Tag Archives: Iraq

Iran is following up on signing an MoU with Syria. which is similar to this MoU inked with Iraq.

A Memorandum of Understanding (MoU). which was inked between Iran and Iraq on electricty exchange. has currently been suspended. according to an official.

Iraqi protestors have often blocked roads to oil fields and facilities in Iraq since October last year.

Iran has kept developing its sprawling oil and gas fields despite facing a harsh regime of American sanctions.

This will be the sixth waiver the US has issued for Iraq since US sanctions on Iran energy exports snapped back in November 2018.

Iraq’s proven oil reserves stand at over 145 billion barrels. while gas reserves exceed 3.7 trillion cubic meters.

The United States has signaled to Iraq its willingness to extend sanctions waivers enabling the country to continue importing vital Iranian gas and electricity imports. an American media quoted three Iraqi officials as saying this week.

Nahr Bin Omar oil field is considered one of the most controversial fields because of the pollution and gas emissions.

India'.s imports from the Middle East declined from 145.8 million tons in 2018 to 132.4 million tons last year.

Iran enjoys high potential to export up to $20. $6 and $5 billion worth of products to Iraq. Afghanistan. and Pakistan respectively.