Iraq says still needs to import gas from Iran as debt piles up

Iraq says still needs to import gas from Iran as debt piles up

Iraq’s Electricity Ministry says the Arab country still needs to import natural gas from Iran because its plan to locally provide fuel for its power plants has not been completed yet.

According to Press TV, Ministry Spokesman Ahmed Musa said several Iraqi delegations will travel to Tehran to discuss increasing gas exports which have reportedly been cut to eight million cubic meters a day from 50 million cubic meters.

“Negotiations with the Iranian ambassador in Baghdad and the Iranian Ministry of Energy regarding the increase of gas imports from Iran are ongoing,” Baghdad al-Yawm news agency quoted him as saying Sunday.

Despite its position as a major oil producer, Iraq relies on Iran for natural gas that generates as much as 45 percent of its 14,000 megawatts of electricity consumed daily. Iran transmits another 1,000 megawatts directly, making itself an indispensable energy source for its Arab neighbor.

Earlier this month, the…

Continue reading