Tag Archives | electricity imports

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 […]

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 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 […]

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 […]

Iraq signs deal to Import Electricity from Gulf States

Iraq has signed a landmark deal with the Gulf Cooperation Council (GCC) for a power line to import 500 megawatts of electricity by 2020, local reports said on Sunday. According to the Iraqi Electricity Ministry, the 300-kilometre line will run from Kuwait to Iraq’s southern port of Faw and be financed by the GCC. Electricity […]

Video: Iraq Oil Industry aims to be Energy Independent

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Years of war and instability have damaged Iraq's gas and oil infrastructure, leaving it dependent on energy imports, despite having huge reserves. Now it wants to turn that around, with help from overseas […]