Iran Losing Iraqi Power Market to Rivals

The potential and investment opportunities in Iraq’s power sector notwithstanding, no meaningful measures have been taken to expand Iran’s footprint in the untapped market, deputy head of the Iran Chamber of Commerce, Industries, Mines, and Agriculture's Exports Commission said.
“Iran is about to lose ground in Iraq’s electricity market as Turkish firms are negotiating to sign a $20 billion agreement to develop Iraq’s ageing power infrastructure,” Hamidreza Salehi was quoted as saying by Barq news website.
Iran and Iraq signed a memorandum of understanding in 2018 to boost energy collaboration and renovate the Arab country’s power infrastructure. However, little has happened since and the MoU is apparently shelved, he noted.
“It is regrettable that a country (Iran) that played a key role in improving security of its neighbor and helped it economically is easily overlooked when it comes to major contracts.”