"There is no alternative to Iranian gas"... revealing Iraq's need for three years to achieve self-sufficiency - urgent
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Baghdad Today - translation
Today, Saturday (July 22, 2023), the Parliamentary Energy Committee confirmed that there is a preference for Iranian gas supplied to electric power stations in Iraq over others, despite some observations and negatives.
The Iranian news agency (Mehr), according to what was translated by (Baghdad Today), quoted a member of the committee, Kazem Al-Touki, as saying, “Iraq needs at least two to three years to achieve self-sufficiency in gas,” stressing that “the Iraqi government prefers to invest gas locally over importing it from Qatar.”
He explained, "If the Iraqi government chooses to import gas from Qatar via ships, the country will face the problem of the lack of special gas tanks that enable it to use it," explaining that "reliance on Iranian gas is currently done through pipelines that feed power stations directly."
And the Iranian Mehr Agency reported that "Iraq cannot replace the Iranian gas that is necessary to operate electric power generators during the coming period," stressing that "the country will not be able to import gas from Qatar due to the lack of ready pipelines."
And Iraq and Iran signed on July 11, according to which the imported Iranian gas that operates the electric power production stations will be exchanged for Iraqi crude oil and black oil.
The agreement was reached after negotiations that lasted for several days, in which delegations and technical and technical committees from both sides participated. According to the Prime Minister's Office.
According to the Prime Minister's Office, this agreement comes "within the framework of the government's effort to address the crisis of supplying gas that powers power stations, and avoid financing problems and the complications of US sanctions that prevented the continuity of payment of import requirements. The agreement will contribute to providing more flexibility to the process of supplying gas, operating stations, and stabilizing electric power production."
On the other hand, the US State Department said that it continues to review the oil and gas exchange agreement between Iraq and Iran and its compatibility with the current sanctions.
This comes with Washington's issuance last week of a new exemption, the twentieth of its kind, to allow Iraq to pay the value of electricity imports to Iranian accounts registered in the Trade Bank of Iraq.
The 120-day exemption allows Iraq, which relies heavily on Iranian electricity, to deposit payments in non-Iraqi banks in other countries instead of depositing them in accounts restricted in Iraq.
However, funds in non-Iraqi accounts would be restricted, as would those in Iraqi banks, and Iran would need permission from the United States to access those funds, which can only be used for humanitarian needs.
And Tehran had previously pressured Baghdad to obtain permission from the United States to spend that money, by stopping Iranian natural gas exports to Iraq, which reduced its ability to generate electricity and forced it to cut off the electricity supply.
And the US State Department expanded the scope of the latest exemption, at the request of the Iraqi government, to allow funds to be deposited with banks outside Iraq, in the apparent hope that part of the Iranian pressure would transfer to other countries.
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