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OIL REVEALS A NEW MECHANISM TO PAY OFF IRANIAN DEBTS
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OIL REVEALS A NEW MECHANISM TO PAY OFF IRANIAN DEBTS
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[You must be registered and logged in to see this link.]5 hours ago58Today, Sunday, the Oil Ministry announced a mechanism to pay off Iranian debt.
The official spokesman for the ministry, Ahmed Musa Al-Abadi, told the official newspaper, "There are previous agreements with Iran to supply gas at different rates in summer and winter, ranging from 50-70 million cubic meters per day in order to operate the stations."
He explained, "The past period witnessed a variation in gas emissions, as it receded and decreased to great levels, reaching between 5-8 million cubic meters per day, which was reflected in the supply of electrical energy and made the system in a critical condition and a great challenge due to the suspension of some obstetric units and the increase in loads."
Al-Abadi indicated, "The understandings with the Iranian side, according to government data and the Prime Minister's directives, resulted in raising the ratio from 8 million to 30 million cubic meters per day, although this quantity does not meet Iraq's need to provide electrical energy with the entry of peak loads this summer. ".
He noted, "Negotiations are still ongoing with the Iranian side, as a government delegation recently visited the capital, Tehran, in order to raise gas rates in favor of electricity, in addition to agreeing on a mechanism for paying the dues after the Prime Minister agreed that it would be paid within 3 years in order to raise releases".
And he indicated, "The government has also worked to achieve integration between ministries to provide the ministry's needs, including going to the Ministry of Oil to prepare an integrated fuel plan that includes rehabilitating gas fields and the pipeline network and establishing refineries, but it needs a time limit to accomplish."
He pointed out, "Part of the national gas is currently used to operate the stations in the southern region, while the stations in the central and northern regions still need the supplied gas and fuel."
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The official spokesman for the ministry, Ahmed Musa Al-Abadi, told the official newspaper, "There are previous agreements with Iran to supply gas at different rates in summer and winter, ranging from 50-70 million cubic meters per day in order to operate the stations."
He explained, "The past period witnessed a variation in gas emissions, as it receded and decreased to great levels, reaching between 5-8 million cubic meters per day, which was reflected in the supply of electrical energy and made the system in a critical condition and a great challenge due to the suspension of some obstetric units and the increase in loads."
Al-Abadi indicated, "The understandings with the Iranian side, according to government data and the Prime Minister's directives, resulted in raising the ratio from 8 million to 30 million cubic meters per day, although this quantity does not meet Iraq's need to provide electrical energy with the entry of peak loads this summer. ".
He noted, "Negotiations are still ongoing with the Iranian side, as a government delegation recently visited the capital, Tehran, in order to raise gas rates in favor of electricity, in addition to agreeing on a mechanism for paying the dues after the Prime Minister agreed that it would be paid within 3 years in order to raise releases".
And he indicated, "The government has also worked to achieve integration between ministries to provide the ministry's needs, including going to the Ministry of Oil to prepare an integrated fuel plan that includes rehabilitating gas fields and the pipeline network and establishing refineries, but it needs a time limit to accomplish."
He pointed out, "Part of the national gas is currently used to operate the stations in the southern region, while the stations in the central and northern regions still need the supplied gas and fuel."
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