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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2019


Iran signs two-year contract with Iraq to export electricity: IRNA

chouchou
chouchou
Moderator
Moderator

Posts : 3971
Thanked : 624
Join date : 2012-12-20

Iran signs two-year contract with Iraq to export electricity: IRNA Empty Iran signs two-year contract with Iraq to export electricity: IRNA

Post by chouchou on Thu 04 Jun 2020, 5:16 am

DUBAI (Reuters) - Iran has signed a two-year contract with Iraq to export electricity to the neighbouring country, Iranian state news agency IRNA on Thursday quoted the country’s Energy Minister Reza Ardakanian as saying.

The agreement comes amid sanctions reimposed on Iran since 2018 which forbid countries from purchasing Iranian energy. U.S. President Donald Trump in 2018 exited Iran’s 2015 nuclear deal and reimposed the sanctions on Tehran that have battered its economy.

“We signed a contract with Iraq for exporting electricity in 2020 and 2021,” said Ardakanian, who travelled to Iraq on Wednesday.

“With coordination of the Iranian embassy in Iraq, half of the disbursement worth $400 million was received during the trip.”

U.S. Secretary of State Mike Pompeo said in May that Washington will grant a 120-day sanctions waiver for Iraq to continue importing electricity from Iran to help the new Iraqi government succeed.
Washington has repeatedly extended the sanctions exemption for Baghdad to use crucial Iranian energy supplies for its power grid for periods of 90 or 120 days, but in April it granted an extension for only 30 days as Baghdad struggled to form a new government.

Ardakanian said Tehran and Baghdad have reviewed a three-year plan for reconstructing the Iraqi electricity industry by the Iranian private sector.

“Iranian technical and expert delegations will visit Iraq next week to sign two important contracts on reducing power grid losses and repairing electricity equipment,” Ardakanian said.

[You must be registered and logged in to see this link.]

    Current date/time is Sat 11 Jul 2020, 4:04 am