By John Lee. The US has granted Iraq another 120-day waiver from its sanctions on Iran. According to S&P Global, a State Department spokesman said 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. (Source: S&P Global)
Tag Archives | sanctions
Sanctioned Russian Firm may Develop Iraq’s Block 17
By John Lee. Russia’s Stroytransgaz has signed a preliminary contract for the exploration, development and production of Block 17, in Anbar province. At a signing ceremony in Wednesday, Deputy Prime Minister for Energy Affairs and Oil Minister Thamer Abbas Ghadhban said that preliminary studies and information indicate the existence of oil reserves ranging between 2 […]
Tags: Anbar, Block 17, Crimea, exploration, featured, mn, Office of Foreign Assets Control (OFAC), Russia, sanctions, Stroytransgaz, Ukraine, United States
Video: Iraq depends on Iran Imports, fears Sanctions
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq and Iran are neighbours: Around $25m worth of Iranian goods enter Iraq every day. But a US deadline that allows Iraq to trade with Iran is set to expire in three months, […]
US Sanctions Four Iraqis
By Editor on 19th July 2019 in Iraq Banking & Finance News, Iraq Industry & Trade News, Politics, Security
On Thursday, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two militia figures, Rayan al-Kildani and Waad Qado, and two former Iraqi governors, Nawfal Hammadi al-Sultan and Ahmed al-Jubouri, pursuant to Executive Order (E.O.) 13818, which builds upon and implements the Global Magnitsky Human Rights Accountability Act and targets perpetrators […]
Tags: featured, Global Magnitsky Human Rights Accountability Act, Human rights, Iran, mn, Office of Foreign Assets Control (OFAC), sanctions, United States
Video: Rebuilding Mosul – Iran Sanctions “Threaten Progress”
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Slow progress is being made to rebuild the ruined city of Mosul in northern Iraq. It is two years since the Iraqi army, with a United States-led coalition and Iran-backed Shia militias, drove […]
Basra Protests Build as Sub-standard Services Persist
By Editor on 2nd July 2019 in Construction & Engineering In Iraq, Iraq Public Works News, Politics, Security
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Basra protests build in Iraq as sub-standard services persist In an exclusive interview with Al-Monitor, Iraqi Minister of Electricity Luay al-Khatteeb talked about the situation of Iraq’s electricity sector amid tense […]
Tags: Basra News, electricity imports, Electricity In Iraq, featured, gas imports, Iran, mn, Protests, sanctions, United States
US Grants Iraq Waiver to Buy Iranian Electricity
By John Lee. The Trump administration has reportedly granted Iraq a 120-day waiver from its sanctions against Iran, to allow it to continue importing electricity from the country during the hottest of the summer weather. The decision followed a phone call on Friday between Secretary of State Michael Pompeo (pictured) and Iraqi Prime Minister Adel […]
Doubts over US Waiver for Iraq to buy Iranian Power
By John Lee. Contrary to recent reports that the US had granted a waiver to Iraq to allow it to continue buying power from Iran, a State Department spokeswoman reportedly said on Wednesday that this was not the case. Reuters quotes Morgan Ortagus as telling reporters that Secretary of State Mike Pompeo has not made […]
Iraq gets Reprieve to continue Buying Iranian Gas
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. US grants Iraq reprieve to continue buying Iranian gas The United States has decided to grant Iraq a third 90-day sanctions waiver so it can continue to purchase gas from […]
Iraq “to Stand by Iran in Sanctions Era”
Iraqi Foreign Minister Mohammad al-Hakim said his country would stand by the Iranian nation and government in the era of US sanctions against Tehran. Iraq stands with Iran and is willing to act as an intermediary between its neighbor and the United States, Hakim said on Saturday speaking in a press conference with his Iranian […]
US “Grants Iraq Waiver to Buy Iranian Energy”
Washington has exempted Baghdad from some of its unilateral sanctions against Tehran, allowing Iraq to continue importing energy from Iran, according to the US envoy to Baghdad. Baghdad can now buy energy from Iran, US charge d’affaires Joey Hood told reporters on Wednesday, Iran’s Press TV reported. The waiver will allow Iraq to continue buying […]
Iraq “has Contingency Plans” for Iranian Gas
By John Lee. Oil Minister Thamer Ghadhban (pictured) has reportedly said on Thursday that Iraq has contingency plans in place to cope with any stoppage of Iranian gas imports. His comments come as the US increases sanctions pressure on Iran. According to Reuters, Ghadhban added that he hopes no such disruption will take place. (Source: […]