Iran to resume full gas exports to Iraq
By IANS| Updated: 30th December 2020 10:41 am IST
Baghdad, Dec 30 : Iran’s Minister of Energy Reza Ardakanian has confirmed that his country will resume full natural gas exports to Iraq after reducing the supplies due to unpaid bills, which caused an acute electricity shortage in Iraq.
In an official statement issued on Tuesday in Baghdad, Iraqi Prime Minister Mustafa al-Kadhimi met Ardakanian, who’s leading a delegation of high-ranking Iranian officials to Baghdad, to discuss the bilateral relations and means to boost cooperation, reports Xinhua news agency.
“Ardakanian conveyed the Iranian government’s pledge to urgently resume pumping Iranian gas, which was recently slashed due to technical reasons,” the statement said, without giving further details.
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Iran gas company says slashed flow to Iraq over $6 bln debt Reuters 12/28/2020
DUBAI, Dec 28 (Reuters) - Iran s state gas company said on Monday it had slashed supplies to neighbouring Iraq over arrears of more than $6 billion, after the Iraqi electricity ministry said the cuts placed Baghdad and other cities at risk of serious power shortages. The Iraqi Ministry of Electricity owes more than $5 billion in gas bills to the National Iranian Gas Company (NIGC), of which $3 billion remains blocked and inaccessible in .TBI (Trade Bank of Iraq), and more than $2 billion is overdue debt, NIGC said in a statement.
Iran has been unable to access billions of dollars in assets in several countries due to U.S. sanctions.