The United States Thursday granted Iraq a 30-day waiver to keep importing Iranian gas despite American sanctions.
The United States has granted Iraq a 45-day sanctions waiver enabling the country to continue importing vital Iranian gas and electricity supplies.
Supplying natural gas to Europe via a pipeline from Turkey is on the National Iranian Gas Company’s agenda, the CEO said.
After one year of the imposition of oil sanctions, Iran’s economy now enjoys a stable status. Iran expects friend countries to act more actively in buying Iranian oil, Iran’s Vice President Jahangiri said.
AFP is reporting that a dinar-based account in Trade Bank of Iraq is supposed to be used to pay for Iranian energy in return for Tehran’s humanitarian purchases.
According to reports, Washington has given Baghdad a 90-day sanctions waivers to keep buying Iranian gas and electricity to meet summertime peaks of demand.
The Iraqi envoy to Iran says although there are substitutes for Iranian energy, Baghdad maintains committed to imports from Iran and that is lookig for alternative ways of doing so.
The Asian country imported more than 290,000 barrels per day from Iran in March after the country restarted crude purchases from Tehran before the waivers ended on 2 May.
Iran has been dominating the market in Iraq as the Baghdad moves forward to rebuild the Arab country. Commodities and energy top Iraqi annual imports.
A latest report by Iran’s Customs Administration shows how a drop in imports helped increase the country’s trade surplus in a 9-month period (April-December).