Dec 10, 2019 08:36 UTC
  •  Iran, Iraq to renew electricity deal next month: Minister

Minister of Energy Reza Ardakanian has rejected claims that Iraq would stop buying electricity from Iran next month when a current deal on the issue expires.

“... as long as they need Iran’s electricity we continue the exports,” said Ardakanian on Monday, adding that the power delivery to Iraq will continue based on a section in the multi-purpose cooperation deal between the two countries which allows exports to continue as long as the Iraqis need Iran’s electricity.

Ardakanian said the duration of the three-year economic cooperation deal with Iraq would expire at the end of December. However, he insisted that the terms of the deal, including the export of electricity, have been enacted on a yearly basis and concurrent with the implementation of Iraq’s annual budget laws.

The minister also elaborated on a recent agreement between the two countries to synchronize their power grids, adding that the deal would facilitate the continued exports of electricity to Iraq.

Iran currently provides Iraq with more than a fourth of the electricity it needs while the Arab country relies on imports of natural gas from Iran to run several of its own power plants.

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