By John Lee. Iran's Minister of Energy has said that a euro account is to be opened in Baghdad so that Iraq can pay its debts to Iran for electricity and natural gas purchases. IRNA reports that Reza Ardakanian added that the same account can be used for Iraq's debts to Iranian private sector companies. […]
Tag Archives | electricity imports
Iraq begins Importing Electricity from Turkey
By John Lee. Turkey has reportedly begun to export electricity to Iraq. According to Anadolu Agency, Turkey's Energy Market Regulatory Authority (EMRA, EPDK) started supplying Iraq on Monday at a rate of 150 MW, through the Silopi-Zakho transmission line. The deal is due to run until 1st November, 2021. (Source: Anadolu Agency)
Iraq, Jordan to Connect Electrical Networks
By John Lee. On Sunday, Iraq and Jordan reportedly signed a contract to connect their electricity networks and sell electrical energy between the two countries. According to INA, the deal will see Jordan providing Iraq with 1000 gigawatt hours per year as a first stage. The 300-km line will connect the new Risha substation, currently […]
US Praises Deal to Import Electricity from GCC
The text of the following statement was released by the Governments of the United States of America, the Republic of Iraq and the Gulf Cooperation Council (GCC): The Government of Iraq, Gulf Cooperation Council, and United States have renewed their full support for the Gulf Cooperation Council Interconnection Authority (GCCIA) project to connect the electricity […]
Tags: electricity imports, Electricity In Iraq, featured, GCC, Gulf Cooperation Council, Gulf Cooperation Council Interconnection Authority (GCCIA), Kuwait International Conference of Iraq Reconstruction and Development, mn, United States
Iraq Signs 2-Year Electricity Import Deal with Iran
Iran signed an agreement on exports of electricity to neighboring Iraq, covering 2020 and 2021. The two sides signed the agreement during a visit to Baghdad by Iran's Minister of Energy Reza Ardakanian, stressing their determination to broaden cooperation in the energy sector, despite American pressure on the Iraqi government to reduce economic ties with […]
Iranian Minister in Iraq for Talks on Energy Cooperation
Iran's Minister of Energy Reza Ardekanian has paid a visit to Iraq for talks on energy cooperation. During his trip to Baghdad, Ardekanian will hold talks with his new Iraqi counterpart and the other senior officials of the Arab country to weigh plans for the promotion of cooperation in the electricity industry. The Iranian and […]
US Welcomes New Iraq Govt; Extends Iran Sanctions Waiver
By John Lee. US Secretary of State Mike Pompeo (pictured) has welcomed the formation of a new government in Iraq following months of instability. In a phone call with the new Prime Minister, Mustafa Kadhemi, he said that the US would not enforce sanctions on Iraq buying electricity from Iran for 120 days "as a […]
Tags: electricity imports, Electricity In Iraq, featured, Iran, Mike Pompeo, mn, sanctions, United States
US Renews Waiver for Iraq to Import Electricity from Iran
By John Lee. Washington has renewed a waiver for Iraq to continue importing Iranian electricity, a US State Department official said. "The Secretary granted this brief extension of the waiver to allow time for the formation of a credible government," the official said, referring to US Secretary of State Mike Pompeo, and added that the […]
Iraq may Stop Iran Gas Transfers if US Waiver Ends
By John Lee. The head of Trade Bank of Iraq (TBI) has reportedly said that the bank would stop processing payments for Iranian gas imports if a US sanctions exemption expires next month. Faisal al-Haimus told AFP: "As a bank, the most important thing we have is that we are compliant (with international regulations). That's […]
Tags: electricity imports, Electricity In Iraq, featured, gas imports, Iran, mn, sanctions, Trade Bank of Iraq (TBI), United States
Iraq signs Electricity deal with GCC
By John Lee. Iraq has reportedly signed a deal with the Gulf Cooperation Council Interconnection Authority (GCCIA) to import electricity at a rate of 500 megawatts of electricity from Sunni Arab gulf countries before next summer, Iraqi Ministry of Electricity spokesperson a told state newspaper on Thurday. According to Rudaw, the GCCIA will fund the […]
Tags: electricity imports, Electricity In Iraq, featured, Gulf Cooperation Council, Gulf Cooperation Council Interconnection Authority (GCCIA), Kuwait, mn
National Grids of Iran, Iraq "Synchronized"
Iran connected its national grid to Iraq on Friday in a bid to help the Arab country reduce its power outages. The power grids of Iran and Iraq were synchronized in a ceremony held on Friday with Iranian Energy Minister Reza Ardakanian and the Iraqi deputy minister of electricity. Earlier this year, the two countries […]
Iran Electricity Export to Iraq Hits Record
Iranian Energy Minister Reza Ardakanian (pictured) has said the export of electricity to neighboring countries has reached a record high in the past year. Addressing a Sunday session of Tehran’s City Council, Ardakanian said management of the situation over the past two water years has helped the country break the record in three sectors of […]