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DELTA: US agency: Baghdad Tehran to negotiate the purchase of natural gas in Iraqi dinars
Translated by Hamid Ahmed
While the administration of President Donald Trump announced on Monday that a number of countries would be exempted from sanctions on Iran, the Iraqi Electricity Ministry is preparing to increase its natural gas imports from its neighbor to meet the growing summer demand for electricity.
Iraq does not import "crude oil" from Iran, but it imports natural gas to operate power plants, but it could be an obstacle to an additional exemption from sanctions on Iran for gas imports after the June deadline expires.
This will depend on two cases, whether Washington realizes the severe problems that could be caused by power outages in Iraq because of the disruption of gas imported from Iran to operate the power plants, and see Baghdad is taking steps to reduce its dependence on Iran.
"For us in Iraq, we have no second choice at the moment," Musab al-Mudar, a spokesman for the Ministry of Electricity, told reporters on the sidelines of the energy conference in Baghdad.
"The demand for electricity in Iraq during the summer season is 24,000 megawatts Even if accompanied by government plans to close factories run by the state and other attempts to reduce the bottleneck in the rate of consumption, noting that the demand for electricity is increasing by 7% per year.
Protests over power shortages and the absence of other basic services often erupt in the summer. In the past, electricity ministers were exempted in response to the protests. In 2018 protesters gathered in front of government buildings and oil fields. So it is very likely that the situation will be worse this time in a country like Iraq that is still politically fragile if Iran's gas supplies to Iraq are cut off.
"We currently import from Iran about 28 million cubic meters of gas per day, which is sufficient to generate 2,800 megawatts. In addition, we will import another 1500 megawatts across the border through the power transmission lines, so it will be combined with more than 4,000 megawatts of gas and electric power," the teacher said. imported. "
He added that the teacher will increase gas imports temporarily during the summer to reach 35 million cubic meters per day which will add another 700 MW of electricity generated through Iranian support in this area.
However, Iraq is moving ahead with strategies to calm Washington.
He is negotiating a plan with Iran that would lead to payment of Iraqi dinar instead of the dollar, while guaranteeing the disbursement of money through an Iraqi bank inside Iraq.
These are technically important measures to avoid violating US sanctions against Iran.
On the other hand, Iraq is seeking an alternative source to import energy. Last week, through a series of leading and economic meetings in Riyadh, Iraq and Saudi Arabia signed a memorandum of understanding to build potential power transmission lines during which electricity will be imported from Saudi Arabia.
The teacher said that the memorandum of understanding is a prelude to the preparation of a feasibility study to establish transmission lines linking the Iraqi electricity system with the Saudi system. He added that the time to prepare the study will not be long, as it will be completed in a month or a month and a half, but linking transmission lines between the two countries may take ten months to a year, which will be able to transfer more than 1000 MW of electricity to Iraq.
The only other option is for Iraq to become self-sufficient to produce gas to develop enough electricity for longer.
"We must have a self - sufficient amount ofproduct gas for use in power plants sector, within four years when we complete the development of invading our fields."
About: US agency Platts
IRAQ , URGENT
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Don961: Trump's management ends Iranian oil import exemptions
- 15 Hours Ago
In contrast to many of the bets that expected the administration of President Donald Trump to extend the period of exemptions granted to some countries that import oil from Iran, Washington announced that it would not extend those exemptions that expire on May 2, while Saudi Arabia announced its readiness Ensuring "oil market equilibrium" following the resolution.
US Secretary of State Mike Pompeo said in a press conference yesterday that President Trump has decided to stop giving any extension to the countries that granted these exemptions because market conditions allow.
"The president, when he withdrew from the nuclear agreement with Iran, announced that he would exert the maximum pressure on this rogue regime to make it a natural regime. As oil is his main lifeline, sanctions will also target him," he said.
Pompeo said the Iranian regime has continued to use the money it receives from the sale of oil to produce its ballistic missiles and intervene in the affairs of states not only in the region but also in other regions as Venezuela, and supports the militias fighting in Yemen.
Pompeo noted that the exemptions granted to a number of countries will stop and "each country should stop this import because it does not deserve the risk and expose itself to sanctions," he says.
The administration gave exemptions to Iranian oil importers including India, China, Taiwan, South Korea, Turkey, Japan, Greece and Italy in November.
Pompeo added that the United States will compensate Saudi Arabia and the UAE for the shortage in the market. Both countries have indicated their willingness to do so and are in contact with the countries concerned to assure them of the shortfall.
Saudi Energy Minister Khaled Al-Falih said that his country is closely following the developments in oil markets following the recent statement issued by the US government on the sanctions imposed on Iranian oil exports, stressing that Saudi Arabia is continuing its well-established policy, which seeks to achieve Stability in markets at all times, and not out of equilibrium.
Al-Faleh explained that Saudi Arabia is in coordination with other oil producers in order to ensure that sufficient supplies of oil are available to consumers and to ensure that the world oil markets do not break out of equilibrium.
Over the next few weeks, Saudi Arabia will consult closely with other oil-producing countries and major oil-consuming countries to keep the markets stable and stable, in the interests of producers and consumers alike, as well as the stability and growth of the global economy.
"By announcing the end of the exemptions, the United States is serious in exerting pressure on Iran," Pompeo said. "The revision of these policies depends on the policies that the Iranian regime will follow and its political and regional behavior."
He stressed that the regime should sit down to the negotiating table.
Pompeo stressed that what the United States is doing also reflects the desire of the Iranian people, which demands that its regime stop its policies and pay attention to its interests.
He noted that "Washington warned Tehran that any attack on us would be met with a strong response." He said he had no comment on the Revolutionary Guards' , And that «discrimination in the presence of different currents within the system is not important, because the symbols, starting with President Rohani and Minister Zarif and others, do not differentiate and do not differ in the policies followed by Qassem Soleimani».
The actions taken by President Trump's administration against Iran, which has other roles, policies and interventions in Venezuela, also have the support of Europeans who share these concerns after seeing the Iranian threat through attempts by the regime to carry out attacks against its opponents in many countries, Pompeo said.
"Washington watched how Iran's strength diminished as a result of its campaign, and Hezbollah is unable to pay the salaries of its members," Pompeo said.
For his part, US special envoy to Iran Brian Hawk said that Washington believes that the sanctions on Iran make the Middle East safer, stressing that the US actions seek to turn Iran into a normal state, stressing that Washington is taking strong steps until Iran stops its "expansionist operations .
The White House issued a statement on cooperation between the United States, Saudi Arabia and the United Arab Emirates on energy policies and Iran. President Trump has decided not to reissue the exemptions when they expire in early May, the statement said.
The statement said the resolution aims to reduce Iranian oil exports to zero and deprive the regime of its main source of income.
"The United States, Saudi Arabia and the United Arab Emirates, three of the world's largest energy producers, together with our friends and allies, are committed to ensuring that global oil markets continue to be adequately supplied," he stressed.
The White House statement said action was taken in time to ensure that global demand met with the removal of all Iranian oil from the market.
The statement stressed that the Trump administration is determined with its allies to continue and expand the maximum economic pressure campaign against Iran to end the destabilizing activity that threatens the United States, our partners and allies, and security in the Middle East.
The statement added that the new resolution is a continuation of the decision to classify the Iranian Revolutionary Guards as a terrorist organization, indicating the US commitment to disrupt the Iranian terrorist network and change the behavior of the malicious regime.
Several circles considered the new resolution to be contrary to what some countries had suggested that exemptions could be extended, particularly from Turkey, which has repeatedly expressed the opinion of a number of senior officials that it expects to be extended.
While reactions are expected to be made to Washington's decision, especially from China, which imports Iranian oil, it is not known yet the implications of the suspension of extension of exemptions and its reflection on the ongoing trade talks between the parties.
Meanwhile, Israeli Prime Minister Benjamin Netanyahu praised US President Donald Trump's decision yesterday and said the resolution was "of great importance" to intensify pressure on Tehran.
"The decision of President Trump and the administration of the United States is of great importance to intensify the pressure on the Iranian terrorist regime," Netanyahu said in a statement. "We support the United States' determination against the Iranian aggression, and this is the right way to stop it."
In his televised address yesterday, Hassan Nasrallah, Secretary General of Hezbollah, rejected US sanctions against Tehran. "The peoples of the world and the countries of the world are called upon to reject American policies on Iran and others," according to the German Press Agency.
Beijing, meanwhile, criticized the US move and said it consistently opposes US unilateral sanctions against Iran, saying bilateral cooperation is "reasonable and legal," noting that Beijing "will protect the legitimate rights of its companies."
Turkish Foreign Minister Mouloud Gawishoglu said yesterday that "the proposal to buy oil from any country other than Iran is beyond the borders."
"Turkey opposes such steps and dictates," Oglu told a joint press conference with his Tajik counterpart Serageldin Mehruddin in Ankara.
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