The Iraqi electricity minister has described gas imports from neighboring Iran as suitable and inexpensive, saying his country will need Iranian gas for years. Speaking on Monday, Adel Karim acknowledged that the cost of connecting Iraqs electricity grid to those of the Persian Gulf Arab countries is very high. He also referred to three agreements ...

Tasnim Iraqs oil minister, Ihsan Abdul-Jabbar, said his country has plans underway to produce its own gas to meet domestic needs, but imports from Iran will continue for the next five years. Abdul-Jabbar was quoted Tuesday as saying that at least 80 percent of the gas projects in Iraq are already under implementation. But a halt to imports from ...

Financial Tribune - An estimated 20 million cubic meters of gas is exported to the Arab neighbor every day (worth at least $200 million per month). Nonetheless, Iraq does not settle the debts that have been piling up Oil Minister Bijan Namdar Zanganeh says Iraq does not pay for Iranian natural gas imports. They (Iraqis) do not pay us (Oil Ministry) ...

AFP - The bank through which Iraq pays for Iranian gas imports to power its grids said Tuesday it would stop processing payments if a crucial US sanctions exemption expires next month. "We'll stop. As simple as that," the head of Trade Bank of Iraq (TBI) Faisal al-Haimus told AFP. That could be devastating for Iraq's crippled electricity sector, ...

Bloomberg - Iraqs production of electricity, excluding Kurdistan, has dropped by 27% within the past three months because of reduced shipments of natural gas from Iran, Ahmed Moussa, a spokesman for Iraqs electricity ministry, said Friday in an interview in Baghdad. Experiencing high local demand itself, the neighboring country slimmed down pipeline ...

S&P Global - The US has granted Iraq another 120-day waiver that will allow it to continue to import Iranian electricity and natural gas despite US sanctions, a State Department spokesman said Wednesday. "The waiver ensures that Iraq is able to meet its short-term energy needs while it takes steps to reduce its dependence on Iranian energy imports,...

Reuters - Iraq has contingency plans for any stoppage of Iranian gas imports for its power grid but hopes no such disruption will take place, Oil Minister Thamer Ghadhban said on Thursday. He also said a meeting of OPECs ministerial monitoring committee in Saudi Arabia this weekend would assess member states commitment to a deal reducing oil production ...

Tasnim An Iranian official said the exports of natural gas to Iraq are growing steadily and are expected to hit 40 million cubic meters a day in summer. Managing director of the Iranian Gas Engineering and Development Company (IGEDC) Hassan Montazer Torbati told Tasnim that Irans gas exports to Iraq are constantly increasing and nearing a ceiling ...

Press TV - Iran is about to raise gas exports to neighboring Iraq to 35 million cubic meters a day this year, head of the National Iranian Gas Company (NIGC) Hassan Montazer Torbati said on Wednesday. Last year we exported gas to Turkey, Baghdad and Basra with an average of over 40 million cubic meters a day, and this year, gas exports to Iraq will ...

The National - Iraq's electricity minister said on Monday that the country will be "deprived of power" if the US decides to end its sanction waivers that has allowed Baghdad to purchase Iranian energy such as gas and electricity. The US has granted eight countries, including Iraq, a six-month exemption allowing them buy Iranian hydrocarbon products ...

SHANA -- Iranian President Hassan Rouhani voiced Irans readiness to export natural gas to neighboring Iraq. Addressing a joint trade conference by Iran and Iraq in Baghdad on Monday evening, the Iranian president said Iran was ready to develop relations in various sectors, including energy, electricity and gas supplies to Iraq, and link Iran's railroad ...

FNA - CEO of the Iranian Gas Engineering and Development Company (IGEDC) Hassan Montazer Torbati announced that the country is due to collect payment for its gas supplies to Iraq in euro. "The revenues of these (gas) exports are based on euro as stated in the contract (with Iraq)," Montazer Torbati said on Saturday. He added that the Central ...

Reuters - Gas exports from Iran to Iraq were halted late on Tuesday for several days, as Iranian authorities work to repair damages caused to the pipeline during a recent earthquake. The cuts deprive Iraqs power grid of 2,500 megawatts (MW), Iraqs electricity ministry said in a statement, as Iraq relies heavily on Iranian gas to feed its power stations....

Press TV - Irans Deputy Minister of Petroleum Amir Hossein Zamaninia says Iraq has to pay in euros for the gas imported from Iran, dismissing the use of the Iraqi dinar for the payment. The National Iranian Gas Company does not agree that the payment for exports of gas to Iraq should be made in dinars because it should be made in euros, according ...

Reuters - Iraq has agreed with Iran to exchange Iraqi food items for Iranian gas and energy supplies, two Iraqi government officials said on Wednesday. Baghdad is now seeking U.S. approval to allow it to import Iranian gas which is used in its power stations, and needs more time to find an alternative source, they said. The sources are a senior ...

Reuters - Iraq can continue to import natural gas and energy supplies from Iran for a period of 45 days, the United States has said, several days after reimposing sanctions on Tehrans oil sector. The United States has given Iraq a temporary relief from the sanctions for 45 days to continue purchasing natural gas and electricity from Iran, the U....

SHANA -- An Iranian gas official said the country was ready to start supplying natural gas to the housing, commercial and industrial sectors of neighboring Iraq. Speaking to Shana, Behzad Babazadeh, director of international affairs of the National Iranian Gas Company (NIGC), said the company had held a meeting with Iraq's power ministry in a bid ...

IRNA Iran will export its liquefied natural gas (LNG) to Iraq's Basra as of the next Iranian calendar year to start on March 21, Iranian minister of petroleum announced on Wednesday. Iran has already started exporting gas to the Iraqi capital, Petroleum Ministry quoted Bijan Zangeneh as saying. Zangeneh further talked of the gas projects in ...

SHANA National Iranian Gas Company (NIGC) says the Iraqi city of Basra will be ready to import natural gas cargoes from Iran before the end of the current Iranian calendar year to March 20 2018. Hamidreza Araghi, managing director of NIGC, said Iran is prepared to start gas flow to Basra which has announced it would be ready to receive the gas ...

Press TV - Iran says it is looking into a demand by Iraq to increase the exports of natural gas to the country. The announcement was made by Hamid-Reza Araqi, the managing director of the National Iranian Gas Company (NIGC). Araqi, however, did not specify any further details including the new figure demanded by the Iraqis. Nevertheless,...