Energy
0

Iraq Buying Iran Gas, But Not Paying

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
Iraq Buying Iran Gas, But Not PayingIraq Buying Iran Gas, But Not Paying

Oil Minister Bijan Namdar Zanganeh says Iraq does not pay for Iranian natural gas imports.
“They (Iraqis) do not pay us (Oil Ministry) any money for the gas they import,” Zanganeh was quoted as saying by ILNA Sunday.
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. 
“Iraqis put the blame on Iran’s sanctions and banking restrictions imposed by the US (started in 2018) that has almost made it impossible to transfer money through normal financial channels,” Zanganeh had said earlier.
Referring to upsurge in domestic gas consumption (due to the cold weather) that has surpassed 600 mcm/d, Zanganeh said gas flow to Turkey (30 mcm/d) has not been disrupted.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com