News // Politics
Iraqi Oil Ministry expects exemptions from US sanctions on Iran
31 October 2018 , 10:10Neftegaz.RU545
Baghdad, October 31 - Neftegaz.RU. The Iraqi Oil Ministry said that the US sanctions imposed on Iran have direct impact on Iraq, expecting exemptions from the sanctions in relations with Iran.
According to the Iraqi al-Sumeria TV, Ali Abdul Karim al-Mousawi, the Director General of the Iraqi Gas Company as part of the Ministry of Oil told Kuwaiti Al-Rai newspaper « Iraq is connected to Iran given the longest common borders, high trade volume between the 2 countries, as well as the electric power [that Iran supplies to Iraq] for the gas stations.»
Al-Mousawi added that Iraq expects exemptions from the US sanctions in relations with Iran as its power and gas stations hugely rely on Iran’s gas and electricity and the sanctions will create huge problems for Iraqis if the Americans do not provide alternatives to Iraq. He noted that Iraq must pay for the imported gas and electricity in US dollar.
According to al-Sumeria TV, Iraq imports electricity from Iran through 4 lines, including the Karkh-Amara line, which was completed in the 1st half of 2011, in addition to 3 other lines that are currently operational.
17:30 04.03.2019Iran prepared to boost gas export to Armenia
14:08 28.02.2019Russia's oil and gas investments in Iraq exceed $10 billion
18:00 27.02.2019Kurdistan continues oil exports to Iran despite U.S. sanctions
18:00 26.02.2019Russia, Iran, the U.S. and China will be the world’s top 4 suppliers of natural gas by 2040
13:00 18.02.2019Lukoil halts oil swaps in Venezuela after U.S. sanctions