Iran Press/ Iran News: Iranian Minister of Petroleum Javad Owji posted on his Twitter page on Wednesday, June 15: "Fortunately, with active energy diplomacy and after months of negotiations, hours ago, $1.6 billion in overdue demand for gas exports to Iraq was received.
"Since the beginning of the year, compared to last year, the country's gas export volume has increased by 25 percent and hard currency earnings by 90 percent," Owji added.
Iraqi Ministry of Electricity had announced the start of the process of paying the Iranian gas debt while confirming that Iraq's need amounts to more than 50 million cubics daily.
The Iraqi government started Wednesday to pay the Iranian gas dues, which are late for the year 2020, via internal borrowing from the Trade Bank of Iraq, and the Ministry of Finance deposited the money in the Credit Fund.
"We are still counting on Emergency Support Law for the Repayment of the Loan Amount," according to the statements of the spokesman for the Ministry of Electricity, Ahmed Moussa, to Al-Iraqiya News TV.
He added, "There are meetings with the Iranian Ministry of Energy and the Gas Company to raise the levels of what flows into Iraq in order to strengthen the capabilities of the national system."
"Iraq currently needs between 50-55 million cubics of gas per day, and the Iranian side pledged to raise the quantities with the start of the payment process, and we expect the quantities to increase within two days," he included.
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