The Iranian Minister of Energy discusses with Al-Kazemi and the Governor of the Central Bank bilateral cooperation and debt

[yota691]

The Iranian Minister of Energy discusses with Al-Kazemi and the Governor of the Central Bank bilateral cooperation and debt

•  Time: 12/29/2020 13:42:55
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•  Read: 1,144 times

  

{International: Al Furat News} The Prime Minister, Mustafa Al-Kazemi, received Iranian Energy Minister Reza Ardakanian and his accompanying delegation today, Tuesday, which arrived in the capital, Baghdad.

The two sides discussed, according to the Iranian News Agency (IRNA), during the meeting, which was attended by Iranian Ambassador Iraj Masjedi, bilateral relations and cooperation between the two countries.
The Iranian Minister of Energy arrived in Iraq this morning at the head of a delegation, and was received by his Iraqi counterpart and the ambassador and staff of the Embassy of the Islamic Republic of Iran in Baghdad.
The Iranian Minister of Energy also met with the Governor of the Central Bank of Iraq, Mustafa Ghaleb, and discussed with him bilateral relations, financial cooperation, and Baghdad's payment of dues for exporting Iranian gas and electricity to Iraq.
The two sides also discussed during the meeting joint financial cooperation to serve the interests of the two countries.
The Iranian Minister of Energy and the accompanying delegation had met earlier today with the Iraqi Ministers of Electricity and Trade. During these meetings, relations and cooperation in the fields of electricity, energy and trade were reviewed, Iraq's debts to Iran for the sale of electricity and gas, the method of payment, and the Joint Higher Economic Committee between the two countries.
The Iranian Energy Minister arrived in Iraq this morning at the head of a delegation. Other topics on the agenda in this visit include the issue of the joint economic committee of the two countries and the issue of Iraq's debts to Iran.
Ammar Al-Masoudi
 

[6ly410]

ERBIL, Kurdistan Region — Iran has substantially reduced its natural gas exports to Iraq, threatening to plunge part of its western neighbor into darkness as a two-year debt repayment agreement appears to have borne little fruit for Tehran.

“The ministry of electricity of Iraq is in debt of more than five billion dollars,” the National Iranian Gas Company (NIGC) said in a statement on Monday.

“Despite several contractual warnings, unfortunately ignored by the Iraqi side… this company has resorted to reducing the volume of gas exported,” the statement said.

Iraq is also in debt of more than one billion dollars in contractual fines, the NIGC added, bringing the total debt to more than 6 billion dollars.

The statement comes after the spokesperson for Iraq’s electricity ministry said on Sunday that Iran had slashed its natural gas exports from 50 million cubic meters (mcm) a day to just three mcm – cutting the amount of electricity Iraq can produce by up to a third. According to the International Energy Agency, the peak demand in Iraq was 27.3 gigawatts (GW) in 2018, but the maximum grid supply was 16.4 GW.

In February 2019, Iran Central Bank Governor Abdolreza Hemmati signed a trade exchange agreement with his Iraqi counterpart Ali Alaq in Baghdad to settle the accumulated debts and facilitate the transfer of future payments for exports.

But this financial mechanism appears to have failed, with Iran unable to access three billion dollars’ worth of Iraq’s debt repayments deposited in the Trade Bank of Iraq (TBI), according to the NIGC statement. More than two billions dollars of debt is also overdue.

Iran is unable to access the funds deposited in the TBI due to US banking sanctions, which were re-introduced in 2018 after Washington withdrew from the 2015 Iran nuclear deal.

Washington has granted Iraq repeated waivers that allow it to import natural gas and electricity without it being subject to the sanctions that other countries face if they trade with Iran. However, it appears that Baghdad could incur sanctions if it sends Iran debt repayments.

Iran has also been placed on the “high-risk jurisdiction” list of the Paris-based Financial Action Task Force (FATF), the top international watchdog on money laundering and financing of terrorism since February for failing to enact the appropriate legislation to fight money laundering and financing of terrorism. 

As a member of the FATF regional body in the Middle East and North Africa (MENA) region, Baghdad is obliged to “apply enhanced due diligence, and in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the ongoing money laundering, terrorist financing, and proliferation financing risks emanating from the country.”

Iran’s energy minister Reza Ardakanian arrived in Baghdad on Tuesday to meet with Iraqi electricity minister to discuss the reduction of natural gas exports, among other issues.

Prior to the gas export reduction, Iraq could generate 19,000 megawatts a day at its peak from its national grid, with the rest of Iraq’s electricity needs met by private generators. However, the reduction of natural gas exports from Iran has cut national grid capability by 6,550 MW, threatening to plunge part of Iraq into darkness while prime minister Mustafa al-Kadhimi is under acute financial pressure due to the COVID-19 pandemic and drop in oil prices.

The electricity system in Iraq is split into two with Kurdistan Region operating its own system. The Kurdistan Region’s national grid electricity provisions stood at around 15 hours daily in October; in southern parts of federal Iraq, it was 5-8 hours daily.

Despite the contention over debt repayments and natural gas supply, Iran is currently in the process of constructing a 590-kilometre natural gas pipeline to export around 110 mcm to Iraq per day.

[yota691]

Iraq and Iran agree to resume pumping gas from tomorrow and pay the dues

•  Time: 12/29/2020 22:09:55
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•  Read: 3,380 times

  

{International: Al-Furat News} Iraq and Iran have agreed to resume pumping gas to Iraq to run power stations, starting tomorrow, Wednesday, days after the announcement of a significant reduction in those imports due to the existence of financial arrears of Iran on the Iraqi side.

A spokesman for the Ministry of Electricity, Ahmed Moussa, said in a press statement, commenting on the reception of the Prime Minister, Mustafa Al-Kazemi, the Iranian Minister of Energy, Reza Ardakanian, today, Tuesday, that "it was agreed with the Iranian side to resume pumping gas, starting tomorrow, to operate the electrical stations. .
And he indicated that "obstacles have been removed regarding the payment of dues to the Iranian side," explaining that "the agreement provides for the resumption of gas imports from Iran according to the previously agreed quantity, which is 50 million cubic meters."
Iran had surprised Iraq with a decision on its debts regarding the purchase of fuel for gas-fired electric power plants.
The National Gas Company of Iran said yesterday that it is reducing Iraq's gas supply due to debt.
Iraq's debts owed to Iran have exceeded $ 6 billion
According to the Iranian Gas Company, there are bills of $ 5 billion on Iraq, of which 3 billion are withheld and inaccessible and indicate that the withheld funds cannot be accessed at the Trade Bank of Iraq.
There are also other outstanding debts exceeding two billion dollars, and contractual violations of more than one billion dollars.
The Iranian Minister of Energy arrived in Iraq on Tuesday morning at the head of a delegation. He was received by the Minister of Electricity, Majid Hantoush, Ambassador and staff of the Embassy of the Islamic Republic of Iran in Baghdad, and he met with the Ministers of Electricity and Trade and the Governor of the Central Bank of Iraq.
During these meetings, relations and cooperation in the fields of electricity, energy and trade were reviewed, Iraq's debts to Iran for the sale of electricity and gas, the method of payment, and the joint Higher Economic Committee between the two countries.
The Iranian minister also met with Prime Minister Mustafa Al-Kazemi and informed him of the Iranian government's pledges to urgently resume pumping Iranian gas, which was recently cut off for technical reasons.
Ammar Al-Masoudi

[yota691]

Iranian Energy Minister: Urgent resumption of gas pumping to Iraq after cutting it recently

The Iraqi Prime Minister receives the Iranian Minister of Energy to discuss the return of gas pumping to Baghdad

 29 December 2020 05:41 PM

Mubasher: The Iraqi Prime Minister, Mustafa Al-Kazemi, received today, Tuesday, the Iranian Energy Minister, Reza Ardakanian, and his accompanying delegation.

During the meeting, they discussed bilateral relations between the two countries and ways to consolidate joint cooperation between the two countries, and the head of the Iranian delegation conveyed the greetings of President Hassan Rouhani to the Prime Minister and his wishes to move forward towards developing economic relations between the two countries, as well as supporting his security steps in confronting the uncontrolled weapon and controlling groups. Outlaws, and extend security and stability across the country by the force of law, according to the Media Office of the Prime Minister of Iraq.

Ardakanian conveyed the Iranian government's pledges to urgently resume pumping Iranian gas, which was recently cut off for technical reasons.

The media office of the Central Bank of Iraq stated today that the Governor of the Central Bank, Mustafa Ghaleb Makheif, met with the Iranian Minister of Energy, and discussed with him means of cooperation between the two countries.

Last Sunday, the Iraqi Ministry of Electricity revealed an upcoming visit by the Iranian Energy Minister to Iraq. To discuss gas export and the consequent dues.

[yota691]

Responsible source: Paying Iraq's debts for the purchase of Iran's electricity through barter

•  Time: 12/29/2020 20:08:11
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•  Read: 7,839 times

  

{International: Al-Furat News} A member of the Joint Iranian-Iraqi Chamber of Commerce, Syed Hamid Hosseini, said that a portion of Iraq's debts for the purchase of electricity from Iran were paid through barter.

Hosseini said in a statement to the official Iranian news agency (IRNA) today, Tuesday, that "Iran has fulfilled part of Iraq's debts in purchasing electricity from it, through barter, and has purchased some goods that will reach the country soon."
While referring to the decline in the volume of Iranian non-oil exports to Iraq during the current year, the Iranian trade official confirmed that the process of exporting electricity to this country is still in place, with annual revenues of $ 700 million.
He also touched on the agreement to export Iranian gas to Iraq, indicating that there is only 3 years left of the validity of this agreement, and in the event that Iraq did not succeed during the remaining period in purchasing gas from the Kurdistan region or did not obtain the technology to extract gas from its fields, then it will be To extend the gas purchase agreement with Iran again.
Ammar Al-Masoudi

[yota691]

Iran swaps dues to Iraq for a Corona vaccine

The New Arab
December 30, 2020

Corona pandemic increases economic difficulties resulting from US sanctions (Anatolia)

Iranian Energy Minister, Reza Ardakanian, revealed after his visit to Iraq, that he had agreed with Iraqi officials to "use the Iranian assets in Iraq to pay for the purchase of the Corona vaccine from Europe," apparently due to the difficulty of Tehran receiving these funds in cash due to the US sanctions that target any Money transfers to and from Iran.

The Iranian assets in Iraq are the accumulated revenues of Iranian exports of electricity and gas energy, estimated according to Iranian reports at about 5 billion dollars, which Baghdad was late in paying due to the US sanctions.

To put pressure on the Iraqi government to pay these debts, Iran recently reduced the supply of natural gas to Iraqi power stations, before Iranian Energy Minister Reza Ardakanian visited the capital, Baghdad, on Tuesday, in order to obtain part of the debt.

Iraq imports gas from Iran 50 million cubic meters per day to operate the gas-fired electric power stations that were built during the past years, while Iraqi parliamentarians and politicians accuse their successive governments of deliberately disrupting the investment of gas fields to continue imports from Iran.

According to the new Iranian reduction in the quantities of gas exported to Iraq, the quantities decreased to 5 million cubic meters per day, equivalent to only 10% of the agreed quantities. According to the spokesman for the Iraqi Ministry of Electricity, Ahmad Musa, "Iran's debts amount to $ 2.6 billion."

Today, Wednesday, the Iranian Minister of Energy described the results of his visit to Iraq as "successful," referring to his meetings and discussions with the Iraqi Prime Minister Mustafa Al-Kazemi, the ministers of energy and trade, the governor of the Central Bank and the Trade Bank in Iraq.

And he considered that "one of the most important decisions was to hold a meeting of the Joint Committee for Economic Cooperation between Iran and Iraq, with the active participation of the governmental and private sectors in the coming weeks."

Ardakanian added that "good agreements were concluded on reconstruction projects for the Iraqi electricity industry," noting in the context "two important projects in the field of reducing electricity waste in the electricity distribution network and rebuilding the damaged electrical equipment."

He revealed that "despite the existing restrictions, the Iraqi Ministry of Energy paid a large part of the debts owed to Twanir Company and the National Iranian Gas Company," but he did not clarify the method of paying these debts if it was made directly to Iran or in the form of barter for basic commodities that Iran would buy from other countries.

However, he referred to "new financial arrangements" with Iraq to pay the debts, expressing his hope that Iran would "get faster on its existing assets in Iraq to buy basic commodities in the near future." The Iranian Energy Minister affirmed that "a good agreement has been reached regarding the payment of debts and he is ready to sign it."

Iran, which is facing stifling US sanctions and an economic crisis due to these sanctions and the repercussions of Corona, desperately needs its frozen assets abroad to run its economic affairs in light of the large budget deficit.

The Iranian government does not reveal the size of its frozen funds, but according to media reports estimated at more than 100 billion dollars, including 5 billion dollars in Iraq, 8 billion dollars in South Korea and 20 billion dollars in Japan.

Finally, the Governor of the Central Bank of Iran, Abdel Nasser Hemmati, spoke about tens of billions of dollars, saying: "At the present time, tens of billions of dollars of (Iranian) Central Bank reserves are frozen in countries due to fear of American crimes," referring to threats and pressures. Washington practices these countries to discourage them from releasing these funds.

During the past two years, Iranian officials, led by the governor of the Central Bank, made several visits to Iraq, and understandings and agreements were reached on the payment of debts owed to Iran, but on the ground, nothing happened, which prompted the Iranian President, Hassan Rouhani, on September 12th. To speaking with reproach toward "friendly countries" that refuse to release Iranian funds, saying that "there are friendly countries that we have funds in their banks, but they refuse to release them."

Rouhani attributed the lack of release of the funds to American pressure on these countries, which he did not name, saying that these countries "informed us that the Americans are putting pressure on us and threatening us if we release these funds."

[yota691]

Iran٬ Iraq will buy the Corona vaccine for the Iranian people with our money

 

The Iraqi and Iranian flags

Arab and international Economy News - Baghdad Iran announced that Iraq will purchase a Corona virus vaccine to the Iranian people from the Iranian debt funds on Iraq. Iranian Energy Minister, Reza Ardakanian, told "IRNA" that the Iranian Ministry of Health, taking into account a set of considerations, intends to purchase the doses of the Corona vaccine from a European company, and the cost will be paid from these Iranian funds in Iraq. "We hope to use our financial resources in Iraq more quickly to purchase basic commodities and other materials that we need in the near future, " the Iranian minister added . Regarding the resumption of Iranian gas exports to Iraq, Ardakanian said: "Despite the restrictions in this regard, fortunately, the Iraqi Ministry of Electricity and the Iraqi authorities were able to pay a large part of the payment of their debts to Twanir Company, and part of the debts owed to the Iranian Gas Company."

Number of observations 60   Date of addendum 12/30/2020

[yota691]

 Iran / Iran  Date: December 1399 - 12:06 GMT

 

 

 

Iranian Minister: We have agreed with Iraq to receive 700 million dollars

The Iranian Minister of Energy announced the agreement with the Iraqi side to receive about 700 million dollars from the electricity and gas export dues.

On the sidelines of the cabinet session today, Wednesday, the day after his return from an official visit to Baghdad, Minister Rida Ardakanian stated that he had held intensive and fruitful sessions with Iraqi officials regarding electricity and gas dues and that the stages of receiving about $ 700 million of these dues are final and it was decided to deposit them in Iran's accounts.

He pointed out that the opening of bank accounts in the euro currency to pay the dues of the National Iranian Gas Company and the "Tawanir" company for the generation, transmission and distribution of electricity is among the consensus reached, as the amounts will be deposited in the euro currency gradually, stressing that this measure in turn reduces facing the ban.

On the other hand, the Iranian Minister of Energy confirmed the agreement with the Iraqi Minister of Electricity to implement two major projects in this country, and that Iranian companies will participate in projects to reduce damage to the electricity distribution network and repair the damaged equipment, which amounts to about 5,000 electrical transformers.

[yota691]

Iran٬ Iraq will buy the Corona vaccine for the Iranian people with our money

 

The Iraqi and Iranian flags

Arab and international Economy News - Baghdad Iran announced that Iraq will purchase a Corona virus vaccine to the Iranian people from the Iranian debt funds on Iraq. Iranian Energy Minister, Reza Ardakanian, told "IRNA" that the Iranian Ministry of Health, taking into account a set of considerations, intends to purchase the doses of the Corona vaccine from a European company, and the cost will be paid from these Iranian funds in Iraq. "We hope to use our financial resources in Iraq more quickly to purchase basic commodities and other materials that we need in the near future, " the Iranian minister added . Regarding the resumption of Iranian gas exports to Iraq, Ardakanian said: "Despite the restrictions in this regard, fortunately, the Iraqi Ministry of Electricity and the Iraqi authorities were able to pay a large part of the payment of their debts to Twanir Company, and part of the debts owed to the Iranian Gas Company."

Number of observations 391   Date of addendum 12/30/2020

[ididitfirst]

On 12/29/2020 at 11:40 AM, 6ly410 said:

ERBIL, Kurdistan Region — Iran has substantially reduced its natural gas exports to Iraq, threatening to plunge part of its western neighbor into darkness as a two-year debt repayment agreement appears to have borne little fruit for Tehran.

“The ministry of electricity of Iraq is in debt of more than five billion dollars,” the National Iranian Gas Company (NIGC) said in a statement on Monday.

“Despite several contractual warnings, unfortunately ignored by the Iraqi side… this company has resorted to reducing the volume of gas exported,” the statement said.

Iraq is also in debt of more than one billion dollars in contractual fines, the NIGC added, bringing the total debt to more than 6 billion dollars.

The statement comes after the spokesperson for Iraq’s electricity ministry said on Sunday that Iran had slashed its natural gas exports from 50 million cubic meters (mcm) a day to just three mcm – cutting the amount of electricity Iraq can produce by up to a third. According to the International Energy Agency, the peak demand in Iraq was 27.3 gigawatts (GW) in 2018, but the maximum grid supply was 16.4 GW.

In February 2019, Iran Central Bank Governor Abdolreza Hemmati signed a trade exchange agreement with his Iraqi counterpart Ali Alaq in Baghdad to settle the accumulated debts and facilitate the transfer of future payments for exports.

But this financial mechanism appears to have failed, with Iran unable to access three billion dollars’ worth of Iraq’s debt repayments deposited in the Trade Bank of Iraq (TBI), according to the NIGC statement. More than two billions dollars of debt is also overdue.

Iran is unable to access the funds deposited in the TBI due to US banking sanctions, which were re-introduced in 2018 after Washington withdrew from the 2015 Iran nuclear deal.

Washington has granted Iraq repeated waivers that allow it to import natural gas and electricity without it being subject to the sanctions that other countries face if they trade with Iran. However, it appears that Baghdad could incur sanctions if it sends Iran debt repayments.

Iran has also been placed on the “high-risk jurisdiction” list of the Paris-based Financial Action Task Force (FATF), the top international watchdog on money laundering and financing of terrorism since February for failing to enact the appropriate legislation to fight money laundering and financing of terrorism. 

As a member of the FATF regional body in the Middle East and North Africa (MENA) region, Baghdad is obliged to “apply enhanced due diligence, and in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the ongoing money laundering, terrorist financing, and proliferation financing risks emanating from the country.”

Iran’s energy minister Reza Ardakanian arrived in Baghdad on Tuesday to meet with Iraqi electricity minister to discuss the reduction of natural gas exports, among other issues.

Prior to the gas export reduction, Iraq could generate 19,000 megawatts a day at its peak from its national grid, with the rest of Iraq’s electricity needs met by private generators. However, the reduction of natural gas exports from Iran has cut national grid capability by 6,550 MW, threatening to plunge part of Iraq into darkness while prime minister Mustafa al-Kadhimi is under acute financial pressure due to the COVID-19 pandemic and drop in oil prices.

The electricity system in Iraq is split into two with Kurdistan Region operating its own system. The Kurdistan Region’s national grid electricity provisions stood at around 15 hours daily in October; in southern parts of federal Iraq, it was 5-8 hours daily.

Despite the contention over debt repayments and natural gas supply, Iran is currently in the process of constructing a 590-kilometre natural gas pipeline to export around 110 mcm to Iraq per day.

if iraq has oil and gas, why is iraq importing it from iran?

[yota691]

Iraqi Electricity: Iran has not resumed pumping gas yet

The Iraqi Ministry of Electricity - Archives

 03 January 2021 12:39 AM

Mubasher: The Iraqi Ministry of Electricity confirmed today, Saturday, that an initial agreement has been reached to resume pumping Iranian gas to Iraq. 

Ahmed Moussa, spokesman for the Ministry of Electricity, told the Iraqi News Agency (INA) that the Iranian side has not yet resumed pumping gas and is awaiting the higher approvals in Iran.

Moussa added that the meeting that brought together the Minister of Electricity, Majid Mahdi Hantoush, and the Iranian Minister of Energy, witnessed the overcoming of many outstanding problems between the two parties, as a preliminary agreement was made to re-pump gas through the gas pipelines that benefit the production stations. 

A spokesman for the Iraqi Ministry of Electricity pointed out that the ministry is now awaiting official approvals and the implementation of what was agreed upon with the Iranian side to pump gas to Iraq.

Earlier, Iranian Energy Minister Reza Ardakanian pledged to urgently resume pumping gas, which was recently cut off for technical reasons.

In a previous statement, the office of Iraqi Prime Minister Mustafa Al-Kazemi said that Al-Kazemi received in his office, Iranian Energy Minister Reza Ardakanian and his accompanying delegation, and that during the meeting they discussed bilateral relations between the two countries and ways to consolidate joint cooperation between the two countries.

The statement of the media office of the Iraqi prime minister added that the head of the Iranian delegation conveyed the greetings of the President of the Islamic Republic of Iran, Hassan Rouhani, to the Prime Minister and his wishes to move forward towards developing economic relations between the two countries, as well as supporting his security steps in confronting uncontrolled weapons, and controlling outlaw groups. And extend security and stability throughout the country by the force of law.

And he continued, "Ardakanian transferred the Iranian government's pledges to urgently resume pumping Iranian gas, which was recently cut off for technical reasons."

[yota691]

Washington extends the exemption granted to Baghdad to import energy from Tehran

 

Oil field

energy Economy News _ Baghdad An Iraqi official told "AFP", on Tuesday, that the United States extended the exemption granted to Iraq for three additional months from sanctions imposed on Iran in the energy field, which would allow Baghdad to continue importing gas and electricity from Tehran. Although Iraq is an oil country, it relies heavily on Iran in the field of energy, as it imports a third of its consumption needs of gas and electricity due to its aging infrastructure that makes it unable to achieve self-sufficiency in the energy field to secure the needs of its 40 million people . Since the United States re-imposed sanctions on Iran at the end of 2018, the US administration has been granting Iraq one exemption after another, pending finding other suppliers. Under the new exemption, Iraq will be able to continue importing electricity and gas from its eastern neighbor until early April, that is, two months after President-elect Joe Biden took office on January 20 from outgoing President Donald Trump. The Iraqi official told "Agence France Presse," asking not to be named, that this new exemption, which is longer term than all previous exemptions, is the result of "long discussions." However, this exemption will not solve the problems of a country suffering from a chronic shortage of electricity. Tehran is demanding Baghdad pay more than $ 6 billion in arrears. These bills are due from the Iraqi Ministry of Electricity, which US sanctions prevent it from paying any dollar amount to the Islamic Republic, and because of these arrears, Iran has recently reduced its gas exports to Iraq.

Number of observations 146   Date added 01/05/2021

[rvmydinar]

On 12/31/2020 at 9:19 AM, ididitfirst said:

if iraq has oil and gas, why is iraq importing it from iran?

May be iraq only concentrate 90% more on oil ( may be because the selling price of oil is much higher than the selling price of gas ), that's why iraq doesn't want to explore the gas too much. Therefore, iraq has imported and bought gas and electricity from iran. If iraq can explore gas as much as oil , then iraq will not import and buy gas from iran. This is just my opinion. I hope i was wrong.

[DoD]

On 12/30/2020 at 9:19 PM, ididitfirst said:

if iraq has oil and gas, why is iraq importing it from iran?

You see all these pretty pictures of gas being flared off, that’s what their buying from the Iranians. 
The Iraqis don’t have the technology to use this gas to run their power plants for electricity. 
Maybe one day they’ll get caught up with the 21st century....

[trident]

On 12/31/2020 at 2:19 AM, ididitfirst said:

if iraq has oil and gas, why is iraq importing it from iran?

because over the decades, corrupt Iranian bias officials caused it to happen.

[screwball]

On 12/31/2020 at 1:19 PM, ididitfirst said:

if iraq has oil and gas, why is iraq importing it from iran?

oil they have gas they flare...but this will chaange as its costing them over 150 billion per year in lost gas exports

[screwball]

6 hours ago, DoD said:

You see all these pretty pictures of gas being flared off, that’s what their buying from the Iranians. 
The Iraqis don’t have the technology to use this gas to run their power plants for electricity. 
Maybe one day they’ll get caught up with the 21st century....

exactly. sorry didnt see your response when you responded

[yota691]

Iran reveals the remaining financial dues for the supply of electricity to Iraq

 

energy Economy News _ Baghdad Iranian Energy Minister Reza Ardakanian revealed, on Wednesday, the size of the remaining financial dues owed by Iraq for the supply of electric power. In an interview with Fars News Agency, the minister said, "Iran has two foreign exchange contracts for electricity and gas with Iraq, and according to the announcement by the Iranian" Tawanir "company for the generation, transmission and distribution of electricity, the electricity dues owed by Iraq are less than two months. The Iranian minister added," And since 2004 So far, Iran exports electricity to Iraq, and the dues are paid directly or by paying them to the private sector claimants, so the electricity sector dues are not of that size. ”He explained,“ Iran exports gas to Iraq, which in turn delivers it to private companies in order to operate the small and major stations and provide electrical energy. For the people, therefore, electricity and gas are two commodities to serve the people of this country. " Ardakanian stressed, "The accumulation lies in the dues of Iranian gas exports to Iraq, and it consists of two parts, the first is deposited in the account of the National Gas Company with the Iraqi Commercial Bank and the second has not been paid by the Iraqi Ministry of Electricity."

Number of observations 39   Date added: 01/06/2021

[shixjr]

It's another example of "giving a poor person a million dollars".  Most people that win a lottery of a million dollars or more are broke again within 5 years.  Iraq was one of the poorest countries in the middle east when oil was found there in the early 1900's.  They went from poor to rich overnight, but never learned how to handle their newfound wealth, so they have blown it all, mostly through corruption.  Natural gas is a by-product of oil production and they have been literally burning a portion of their wealth for decades and then buying it from Iran.  I think Kazemi is trying to fix it, but it's hard to fix decades of wrong thoughts in a year or two.  I have faith they will turn around, but it's been a slow process.

[rvmydinar]

45 minutes ago, shixjr said:

I think Kazemi is trying to fix it, but it's hard to fix decades of wrong thoughts in a year or two.

So you were saying that we have to wait until at least 2022 for iraq to be able to handle their newfound wealth and wipe out the corruption? If when the rv comes and we all can exchange dinar for dollars in the us and we can't exchange dinar for dollars in the country of iraq, then why do have to wait until 2022? Don't you folks think the cbi can just suddenly rv the iqd at anytime?

[shixjr]

I didn't say we have to wait until 2022.  Kazemi has only been in there for a year or so.  The CBI can do what they want to do.  Iraq has had their wealth for 100 years now.  I was simply trying to explain why they are having to import their gas from Iran when they have all they need already.

[rvmydinar]

6 hours ago, shixjr said:

I didn't say we have to wait until 2022.  Kazemi has only been in there for a year or so.  The CBI can do what they want to do.  Iraq has had their wealth for 100 years now.  I was simply trying to explain why they are having to import their gas from Iran when they have all they need already.

thanks for your explanation. i am glad you say this " The CBI can do what they want to do ".

[yota691]

Electricity: The Iranian gas crisis will be resolved within two weeks

•  Time: 02/01/2021 15:14:33
•  
•  Read: 871 times

  

(Baghdad: Al Furat News) The spokesman for the Ministry of Electricity, Ahmed Al-Abadi, confirmed that the Iranian gas crisis will be resolved within two weeks.

In a press statement to Al Furat News Agency, Al-Abadi said, "There are contacts with the Iranian side regarding gas and we are awaiting approval from the Iranian government," stressing that "within two weeks, this problem will be solved."

He added that "contracts and wages were secured according to what we received from information," noting that "the ministry's budget is secured from the central collection funds and there are no new investment projects."

The Iranian Energy Minister, Reza Ardakanian, visited Baghdad at the end of last month and pledged to release gas to Iraq, but this did not happen on the ground, and the issue of paying the Iranian debts owed by Iraq is still an obstacle to the issue of gas supply.
The recent terrorist attacks in the country targeting towers to transfer power lines caused a decrease in the hours of supplying electricity to citizens.
After the rates of supplying electric power declined in all Iraqi provinces, sometimes reaching about two hours of preparation for only 6 hours of extinguishing, the citizens returned to pouring out their anger on the government authorities and the Ministry of Electricity in particular.

[yota691]

Iran is waiting for Iraq to pay its debts, and the Finance Minister: is on the list of priorities

 

Finance Minister Ali Abdul Amir Allawi "Internet"

money and business Economy News - Baghdad The Iranian ambassador in Baghdad, Iraj Masjedi, held a meeting with the Iraqi Minister of Finance, Abdul Amir Allawi; To discuss the issue of recovering the frozen Iranian assets in Iraq. The meeting between Allawi and Masjedi, which was held yesterday, Monday, dealt with the political atmosphere between the two countries and the mechanisms for paying Iran's financial demands from the Iraqi side, according to the IRNA website. In addition, Iraqi Finance Minister Ali Allawi stressed that "Iran's financial demands are on the list of priorities and that the necessary estimates have been drawn up in this regard." It is noteworthy, that Iran is asking Iraq sums of money worth 6 billion dollars, in return for its exports of electricity and gas to this Iraq. It is noteworthy that Iranian Energy Minister Reza Ardakanian said at the end of 2020 that his country had received about 700 thousand dollars from Iraq in exchange for electricity and gas exports. Ardakanian added that during his visit to Iraq, meetings were held, and good agreements were reached regarding dues to export electricity and gas to Iraq. The Minister of Energy also said, (December 29, 2020), that Iran will pay for the purchase of the Corona vaccine from Europe with its own money in Iraq. Earlier, the Iraqi Ministry of Electricity warned that a number of cities, including the capital, Baghdad, are at risk of power outages due to the decline in Iranian electricity exports.

Number of observations 81   Date of addendum 03/09/2021

[yota691]

Governmental Adviser: The Iranian debt on Iraq increases with gas and electricity consumption

 

The appearance of Muhammad Saleh

energy Economy News - Baghdad The financial advisor to the Prime Minister, Dr. Mazhar Muhammad Salih, announced that the accumulated Iranian debt on Iraq is from the purchase of gas and electricity, adding that the balance is variable and may increase with the consumption of gas and electricity daily and decrease upon payment. Salih said in an interview with Al-Jazeera Net and seen by "Al-Eqtisad News", that the accumulated money of Iranian companies is the value of Iraq's purchases of gas supplied to Iraq's power stations, as well as the price of supplying live electricity to some provinces, and these rights accumulate daily with the value of the supply . Saleh explained that there is a complete ban from the United States on any dealings in dollars or foreign currencies in the form of bank transfers with Iran, indicating that there are humanitarian exceptions represented by the possibility of paying those accumulated rights in cash in favor of Tehran for needs such as food, medicine and some of the expenses of tourists coming to Iraq, and reimbursed from The accumulated amounts and those receivables are subject to criteria acceptable to all parties . Saleh stressed that the balance is variable and may increase with daily gas and electricity consumption and decrease when paying.

Number of observations: 114   Date of addendum 03/09/2021