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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Britain: Iraq should not rely on the Iranian economy

    Rocky
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    • Post n°1

    Britain: Iraq should not rely on the Iranian economy Empty Britain: Iraq should not rely on the Iranian economy

    Post by Rocky Mon 28 Jan 2019, 2:25 am

    Britain: Iraq should not rely on the Iranian economy

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    British Foreign Secretary Alistair Burt said on Monday that Iraq must distance itself from economic dependence on Iran and boost its self-sufficiency in energy.
    Burt visited Iraq after high-level diplomatic activity in Baghdad this month, following the sudden announcement by US President Donald Trump to withdraw his troops from Syria.
    US allies fear that Iran will become more emboldened by the pullout, even if its pace is slower than originally planned, after Tehran's growing influence in Iraq and Syria in recent years.
    Washington hopes to counter Tehran's influence by re-imposing sanctions and is pressing Iraq to stop its imports of Iranian gas.
    "It is important for Iraq to have the opportunity to determine its future in terms of foreign relations and to have a strong economy that does not depend on Iran," Burt said in an interview with Reuters at the British embassy in Baghdad.
    "Iraq needs to develop its oil resources so it can enhance its self-sufficiency," Burt said.
    "The sooner Iraq can take advantage of all its oil wealth quickly, and use all the energy it does not use at times with maximum efficiency ... it was better."
    Iraq's export capacity of oil is about 5 million barrels per day, although it pumps less in line with OPEC's agreement to cut output to stabilize prices.
    Washington hopes Iraq will be able to reduce the rate of gas burn to meet its domestic energy needs and reduce its reliance on electricity imports from Iran.
    "There are ideas for more electricity projects in Iraq," Burt said without elaborating.

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