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Oil: The agreement with Iran will ensure the smooth flow of gas and end the stumbling block due to US sanctions

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ikea


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Oil: The agreement with Iran will ensure the smooth flow of gas and end the stumbling block due to US sanctions

Economy     Yesterday, 21:38
Baghdad - conscious

Today, Tuesday, the Ministry of Oil confirmed that the agreement with Iran will ensure the smooth flow of the supplied gas and end the previous stumbling block due to US sanctions, noting that

its implementation will take place according to an agreed mechanism according to the pricing of global markets, pointing out at the same time that

Minister Hayan Abdul Ghani made contacts to accelerate Implementation of the prime minister's directives for the agreement.

"The agreement with Iran to barter Iranian gas for Iraqi black oil represents one of the most important solutions that the government and the Council of Ministers resorted to to pay dues for the supplied gas," the ministry's spokesman, Assem Jihad, told the Iraqi News Agency (INA).  He added,

"The agreement will ensure the smooth flow of the supplied gas and end the previous stumbling block due to the US sanctions imposed on Iran, according to which

it was agreed on the supply and pricing mechanism approved in the oil markets, and

the ministry expressed its willingness to implement the Prime Minister's directives to ensure the smooth continuation of gas flows."  He continued,

"This step is very important, and the Deputy Prime Minister and Minister of Oil, Hayan Abdul-Ghani, held an immediate meeting and contacts with the concerned agents and managers, and directed to expedite the implementation of the directives of the Prime Minister and the Council of Ministers that were issued today."


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ikea


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Al-Sudani's office: Signing an agreement between Iraq and Iran to barter imported gas for crude oil

   Tammuz 11 21:33
Information / Baghdad...

The media office of the Prime Minister announced, on Tuesday, the signing of an agreement between Iraq and Iran to barter imported gas for Iraqi crude oil.

In a statement received by the information office, the media office stated that, "Today, Tuesday, an agreement was signed in Baghdad between the Republic of Iraq and the Islamic Republic of Iran, according to which the imported Iranian gas that operates electric power production stations will be exchanged for Iraqi crude oil and black oil."  He added,

"The agreement was signed on the Iraqi side by the Director of the Office of the Prime Minister, Ihsan Yassin Al-Awadi, while it was signed on the Iranian side by the Ambassador of the Islamic Republic of Iran in Baghdad, Muhammad Kazem Al Sadiq, and the agreement was reached after negotiations that lasted for several days, in which delegations participated." Technical committees from both sides.  He continued,

"This agreement comes within the framework of the government's effort to address the

crisis of supplying gas that powers power stations, and
avoid financing problems and the
complications of US sanctions that prevented the continuity of payment of import requirements.

The agreement will contribute to providing more flexibility to the process of supplying gas, operating stations, and stabilizing electric power production."
 ended 25 n

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