Iraqi Prime Minister Muhammad Shia al-Sudani announced today, Tuesday, the end of the gas import crisis for power plants after his government agreed to barter in kind to give Iran oil in exchange for gas.
Al-Sudani said: “We have made the decision to agree to barter in kind, providing Iran with fuel oil in exchange for gas … Iranian gas supplies have resumed and volumes will increase, and an agreement was signed in this regard.”
Al-Sudani added, “Mid-term solutions will end the power and gas import crises and Emirati companies have started work on 3 fields and the Chinese are in the process of leadership”, noting that medium-term solutions will get rid of Iraq’s gas imports, and that gas investment contracts will provide 600 million standard cubic meters, according to the world news agency.
The Iraqi prime minister said his country’s energy crisis will end after cutting off imported gas for two to three years, adding that Iraq has fully paid its obligations and put them on the account of Iranian companies, but US sanctions prevent the transfer of fees for imported gas to Iran.
Al-Sudani raised the issue of the electrical connection between his country, Jordan and the Gulf countries and said: “We are in the process of terminating the electrical connection with Jordan and we have signed contracts for the connection with the Persian Gulf. “
Last month, the Gulf Cooperation Council launched a project to connect the electrical grids with Iraq, which includes the construction of a line from the secondary Al-Zour station, passing through the Al-Wafra station of the Gulf Electricity Interconnection Authority in Kuwait, to Al-Faw station in southern Iraq, with a total length of 322 km.
