December 30, 2020
1 min read

Iran to resume full gas flows to Iraq

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 Asian Lite News

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.

During his visit, Ardakanian also held meetings with Iraqi Minister of Electricity Majid Hantoush, Minister of Trade Alaa al-Jubouri and Iraqi Central Bank Governor Mustafa Mukheef.

During the meetings, the two sides discussed financial cooperation, including Iraq’s payment of dues for importing Iranian gas and electricity, the official Iraqiya TV reported.

Ardakanian’s visit aimed to settle Iraq’s energy debts to Iran, which have amounted to more than $5 billion for gas imports from Iran, in addition to $1 billion for electricity imports.

Due to the unpaid bills, Iran slashed its natural gas exports to Iraq from 50 million cubic metres to 5 million two weeks ago, causing an acute power shortage in Iraq, according to Iraqi Ministry of Electricity.

Also read:Iran warns against Israeli aggression in Gulf

Previous Story

Russia, Turkey discuss Nagorno-Karabakh peace process

Next Story

Turkey, UK ink free trade deal

Latest from -Top News

Jaishankar: India’s Diaspora Key To Globalisation

At the 18th Pravasi Bharatiya Divas, EAM S Jaishankar spotlighted Odisha’s pivotal role in India’s globalisation journey. He emphasised the “3Ts”—Trade, Technology, and Tourism—as key growth drivers for the state. Jaishankar urged

India-EU Ties Gain Momentum With Modi-Costa Talks

PM Modi and European Council President Antonio Costa reaffirmed their commitment to enhancing the India-EU Strategic Partnership, focusing on green energy, trade, and digital innovation. Prime Minister Narendra Modi emphasised the steady

India, EU Discuss Human Rights in Delhi

India and the EU reiterated their commitment to the shared principles and values of democracy, freedom, rule of law, and to the promotion and protection of all human rights…reports Asian Lite News

Canada 51st State? Trump Stirs Controversy

Trump reiterated his plan to impose “substantial” tariffs on goods from both Canada and Mexico….reports Asian Lite News US President-elect Donald Trump has proposed the idea of using “economic force” to merge
Go toTop