[size=36]An Iraqi official announces an agreement with Tehran regarding the payment of debts to Iran[/size]
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The Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed today, Saturday, that an agreement had been reached on settling his country’s debts related to importing gas from Iran through a new method.
IRNA news agency quoted Al-Alaq on Saturday evening as saying, “There are ongoing discussions to regulate the import process from the Iranian side in a way that does not expose Iraq to any problems by violating sanctions and agreements.”
The Iraqi official explained that there was an agreement between the Iraqi and Iranian parties, stipulating that his country's debts incurred from Iranian gas imports would be settled through a new method through which these amounts would be paid.
Ali Al-Alaq continued that the Iraqi discussions with Iran regarding regulating the import of gas are continuing, so that Iraq is not exposed to problems such as violating sanctions and agreements, adding that the Central Bank of Iraq will reach a clear formula in regulating the trade process with Iran, especially since part of it is through barter.
Early last month, the Iranian and Iraqi oil ministers discussed how to enhance Iranian gas exports to Iraq, as well as discussing the issue of repaying Baghdad’s gas debts to Tehran.
A delegation from the Iraqi Ministry of Electricity visited Iran at the beginning of last June. The visit led to an increase in gas imports to Iraq, as the spokesman for the Iraqi Ministry of Electricity, Ahmed Musa al-Abadi, explained that “Iran supplies Iraq with 45 million cubic meters of gas, This helped enhance the capacity of power plants and launch other Iraqi power plants, and the Iranian side is ready to increase gas exports to Iraq.”
Al-Abadi pointed out that there is no possibility of supplying gas from countries other than Iran, or gas transportation lines to import gas to Iraq, adding that the only existing communication lines that supply Iraqi gas are from Iran. Ended 29/M99