News ID: 320789
Published: 1213 GMT April 05, 2022

Iraq will need ‘suitable’ Iranian gas for years: Iraqi minister

Iraq will need ‘suitable’ Iranian gas for years: Iraqi minister

The Iraqi electricity minister has described gas imports from neighboring Iran as suitable and inexpensive, saying his country “will need Iranian gas for years.”

Adel Karim acknowledged that the cost of connecting Iraqs electricity grid to those of the Persian Gulf Arab countries is very high, Press TV reported.

He also referred to three agreements with Qatar, Turkey, and Saudi Arabia, saying, however, that Iraq has not yet reached a consensus with the trio, especially the Arab countries, on energy prices.

We do not agree with their price,” he said, referring to the Persian Gulf Arab states. The Iranian gas is suitable for Iraq and its price is acceptable. We will need Iranian gas for years.”

Meanwhile, Iraqs Electricity Ministry spokesman Ahmad al-Abadi told Lebanons al-Ahed news website that the countrys electricity supply has improved in recent months due to the mild weather and the injection of Iranian gas into Iraqi power plants, which has increased from eight million cubic meters per day to 25 million cubic meters.

Back in February, the Iranian and Iraqi oil ministers discussed cooperation in the field of energy, including ways to enhance gas exports to Iraq and the repayment of Baghdads debt to Tehran.

Iraq is currently heavily dependent on Irans energy for its power plants.

It needs more than 35,000 megawatts of electricity a year to meet its domestic needs, but years of war following the 2003 US invasion have left its power infrastructure in tatters.

The US, which is unhappy with the close relationship and trade between Baghdad and Tehran, has put pressure on Iraq to make itself less dependent on Irans gas and electricity. It has also been enlisting its companies and allies to replace Iran as Iraqs source of energy.

However, Iraqi officials have said there is no easy substitute for imports from Iran because it would take years to adequately build up Iraqs energy infrastructure.

Iran has kept exporting energy to Iraq despite illegal US sanctions, but it has faced numerous problems with the repatriation of its money from those sales.

The exact amount of the Iraqi debt is not known. In the past, Iranian officials have said between $6 billion and $7 billion of Iranian funds are held in the Arab country.

 

   
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