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America renews the extension of Iraq's exemption from sanctions against Iran for four months Time: 08/04/2021 20:16:25 Reading: 1,378 times {Economic: Rat News} The United States of America extended for four months the period of exemption granted to Iraq from sanctions related to dealing with Iran, which Baghdad relies on to import electricity and gas, which began last week, an Iraqi official told AFP on Wednesday. Under the new exception given by the Joe Biden administration, Iraq will be able to continue importing electricity and gas from its eastern neighbor for an additional four months, that is, until the beginning of next December, as the Iraqi official explained to AFP, preferring to remain anonymous, while Iraq is on the verge of Early parliamentary elections on October 10. The duration of this exemption is equal to the last granted by the Biden administration in early April, which is the longest period allowed by US law. Although Iraq is an oil country, it relies heavily on Iran in the field of energy, as it imports a third of its consumer needs of gas and electricity, due to its dilapidated infrastructure, which makes it unable to achieve self-sufficiency to secure the needs of its 40 million people. Iraq currently produces 16,000 megawatts of electricity, which is much less than its estimated need of 24,000 megawatts, and reaches 30,000 in the summer, while its population may double by 2050, which means an increase in its energy consumption, according to the United Nations. At the beginning of last month, several Iraqi provinces plunged into darkness in the midst of a blazing summer due to electricity cuts caused by attacks on power distribution lines, and Tehran halted for several days the export of gas that Iraq relies on to operate its power stations, due to Iraq's failure to pay its debts. Iraq owes Iran more than $6 billion in arrears, which are bills owed by the Iraqi Ministry of Electricity. While the exemption enables Iraq to obtain energy from its neighbor without problems, it prevents Baghdad from paying in dollars to the Islamic Republic. -
**Al-Kazemi directs three decisions to confront the electricity crisis and blames dependence on Iranian gas** 2022-01-23 10:20 Shafaq News/ Today, Sunday, Prime Minister Mustafa Al-Kazemi chaired an emergency meeting that included the ministers of oil, finance and electricity and a number of officials, to discuss the electric power crisis that the country is currently witnessing. According to a statement by Al-Kazemi's office, the crisis is due to the increased loads on the electrical network as a result of the severe cold wave, and due to the lack of imported gas from the Iranian side. Al-Kazemi stressed that the previous governments did not diversify the sources of gas import and adopted one source, which led to a deterioration in the production of electrical energy in the event of a shortage or halt in gas imports, while the current government sought to sign several giant contracts to invest gas in various oil fields for the purpose of developing a final and national solution. to this problem over the next few years. The statement added, "To make the current situation critical, the Prime Minister directed the Ministry of Oil to take several measures that would contribute to providing electricity to citizens and compensating for the shortfall in energy production, as he directed the following: 1- Increasing the share of private generators from gas oil fuel in areas experiencing multiple power outages. 2- Follow-up to ensure the distribution of the prescribed quotas for citizens of white oil and the provision of additional quantities at the outlets. 3- Providing liquid fuels for electric power production stations to compensate for the shortfall in gas imports from the Islamic Republic of Iran. https://shafaq.com/ar/اقتصـاد/الكاظمي-يوجه-بثلاثة-قرارات-لمواجهة-ازمة-الكهربا
