Iraq continues talks with US about Turkmen gas supplies

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Iraq continues talks with US about Turkmen gas supplies

The Iraqi Ministry of strength found out on Tuesday that it’s miles in talks with the usa concerning gasoline components from Turkmenistan.

Iraqi officials knowledgeable Reuters in September that the authorities has selected to postpone the gasoline import agreement signed with Turkmenistan because of objections from the us. This agreement allows Iran to get hold of 1 / 4 of the fuel furnished throughout its borders.

The spokesperson for the Iraqi power Ministry, Ahmed Musa, informed Shafaq news that fuel imports from Turkmenistan are being discussed to reassure the united states that the materials are to satisfy neighborhood desires until home gasoline production will become sufficient.

Musa brought that the step does no longer affect the sanctions imposed on Iran, given that the deal is with Turkmenistan.

Iraq signed a memorandum of information in 2023 with Turkmenistan to import the vital fuel for its power plant life, as stated via the Ministry of power. The ministry cited that this initiative will require similarly negotiations regarding the transportation of fuel via Iran.

electricity flora in Iraq rely upon gasoline imports from Iran, which cowl one-1/3 of the usa’s electricity needs.

The gas supply agreement with Turkmenistan objectives to provide Iraq with a median of 20 million cubic meters in keeping with day.

This gasoline may be transported to Iraq via pipelines that connect Turkmenistan and Iran to atone for the decreasing fuel supplies from Tehran.

This method has been hindered through the change financial institution of Iraq’s (TBI) incapability to problem a letter of credit score to allow Iraq to pay for gasoline imports because of US sanctions on Iran.