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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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    The oil-for-gas agreement between Iraq and Iran enters into force

    Rocky
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    • Post n°1

    The oil-for-gas agreement between Iraq and Iran enters into force Empty The oil-for-gas agreement between Iraq and Iran enters into force

    Post by Rocky Tue 01 Aug 2023, 5:46 am

    The oil-for-gas agreement between Iraq and Iran enters into force
    • Time: 08/01/2023 12:09:44
       
    • Read: 780 times

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    {Economic: Al Furat News} The barter agreement (oil for gas) between Iraq and Iran entered into force, starting today, Tuesday, August 1.
    Hamid Hosseini, head of Iran's Petroleum Products Exporters Union, declared in a statement to Iranian media that: "Iraq will send us about 30,000 barrels of crude oil and 70,000 barrels of diesel in exchange for gas exports, starting in August."
    He explained the volume of electricity and gas exports to Iraq and the amount of oil and other products imports in the form of barter, noting that, according to the statistics announced by the National Iranian Gas Company, we exported 18 billion cubic meters of gas last year, most of which went to Turkey and Iraq.
    He added: “We exported an average of 25 million cubic meters of gas to Turkey and the same amount also to Iraq, and the export quantities may vary in some seasons of the year to reach 50 million cubic meters per day, but when we face a shortage of gas in the winter, this quantity decreases significantly.” Where 9-10 billion cubic meters of gas must be delivered to Iraq every year according to the agreement signed between the two countries, and this amount can decrease or increase in certain seasons of the year.
    Referring to the value of electricity and gas exports to Iraq, Hosseini mentioned: “The Iraqi government announced that it imported 3 billion and 800 million dollars of gas in 2022, and since Iraq does not import gas from any other country, we can say that the total value of that value is attributed to Iranian exports. In addition to this, we have exported $700 million in electricity. Therefore, Iran has exported $4.5 billion in electricity and gas to Iraq over the past year.”
    It is noteworthy that Iraq and Iran signed an agreement in Baghdad on July 11, according to which the imported Iranian gas, which operates power stations, will be exchanged for Iraqi crude oil and black oil.
    The agreement was reached, according to the Prime Minister's Office, "after negotiations that lasted for several days, in which delegations and technical and technical committees from both sides participated."
    A statement by the office stated, "This agreement is 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 complexities of US sanctions that prevented the continuity of payment of import requirements. ".
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