Iran, Iraq reach agreements in supplying energy: Iraqi min

Tehran (IP) - Iraq’s electricity minister said that Iran and Iraq had reached agreements in supplying energy, electricity, and gas for Iraq.

Iran PressIran news: Iran’s Energy Minister, Reza Ardekanian, and Majid Mahdi Hantoush attended a press conference after their meeting and elaborated on Iran and Iraq’s cooperation in supplying energy.

"Iran has always supported Iraq in supplying fuel for Iraq’s power plans whenever needed," Hantoush noted.

The Iraqi minister went on to say that Iran and Iraq’s relations are expanding and continuous, adding that negotiations over Iraq’s debt to Iran have taken place.

"Iraq has to import energy since the country’s need is three times more than our capacity. This year we supplied 22000 MV electricity, reaching 28000 MV in special hours," he highlighted.

"Due to climatic conditions in Iraq, Iraqis use electricity six times more than Iranian," Hantoush referred.

"Negotiations and bilateral meetings between Iraq and Iran continue until we discuss all existing problems and finding solutions, especially about Iraq’s debts to Iran," he concluded.

Iran’s energy minister also speaking in this joint press conference said that Iran helps Iraq reduce its electricity waste from 50% to 20%, meaning that 30% will be added to Iraq’s energy source.

Reza Ardekanian said that the two countries had reached a framework to continue cooperation.

"Although Iran has a 50% decrease in the rain this year, it has been fully planned to supply water, electricity, and import to neighboring countries," Ardakanian added.

"After the Islamic revolution, Iran’s energy capacity has increased from 7000 MV to 85000 MV. In comparison, our maximum contract with Iraq is 1300 MV, and the final price must be paid in Euro to Tavanir Company," highlighted the minister.

Reza Ardakanian states that Iran-Iraq Common Economic Commission has resumed its activity since last Iranian year (starting on March 21) and had expanded its relations with Oil and Energy ministries.

Referring to the coronavirus pandemic, Iran’s energy minister noted that negotiations took place with Iraq’s Trade Bank to supply needed currency to import coronavirus vaccine, adding that it is expected that the first payment will be made these days.


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