Iraq is still waiting for Iran to resume supplying the country with sufficient amounts of gas for power generation, after the US granted Baghdad a 90-day waiver to continue to import electricity from Tehran on Dec. 30. “The reason for power shortages in provinces is the continuing slashing of Iranian …
Read More »Iran Receives most of Its electricity Demand from Iraq
Minister of Energy Reza Ardakanian said on Tuesday that Iraq’s debt to the National Iranian Gas Company and the Power Generation, Distribution and Transmission Company (Tavanir) have been paid by the Iraqi government except for two months. He said that Iran has two contracts regarding the exports of electricity and …
Read More »The U.S. Exempts Iraq from Sanctions Imposed on Iran to Import Gas for Three more Months
An Iraqi official stated that Washington has extended the exemption granted to Iraq from the sanctions imposed on Iran in the energy field for an additional three months. He pointed out, according to Agence France-Presse, “this new exemption, which is longer than all previous exemptions, is the result of long …
Read More »Iraq Says Chinese Company Wins $2 Billion Oil Prepayment Deal
Iraq has agreed a multibillion-dollar oil-supply deal with a Chinese company, according to the Arab nation’s official news agency. SOMO, which oversees Iraq’s petroleum exports, picked a Chinese firm after receiving bids from several traders, INA reported, citing an interview with SOMO General Manager Alaa Al-Yasiri. While INA didn’t name …
Read More »Iran’s Energy Minister Sees Iraq’s Visit Fruitful
Iranian Energy Minister Reza Ardekanian on Tuesday described his talks with senior Iraqi officials, including Prime Minister Mustafa al-Kadhimi during his visit to Baghdad as constructive and successful. Ardekanian and his accompanying delegation left Baghdad for Tehran late on Tuesday after day-long intensive talks with the Iraqi high-ranking officials. During …
Read More »Iran Emphasizes Resumption of Gas Export to Iraq
Iranian Energy Minister emphasized resuming gas export to Iraq in a meeting with the Prime Minister of the country on Tuesday. Reza Ardakanian made the remarks in a meeting with Iraqi Prime minister Mustafa Al-Kadhimi on Tuesday. Both sides conferred on the expansion of relations between the two countries. Iranian …
Read More »Iran Energy Minister on a Visit to Baghdad
Iranian Energy Minister Reza Ardakanian heading a delegation arrived in Baghdad on Tuesday to confer with senior Iraqi officials. During his stay, Ardakanian is scheduled to hold talks with his Iraqi counterpart and other senior Iraqi officials. He will seek payment of arrears concerning electricity supply to Iraq and arrangements …
Read More »Iran Cuts Gas Flows to Iraq
Iran has slashed the amount of natural gas it exports to Iraq and threatened further cutbacks over unpaid bills, increasing the likelihood of more electricity shortages in Baghdad and other major cities. Iraq has been receiving 5 million cubic meters a day since Iran cut its daily exports from 50 …
Read More »Iraq Begins Importing Electricity from Turkey
Turkey has reportedly begun to export electricity to Iraq. According to Anadolu Agency, Turkey’s Energy Market Regulatory Authority (EMRA, EPDK) started supplying Iraq on Monday at a rate of 150 MW, through the Silopi-Zakho transmission line. The deal is due to run until 1st November, 2021.
Read More »Iraq Plans to Boost Southern Oil Export Capacity by 72% after Three Years
Iraq, OPEC’s second largest producer, plans to boost the capacity of its southern oil export facilities by 72% to 6 million b/d after 2023 and wants to build storage tanks to help reach that target, a deputy oil minister said Dec. 26 Iraq will construct 24 storage tanks with a …
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