2024-03-28T19:42:48+00:00
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/ Iranian Deputy Minister of Oil and Gas Affairs, Majeed Jaghni, announced on Thursday that about 52 billion cubic meters of gas worth $15 billion had been exported to Iraq since July 2017 under two gas contracts with Iraq.
Jaghni told the Iranian Mehr Agency, and translated by Agency, on the sidelines of signing the extension of the contract to export Iranian gas to Iraq: “With the completion of the Baghdad and Basra contracts, several rounds of negotiations began with the Iraqi side, and it was agreed to extend the export of Iranian gas to Iraq, and this was accomplished.” And finally finished.
He added: “Since the beginning of the decade in Baghdad (July 2017) and Basra (June 2018), Iran has exported about 52 billion cubic meters of gas worth $15 billion to Iraq.
For his part, the Iraqi Minister of Electricity, Ziyad Ali Fadel, told the Iranian agency: “Under this contract, Iraq will continue to buy gas from Iran for the next 5 years,” adding that “Iraqi power plants urgently need Iranian gas to produce electricity.”
Fadel explained, “The experience of the past years has shown that Iran is a good economic partner for Iraq and has provided it with its needs in the most difficult circumstances.”
According to this report, the contract to export Iranian gas to Baghdad was signed during the visit of the Deputy Minister of Oil for Gas Affairs to Baghdad and at the headquarters of the Iraqi Ministry of Electricity, and was extended for a period of 5 years.
Iraq needs 35,000 megawatts of electricity per day, which, due to the current circumstances that this country is going through, produces only 20,000 megawatts per day, and a third of this electricity is supplied with gas imported from Iran.
Translated by: Agency