June 26, 2022

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Iran receives $1.6b in gas debt from Iraq

TEHRAN- Iranian Oil Minister Javad Oji announced that Iran has received $1.6 billion from Iraq to settle part of the debts it has sought from its neighbor since 2020 for the supply of gas.

“Fortunately, with active energy diplomacy and after months of negotiations, hours ago, $1.6 billion in arrears for gas exports to Iraq was received”, the minister announced in Twitter post on Wednesday.

“Since the beginning of the [present Iranian calendar] year (March 21), compared to last year, the country’s gas export volume has increased by 25 percent and hard currency earnings by 90 percent”, Oji also informed.

Back in early April, Iraq’s Acting Electricity Minister Adel Karim had said his country is in need of gas import from Iran the coming years.

MA/MA

Original News : https://www.tehrantimes.com/news/473707/Iran-receives-1-6b-in-gas-debt-from-Iraq

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