+44(0) 800 772 3004
marketing@ziyen.com

Iraq is Set to Receive Iranian Gas Imports for Summer

Iran will supply Iraq with 50 million m3/d of gas during the summer months as Baghdad begins repayment of debts in June.

Iraq will receive 50 million cubic meters of gas per day from Iran during the summer months, and will continue to rely on the country for the next 5-10 years until other options are found, as per a statement on May 11 by Iraq's electrical minister Adel Karim.

Karim revealed the terms of the contract on state television, also mentioning that the 5-10 years could be decreased based on finding alternatives. 

On April 29, Iraq stated that it had secured an agreement with Iran to resume gas exports, with Baghdad repaying debts to Tehran in installments.

Currently, Iran supplies Iraq with 35 to 38 million m3/d of gas while Iraq will start repaying $1.69 billion owed gas dues in June.

Persistent power outages in Iraq have caused unrest, especially in the summer months when temperatures exceed 50°C. Prime Minister Mustafa al-Kadhimi's administration has been taking steps to prepare for the situation.

A connection to the Turkish national grid to deliver electricity to Mosul, and a link to Kuwait and Saudi Arabia to help power the south are among the options being considered.

Iraq has also negotiated an arrangement with Qatar to supply gas during the winter months, although this is uncertain.

Categories

Read more news like this