Iran-Iraq sign 2-year power export agreement
Iran's Energy Minister announced the signing of a two-year contract for exporting Iranian electricity to Iraq on Wednesday night.
Iran Press/ Middle East: According to Reza Ardakanian, all contracts for Iran's electricity exports to Iraq have already been for one year, but with Wednesday finalizing negotiations, a two-year contract was signed with the Iraqi Ministry of Electricity exporting Iran's power to Iraq during 2020 and 2021.
Ardakanian also noted that with follow-up by Islamic Republic of Iran's representative in Iraq, about $ 400 million, equivalent to half of Iran's electricity demand, was received by Iraqis during the trip.
Iranian Energy Minister Reza Ardakanian traveled to Iraq on Wednesday for strengthening bilateral ties, boosting Tehran-Baghdad ties, and increasing energy cooperation between the two countries.
Iranian Energy Minister had a separate meeting with Iraqi President Barham Salih during his one-day trip.
During a meeting with the new Electricity Minister of Iraq, Majid Mahdi Hantoush, the Iranian Energy Minister announced Iran's electricity industry's readiness of companies and engineers to solve the electricity problem and as well as reducing electricity losses in the electricity distribution network, along with repairing and rebuilding Iraqi electrical infrastructure and equipment.