Electricity begins investing in gas fields and sets two types of commitments to Iran
Monday, 20 June 2022 11:21 AM
National News Center/Baghdad
Today, Monday, the Ministry of Electricity identified two types of financial commitments towards Iran, and
while the Oil Ministry announced that the Ministry of Oil had actually invested in Iraqi gas fields, it confirmed that this would reduce dependence on importing Iranian gas.
And the technical advisor to the Minister of Electricity, Abdul-Wahhab Kazem, said, in a statement followed by the National News Center, that
“Iraq’s financial obligations towards Iran are of two types, the
first is financial dues in exchange for the supplied gas, as a formula was reached with the Trade Bank of Iraq TBI to record normal dues, and the
second is other dues. For contractors and companies supplying electrical power equipment.
Kazem added, "The issue of gas falls under the jurisdiction of the Ministry of Oil, and
the latter is currently determined and has actually started investing in the very important gas fields in the Okaz and Mansouriya fields."
He stressed, "The investment of Iraqi gas fields will provide very large quantities of gas and reduce dependence on Iranian gas."