Iraq attempts to raise gas shipment from Iran

(MENAFN) The chairman of Iran-Iraq Joint Chamber of Commerce stated that Iraq attempts to rise import of gas coming from Iran.

Yahya Al-e Es'haq made the comments while talking about the financial ties among the two boarding nations as calculated.

Talking about Iran’s increased gas assets in the world, he considered the shipment of gas to Iraq very beneficial for the two nations from the financial viewpoint as well as the short transportation distance.

Earlier in mid-June, Iranian Oil Minister Javad Oji had declared that Iran has received USD1.6 billion from Iraq to resolve part of the debts it has sought from its neighborfor two years for the provision of gas.

"Fortunately, with active energy diplomacy and after months of negotiations, USD1.6 billion in arrears for gas exports to Iraq was received”, the minister declared in a post published on Twitter at the time.

Given Iraq's necessity for natural gas for intake in power plants, discussions on importing Iranian gas were launched at the end of 2010 whereas a contract for gas sales to Baghdad was closed in June 9 years ago.


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