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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

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Established in 2006 as a Community of Reality

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    A great controversy after Al-Sudani's announcement... Iraqi oil in exchange for Iranian gas is a "my

    Rocky
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    A great controversy after Al-Sudani's announcement... Iraqi oil in exchange for Iranian gas is a "my Empty A great controversy after Al-Sudani's announcement... Iraqi oil in exchange for Iranian gas is a "my

    Post by Rocky Thu 13 Jul 2023, 6:51 am

    [size=32]A great controversy after Al-Sudani's announcement... Iraqi oil in exchange for Iranian gas is a "mysterious agreement"!![/size]
    [You must be registered and logged in to see this link.]Thursday July 13, 2023 at 13:36 PM (60 views)
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    Baghdad / Sky Press

    The announcement by the Iraqi Prime Minister, Muhammad Shia' al-Sudani, of an agreement under which quantities of crude oil would be bartered for his country in exchange for obtaining Iranian gas to operate electric power stations, sparked a lot of controversy among economic and political experts and many pioneers of social media platforms.

    After the issuance of the decision, some expressed their strong support, especially with the advent of the hot summer in which the need for household electricity increases, while another group denounced that agreement, considering that it prejudices the interests of their country and brings great benefit to Tehran.

    Sources reported that the agreement was signed in Baghdad, explaining that "the director of the office of the Prime Minister, Ihsan Yassin al-Awadi, signed the agreement on the Iraqi side, while it was signed on the Iranian side by the ambassador of the Islamic Republic of Iran in Baghdad, Muhammad Kazem Al Sadiq.”

    The agency that "the agreement was reached after negotiations that lasted for several days, in which delegations and technical and technical committees from both sides participated."

    A report pointed out that the agreement comes "within the framework of the government's effort to address the crisis in the supply of gas that powers power stations, and to avoid financing problems and the complications of US sanctions that prevented the continuity of paying import requirements. "

    For his part, Al-Sudani said in a speech addressed to the Iraqi people, "The decision will ensure the continuity of the gas supply, and the current crisis will end with it."

    He added, “The supply of Iranian gas has resumed, and the quantities will increase starting this evening (Tuesday evening), as 10 million standard cubic meters will flow, and it will return to the same previous quantities, and an agreement was signed in this respect.”

    She claimed that "because of the lack of US approvals to transfer funds to Iran, gas supplies were stopped earlier, and decreased by more than 50 percent."

    He stressed that "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."

    He pointed out that "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 completion within two to three years."

    Iraq imports electricity and gas from Iran, which together account for between 33 and 40 percent of its energy supplies, especially during the scorching summer months when temperatures reach 50 degrees Celsius and energy consumption peaks.

    For his part, a spokesman for the US State Department refused to comment to Reuters on the barter agreement between Iraq and Iran, and did not address whether such an arrangement might violate US sanctions.

    "There has been no change in the US policy towards Iran or Iraq. (US President Joe) Biden's administration continues to implement all US sanctions on Iran," the spokesman said, adding that Washington "strongly supports Iraq's path towards energy independence."

    Iraq spends about $4 billion annually on gas and energy imports from Iran, while at the same time burning huge amounts of natural gas as a by-product of its fuel sector.

    "necessary need"

    Commenting on the benefits that Iraq will reap from the new agreement, the economist, Abd al-Rahman al-Mashhadani, explained that "the details of the agreement are still not clear, pending the issuance of more information from the Ministry of Oil."

    The Iraqi expert added, in statements, that "the agreement as a whole will be beneficial for the country, because, according to the prime minister's statements, we still need between three to four years to achieve self-sufficiency, and we may then become exporters of this material, after we were consumers of it.”

    Among the most important benefits that Iraq will reap in principle, according to Al-Mashhadani, is that the country "needs, during the peak seasons (summer), more than 50 million standard cubic feet to cover needs, but what we have is no more than 20 million, but that in the past year or that before him, we only had five million.”

    Al-Mashhadani believed that the agreement came at the right time, “because the summer, when temperatures sometimes reach more than 50 degrees Celsius, becomes a season of unrest and popular protests fueled by power outages necessary for daily life, especially in the field of refrigeration, food storage and air conditioning.”

    On the other hand, the head of the Kolwatha Center for Studies and Measuring Iraqi Public Opinion, Basil Hussein, believes that the agreement concluded is "unfair" and did not take into account the national interests of his country.

    Hussein explained in a lengthy tweet that he posted on his Twitter page that the agreement will make Iraq buy energy from Iran at prices many times higher than global rates.

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