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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Annual cost reaches 4 billion annually.. Government details of Iraq’s file to purchase Iranian elect

    Rocky
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    Annual cost reaches 4 billion annually.. Government details of Iraq’s file to purchase Iranian elect Empty Annual cost reaches 4 billion annually.. Government details of Iraq’s file to purchase Iranian elect

    Post by Rocky Thu 18 Jul 2024, 4:57 am

    Annual cost reaches 4 billion annually.. Government details of Iraq’s file to purchase Iranian electricity

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    Economy News - Baghdad
    [rtl]The Prime Minister's Advisor for Financial and Economic Affairs, Mazhar Salih Mohammed, today, Thursday, separated the file of Iraq's debts to Iran regarding the import of electricity, and while specifying the average annual cost, he confirmed that Iraq depends on Iran to meet about 40% of its energy generation needs.[/rtl]
     
    [rtl]Mohammed said in an interview with Al-Eqtisad News: “The average annual cost that Iraq bears to import gas and electricity from Iran varies between years and according to energy prices in the world, but it is perhaps around 3-4 billion dollars annually or more, depending on the variables of energy prices in the international market.”[/rtl]
     
    [rtl]He said: "There are no debts in the sense of debts based on borrowing mechanisms from the Islamic Republic of Iran, but what is happening is that Iran is supplying the electric power stations that operate on gas fuel in our country in a continuous manner to meet the needs around the clock without stopping for ten years or more."[/rtl]
     
    [rtl]He pointed out that "some direct electricity lines were prepared to meet the need of a number of governorates for direct electrical energy through the electrical connection between the two countries," indicating that "the costs of preparing fuel and electricity have corresponding sufficient annual allocations allocated in the federal general budget."[/rtl]
     
    [rtl]Al-Sudani's advisor added: "Despite the above, the Islamic Republic of Iran is still subject to a financial boycott by the United States and some Western countries, which has banned all banking transactions and related transfers since 2011 until the present time."[/rtl]
     
    [rtl]Mohammed continued: "Because of the problems of electricity shortage in Iraq and the urgent need to import gas and electricity from the neighboring country, Iraq has become dependent on Iranian sources of supply, especially gas fuel."[/rtl]
     
    [rtl]He pointed out that "the US administration takes this matter into consideration and appreciates Iraq's urgent need for electricity, as the United States, for its part, periodically exports what helps pay the Islamic Republic of Iran's dues for the prices of exporting gas and electricity to Iraq."[/rtl]
     
    [rtl]He stressed that "there are clear and transparent payment mechanisms, but they take some time, which creates an accumulation of rights for the Iranian side until the payment and settlement processes are carried out in full at each stage of time and according to a specific and highly governed mechanism."[/rtl]
     
    [rtl]He added, "As long as there is a continuous supply of fuel and electricity from Iran, Iran's rights accumulate by the hour, while financial settlements, due to the restrictions of the Western and American financial and banking embargo on Tehran, take some time to settle the dues for the prices of the supplies, which means that the accumulated balances of financial rights in favor of the Islamic Republic appear as if they are unpaid debts until they are settled periodically."[/rtl]
     
    [rtl]Mohammed explained that “this matter takes the form of a continuous cycle between the accumulation of rights and the timing of their settlement, and during that a financial gap is formed before payment but is closed after settlement and then renewed periodically and so on.”[/rtl]
     
    [rtl]He pointed out that "Iran's provision of gaseous fuel to Iraq represents a large part of Iraq's electricity generation needs, as the country depends on Iran to meet about 40% of its electricity generation needs."[/rtl]


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