[size=36]Oil: The agreement with Iran will ensure the smooth flow of gas and end the stumbling block due to US sanctions[/size]
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"The agreement with Iran to exchange Iranian gas for Iraqi black oil represents one of the most important solutions that the government and the Council of Ministers resorted to to pay dues for the supplied gas," said ministry spokesman Assem Jihad.
He added, "The agreement will ensure the smooth flow of the supplied gas and end the previous stumbling block due to the US sanctions imposed on Iran, according to which it was agreed on the supply and pricing mechanism approved in the oil markets, and the ministry expressed its willingness to implement the Prime Minister's directives to ensure the smooth continuation of gas flows."
He continued, "This step is very important, and the Deputy Prime Minister and Minister of Oil, Hayan Abdul-Ghani, held an immediate meeting and contacts with the concerned agents and managers, and directed to expedite the implementation of the directives of the Prime Minister and the Council of Ministers that were issued today."