2023-08-02 16:52:21
August 2, 2023
Baghdad / Obelisk Al-Hadath: The head of the Association of Petroleum Products Exporters in Iran, Hamid Hosseini, announced that Iraq will send us about 30,000 barrels of crude oil and 70,000 barrels of diesel in exchange for gas exports, starting next August.
Hosseini said that his country exported 18 billion cubic meters of gas last year, most of which went to Turkey and Iraq, adding that Iran exported $4.5 billion of electricity and gas to Iraq during the past year alone.
Regarding the incompleteness of the prisoner exchange deal with Europe, the head of the Association of Petroleum Products Exporters in Iran explained that it was agreed at some point to release European prisoners in exchange for the release of 2 billion and 700 million dollars from Iran’s frozen resources in Iraq, but the agreement was not completed. Rather, only a part of the gas dues in Turkmenistan was met and part of it was paid to the pilgrims.
Hosseini stressed that this issue prompted Iran to cut off electricity and gas exports to Iraq, which led to the imposition of a kind of pressure on America by the Iraqi government, the media and political parties, considering that the electricity situation in Iraq has become critical due to the decrease in Iran’s gas exports by about 5,000 pounds. megawatts, so that the atmosphere has become unbearable with the extreme rise in temperatures.
He pointed out that after these pressures, America allowed the Iraqi electricity debts to be deposited to Iran in non-Iraqi banks for a period of 120 days, in an attempt to solve part of the problem, noting that if Iraq could start bartering in August and American interventions could not hinder its implementation, it will continue in the future. So that we can fully meet the dues amounting to 20 million dollars per day, and receive other goods in exchange for previous debts.
And the Iranian Minister of Economy and Financial Affairs, Syed Ihsan Khandozi, announced earlier that Iraqi officials pledged to the Central Bank of Iran to release its money withheld in the Iraqi bank.
The IRNA news agency quoted Khandozi as talking about the measures taken by the Iraqi government to release frozen Iranian assets inside Iraq.
Khandozi explained that, according to the promises of the Iraqi side, the necessary permit will be obtained in the shortest possible time, allowing the Central Bank of Iran to issue remittances related to the disbursement of these funds for the purchase of basic commodities.
Earlier, the commercial advisor to the Iranian embassy in Iraq said that Baghdad had proposed to Tehran to deal in dinars instead of dollars, in order to relieve pressure from the US treasury on the Iraqi side.
Abd al-Amir Rabihawi explained, in a meeting of the Iranian-Iraqi Joint Chamber, that pressure from the US treasury prevents Iraq from using its official currency to transfer money to Iran, forcing it to use the free market currency, which differs by 10% from the official currency and harms Iranian merchants.
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