Iran has received $1.6 billion for its gas export arrears from Iraq, Iran’s Oil Minister Javad Owji said on Wednesday.
The repayment, which is related to 2020, has been done after months of negotiations, the Oil Ministry’s news agency Shana reported Owji as saying.
“Since the beginning of the year [March 21], the country's gas export volume to neighboring countries has increased by 25% and hard currency earnings by 90% compared to last year,” he added.
Iraq is paying its overdue money to Iran, which were hindered due to the US sanctions on Iran, following several high-level meetings between the two countries in the past months.
June 17, 2022 18:02
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Iraq Settles $1.6 Billion in Gas Arrears Owed to Iran
Iraq is paying its overdue money to Iran, which were hindered due to the US sanctions on Iran, following several high-level meetings between the two countries in the past months
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