Disclosure of problems impeding the payment of financial dues to Iran

[yota691]

 

Iran announces the purchase of 16 million doses of the Corona vaccine through its funds in Iraq

 

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 2021-05-29 07:52

 

Shafaq News / The Iranian Minister of Energy, Reza Ardakanian, announced, on Saturday, that it had obtained the necessary licenses to provide 125 million dollars from Iran's assets in Iraq to buy 16 million doses of an anti-Corona virus vaccine.

The ministry's website quoted Ardakanian as saying: Approval was obtained to transfer $ 125 million from Iran's funds deposited in the Iraqi Commercial Bank to a Swiss bank to purchase 16 million doses of the vaccines basket of the WHO’s Covacs program.

He noted that it is expected that the administrative procedures for this purpose will end until the end of this week and that the vaccines will reach the Iranian Ministry of Health soon.

It is noteworthy that Iran's assets deposited in Iraq constitute the majority of gas and electricity export receivables.

[currenzcraze]

Jerusalem Post  Breaking News

 

BREAKING NEWS

Iran says Iraq to release $125 mln of frozen funds for vaccines

By REUTERS   

MAY 29, 2021 15:51

 

Iraq has agreed to transfer $125 million of frozen Iranian funds to a European bank for the purchase of 16 million COVID-19 vaccine doses, Iranian Energy Minister Reza Ardakanian was quoted as saying by state media on Saturday.

 

Iran, the hardest hit Middle Eastern country by COVID-19, has complained that U.S. sanctions were preventing it from making payments to buy vaccines.

 

Ardakanian said the payments would go towards the purchase of vaccines from the World Health Organization (WHO) - sponsored global COVAX vaccine-sharing plan, state news agency IRNA reported.

 

There was no immediate confirmation by Iraqi officials of the reported release of Iran’s funds for the purchase of vaccines.

While holding talks with world powers in Vienna to revive its 2015 nuclear accord, Tehran has demanded the release of $20 billion of its oil revenue it says has been frozen in countries such as Iraq, South Korea and China due to U.S. sanctions since 2018.

[yota691]

 

Iran: Iraq will release our frozen funds

 

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 2021-05-29 10:09

 

Shafaq News / The official Iranian media reported, on Saturday, that the country's Energy Minister, Reza Ardakanian, said that Iraq had agreed to transfer $ 125 million of frozen Iranian funds to a European bank to buy 16 million doses of a vaccine against Coronavirus.

 

Iran, the Middle East country worst affected by the epidemic, complains that US sanctions are preventing it from providing payments for vaccines.

 

The Islamic Republic News Agency quoted the minister as saying that the money will be directed to purchase vaccines from the Kovacs Vaccine Sharing Program sponsored by the World Health Organization.

 

No confirmation has yet been received from Iraqi officials of the planned release of Iranian funds to purchase vaccines.

 

During its talks with world powers in Vienna to revive the 2015 nuclear deal, Iran demanded the release of oil revenues of $ 20 billion, which it says are frozen in countries including Iraq, South Korea and China. Because of the US sanctions imposed since 2018.

[yota691]

Iranian-Iraqi talks to schedule debt repayment

 

The Minister of Finance, Ali Allawi (left), and the Iranian Minister of Economy and Finance, Farhad Dj Bessad.

money and business Economy News - Baghdad Yesterday, Saturday, talks were held in Tehran between the Iranian Minister of Economy and Finance, Farhad Duj Bisnad, and the Minister of Finance, Ali Allawi, on scheduling the debts owed and ways to pay them to Iran. During the meeting, which took place at the headquarters of the Ministry of Economy and Finance in Tehran, the two delegations reviewed reports of bilateral cooperation in various economic fields, including customs, banking, insurance and joint investments. The two sides also discussed ways to resolve the scheduling of the payment of Iraqi debts to the Iranian government.   In turn, the Iranian Minister of Energy, Reza Ardakian, announced the issuance of the necessary permits to transfer 125 million dollars of Iranian assets with the Iraqi Commercial Bank to the Swiss Bank, for the purpose of purchasing 16 million doses of the Corona virus vaccine.  Ardakanian expected that, by the end of this week, the relevant legal procedures will be completed and the vaccines delivered to the Ministry of Health, Treatment and Health Education in Iran. Source: Erna

Number of observations 71   Date of addendum 05/30/2021

[yota691]

Iraqi Electricity: An agreement to schedule debts and fully re-launch Iranian gas soon

Electricity distribution towers - archive

 June 04, 2021 04:07 PM

 

Mubasher:  The Iraqi Ministry of Electricity announced, today, Friday, an agreement on debt scheduling and the imminent return of all Iranian gas releases.

"There are debts and dues payable to the Iranian side," Ahmed Moussa, a spokesman for the ministry, said in an exclusive statement to the Iraqi News Agency (INA).

Moussa pointed out, "It was agreed during the meeting of the Ministers of Electricity and Finance and the Director General of the Commercial Bank of Iraq (TPI) to reschedule the debts in order to resume Iranian gas releases in the coming days."

He pointed out that "in the event that Iranian gas is resumed, its production will reach about 22,000 megawatts of electricity, indicating that" the increase in production will be reflected in an increase in the number of hours of providing citizens with electricity."

Moussa added that "gas releases from the Iranian side are still declining by 20 million cubic meters out of the 70 million cubic meters needed by the Ministry of Electricity in the summer."

[yota691]

Electricity: advanced rates in maintenance and rehabilitation work

Tuesday 08 June 2021 106

 

 Baghdad: Tariq Al-Araji

 

The Ministry of Electricity announced that the Iranian side will soon release additional quantities of gas to fit and fill part of the ministry’s need to operate a number of electrical stations that depend on it. Preparation in the coming days is better than now.

A spokesman for the Ministry of Electricity, Ahmed Al-Abadi, told "Al-Sabah": "The past few days have witnessed in-depth discussions between officials in the ministry and the Iranian side to reschedule the debts and the latter's re-pumping of gas towards Iraq according to the quantities that it had in the past, which amount to 70 million standard cubic meters per day. In order to be able to introduce an additional capacity of up to 4,000 megawatts into the system, which contributes to increasing the processing hours for citizens, especially since the current production volume is approximately 18,000 megawatts.”

[gregp]

On 5/29/2021 at 7:02 AM, yota691 said:

 

Iran announces the purchase of 16 million doses of the Corona vaccine through its funds in Iraq

 

•  

 2021-05-29 07:52

 

Shafaq News / The Iranian Minister of Energy, Reza Ardakanian, announced, on Saturday, that it had obtained the necessary licenses to provide 125 million dollars from Iran's assets in Iraq to buy 16 million doses of an anti-Corona virus vaccine.

The ministry's website quoted Ardakanian as saying: Approval was obtained to transfer $ 125 million from Iran's funds deposited in the Iraqi Commercial Bank to a Swiss bank to purchase 16 million doses of the vaccines basket of the WHO’s Covacs program.

He noted that it is expected that the administrative procedures for this purpose will end until the end of this week and that the vaccines will reach the Iranian Ministry of Health soon.

It is noteworthy that Iran's assets deposited in Iraq constitute the majority of gas and electricity export receivables.

There were no available missiles to purchase at the time, 

so they opted to purchase shots instead. 

[yota691]

Iran imports foodstuffs with its frozen funds in Iraq

•  Time: 06/09/2021 00:20:37
•  
•  Reading: 5,850 times

  

{Economic: Al Furat News} A member of the Presidium of the Iranian-Iraqi Joint Chamber of Commerce confirmed the supply of food shipments through coverage of Iran's frozen assets in Iraq.

 

Hamid Hosseini said in a statement to Fars News Agency on Tuesday that "after a visit by the Iraqi Minister of Economy to Tehran, the Iranian Minister of Energy confirmed that some of the food shipments supplied to Iran were covered by Iranian dues on Iraq."

He pointed out, "The minister also mentioned that it was agreed at the meeting to buy 16 million doses of the Corona vaccine through the Kovacs mechanism (to the World Health Organization) through Iran's dues to the neighboring country."

Hosseini pointed out that "the spokesman for the Iraqi Ministry of Electricity, in turn, confirmed Baghdad's determination to pay the dues to Iran, and it has a timetable for payment."

And he indicated, "The dues owed by Iraq from supplying Iranian electricity have been paid, as the Mbna Industrial Group has projects in Iraq and it seems that the Ministry of Energy obtained its debts in the Iraqi dinar currency, but the National Gas Company insists on returning the foreign exchange that comes from Exporting to Iraq, as it is benefited from by purchasing and supplying goods to Iran.

Ammar Al Masoudi

[yota691]

 

Disclosure of problems impeding the payment of financial dues to Iran

 

•  

 2021-07-07 08:56

 

 

Shafaq News/ The Parliamentary Oil and Energy Committee revealed, on Wednesday, problems impeding the transfer of five billion dollars to the Iranian side, while indicating that it hopes to increase Iranian gas emissions to 50 cubic feet per day (one million standard cubic feet).

 

Committee member Sadeq Al-Sulaiti told Shafaq News Agency, "Iraq receives more than 40 maltifiers of Iranian gas releases to Iraq to operate and generate electric power production plants, and we hope to increase the releases to 50 malformers to operate other stations in the coming period."

 

And he indicated that "Iraq owes the Iranian side more than five billion dollars for gas dues and the purchase of electric power in the governorates of Basra, Maysan and Diyala," noting that "the required amount will be transferred in the form of payments through TBI Bank."

 

Al-Sulaiti added, "There are problems regarding the payment and transfer of the required amount from the bank to the Iranian side due to the US sanctions imposed on Tehran."