[size=36]Al-Sudani devises a new idea to solve the electricity crisis: Iraqi black oil in exchange for Iranian gas[/size]
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Prime Minister Muhammad Shia al-Sudani agreed, on Tuesday evening, with Iran to provide it with black oil in exchange for gas to solve the intractable electricity crisis, while confirming the payment of all Iranian gas dues.
Al-Sudani said in a speech on the electricity crisis and the import of gas, followed by Mawazine News, that "it was agreed with Iran to supply it with black oil in exchange for gas, and the decision will ensure the continuity of the supply of gas, and with it the current crisis will end."
He added, "The supply of Iranian gas has resumed, and the quantities will increase, starting this evening, as 10 million standard cubic meters will flow, and they will return to the same previous quantities, and an agreement has been signed in this regard."
He continued, "Due to the lack of US approvals to transfer funds to Iran, gas supplies were stopped earlier and decreased by more than 50%."
He stressed, "Iraq has paid all its dues for Iranian gas amounting to 11 billion dollars, and it was deposited in the account of Iranian companies and we transferred 1.8 billion euros to Iran to pay gas dues."
The Prime Minister pointed out, "The current national gas projects represented by the fifth licensing round and our contracts with France's Total, as well as the Basra gas projects, will end the need for import after their completion within two to three years." Ended 29 / M99