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BAGHDAD: Iraq has agreed to pay about US$2.76bil (RM12.7bil) in gas and electricity debt to Iran after receiving a sanctions waiver from the United States, a senior Iraqi foreign ministry official says.
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The U.S. has granted Iraq a sanctions waiver, allowing it to release $2.76 billion in payments owed to Iran for gas exports.
Iraq depends on imports from Iran for a lot of its gas needs
Iraq on Saturday agreed to pay about $2.76 billion in gas and electricity debt to Iran after receiving a sanctions waiver from the United States. Iraqi Foreign Minister Fuad Hussein was given the clearance during a meeting with US Secretary of State Antony Blinken on the sidelines of the Riyadh Conference on Thursday, a senior Iraqi foreign ministry official said, who spoke on condition of anonymity because he is not authorized to speak to the media, told Reuters. Due to decades of conflict and sanctions, Iraq is dependent on imports from Iran for a lot of its gas needs.