Electricity announces the debt scheduling agreement and the imminent return of all Iranian gas releases

Economy

4-06-2021, 15:20

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Baghdad - INA

The Ministry of Electricity announced the agreement to reschedule the debts and the imminent return of all Iranian gas emissions.

The ministry’s spokesman, Ahmed Musa, said in an exclusive statement to the Iraqi News Agency (INA): “There are debts and dues payable to the Iranian side,” noting that “it was agreed during the meeting of the Ministers of Electricity and Finance and the Director General of the trade Bank of Iraq (TBI) on scheduling the debts. In order to resume Iranian gas releases in the coming days."

He pointed out that "in the event that Iranian gas is resumed, its production will reach about 22,000 megawatts of electricity, indicating that" the increase in production will be reflected in an increase in the number of hours of providing citizens with electricity."

Moussa added that "gas releases from the Iranian side are still declining by 20 million cubic meters out of the 70 million cubic meters needed by the Ministry of Electricity in the summer."