-Abadi, announced on Saturday, 8 February 2020, that Iraq is committed to the exemption periods it obtained from the United States to import gas from Iran, as an exception to the sanctions to feed a number of power plants.

Al-Abadi said in an interview with local media that followed the obelisk, that Iraq is committed to the specified periods of the United States of America regarding the exemption from sanctions on Iran and in the event that the period expires, the Ministry of Electricity can feel the American side for the purpose of extending the exemption period so that the national system and hours of electricity supply are not affected.

He added that the American sanctions imposed on Iran stipulated that not supplying gas and oil derivatives to all countries of the world, including Iraq, and the Ministry of Electricity clarified the technical and service aspects in the event of stopping the import of gas and energy from Iran, which would constitute a negative impact on the deterioration of the electricity system and energy supply hours as That Iraq produces approximately 4,500 to 5,000 megawatts, depending on Iranian gas, in addition to importing electric power around 1100 to 1,200 megawatts of Iranian energy.

He stated that the Iraqi Ministry of Electricity, in coordination with the Ministry of Foreign Affairs, notified the American side of an official memo of the need to continue the flow of gas and electricity from Iran and that the financial dealings with the Iranian side were not in the hard currency of the dollar, but in the Iraqi currency, as the money is deposited in Iranian banks that do not deal in the American dollar.

Al-Abadi said: Accordingly, the American side agreed to exclude Iraq from sanctions on Iran, and Iraq confirmed its commitment to the time limits specified for it regarding the exception. Iraq had recently proposed a licensing round for international companies to invest in oil and gas fields in the east of the country to obtain an investment to produce gas with the aim of feeding electrical stations to be an alternative to importing Iranian gas to feed power stations and stop importing energy from Iran, which costs billions of dollars annually.

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2 thoughts on “Iraq confirms its commitment to the exemption periods from the US sanctions to import Iranian gas

  1. Walter, this is kjwayne, do you know the whereabouts of PreacherMan? I took some time away from this ride and found that I miss it. I,m back and following searching 4 Dinar with my friend Ralph. Thanks for hanging in there.

    Like

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