Due to the reduction of Iran’s gas exports to Iraq from 52 million cubic meters per day to 8 mcm/d in recent months, the neighboring country’s electricity generation has decreased by 3,400 megawatts, a member of the board of the Iran-Iraq Chamber of Commerce said.
Hamid Hosseini said in an exclusive interview with ILNA news agency that “Even if we were to deliver the same volume of gas to Iraq as before, the total power production of the Arab nation will be less than 15,000 MW while Iraq needs at least 20,000 MW of electricity.”
The National Iranian Gas Company’s decline in gas exports is based on the terms of an agreement signed with the Arab neighbor in 2020.
Iran exported more than $6.1 billion worth of products to Iraq from March 21 to Nov. 22, so that the country exported about $750 million worth of non-oil goods to Iraq monthly, he said in another interview.
Tags ILNA News Agency Iraq
Check Also
Europe’s Green Energy Transition Faces Unexpected Hurdles
Energy prices across Europe fell below zero for a record number of hours in 2024. …