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[size=36]Al-Awadi: The money deposited in the account of Iranian companies at the TBI Bank will remain in Iraq[/size]
political | 09:48 - 11/07/2023
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Baghdad - Mawazine News
Today, Tuesday, the government spokesman, Basem Al-Awadi, confirmed that resolving the issue of importing gas will get Iraq out of a five-year crisis, while noting that the funds deposited in the Iranian companies’ account at the TBI Bank will remain for Iraq.
Al-Awadi said: "The solution to the gas import crisis is a great achievement that will get Iraq out of a cumulative crisis that has continued since 2018, which is the gas purchase crisis in which the government pays its money to the account of Iranian companies in the TBI Bank, but the bank cannot transfer the money because of the US sanctions on Iran." .
He added, "Last year, electricity production at a time like this was 19.5 thousand megawatts, and the immediate solutions developed by the current government raised production to 25 thousand megawatts."
And he added, "The agreement included the exchange of Iranian gas for Iraqi black oil," noting that "the optimal solution to the electricity problem, in the opinion of the prime minister, is the implementation of medium and long-term plans through 3 measures: the first is agreements with the French company Total through 4 contracts and during 2 or 3 Years will import between 550 to 600 thousand cubic meters of gas, and the second is the fifth round of licensing in the Basra Gas Company, which has completed production of 200 million cubic feet, and at the end of the year it will produce another 200 million cubic feet, and the third: is the linkage with Saudi Arabia, Jordan and the Gulf.
And he indicated, "These solutions will be completed within 2-3 years, and at that time we will be satisfied with the gas and we do not need to import it," explaining, "The contract with Siemens included the development of the old Iraqi electrical stations over a period of 5 years and returning them to their first production capacity."
He stressed, "The government aims to reach the rate of electricity production as it was in the month of June, which is 26,000 megawatts, and this is what secures processing hours from 15-16 hours and seeks more than that," pointing out, "The electricity crisis has been accumulating for 20 years and is not from The making of the current government, in addition to the dollar crises and lagging projects.
He pointed out, "After the recent agreement with Iran, the funds deposited in the account of Iranian companies in the TBI Bank will remain for Iraq," pointing out, "These funds will remain a balance for the Iraqi people and can fill part of the budget deficit."
Al-Awadi said: "The solution to the gas import crisis is a great achievement that will get Iraq out of a cumulative crisis that has continued since 2018, which is the gas purchase crisis in which the government pays its money to the account of Iranian companies in the TBI Bank, but the bank cannot transfer the money because of the US sanctions on Iran." .
He added, "Last year, electricity production at a time like this was 19.5 thousand megawatts, and the immediate solutions developed by the current government raised production to 25 thousand megawatts."
And he added, "The agreement included the exchange of Iranian gas for Iraqi black oil," noting that "the optimal solution to the electricity problem, in the opinion of the prime minister, is the implementation of medium and long-term plans through 3 measures: the first is agreements with the French company Total through 4 contracts and during 2 or 3 Years will import between 550 to 600 thousand cubic meters of gas, and the second is the fifth round of licensing in the Basra Gas Company, which has completed production of 200 million cubic feet, and at the end of the year it will produce another 200 million cubic feet, and the third: is the linkage with Saudi Arabia, Jordan and the Gulf.
And he indicated, "These solutions will be completed within 2-3 years, and at that time we will be satisfied with the gas and we do not need to import it," explaining, "The contract with Siemens included the development of the old Iraqi electrical stations over a period of 5 years and returning them to their first production capacity."
He stressed, "The government aims to reach the rate of electricity production as it was in the month of June, which is 26,000 megawatts, and this is what secures processing hours from 15-16 hours and seeks more than that," pointing out, "The electricity crisis has been accumulating for 20 years and is not from The making of the current government, in addition to the dollar crises and lagging projects.
He pointed out, "After the recent agreement with Iran, the funds deposited in the account of Iranian companies in the TBI Bank will remain for Iraq," pointing out, "These funds will remain a balance for the Iraqi people and can fill part of the budget deficit."
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