Iraq starts paying Iran the gas debts

Economy

15-06-2022, 22:03

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INA - BAGHDAD

Iraq Ministry of Electricity announced the actual start of the process of paying the Iranian gas debt, while confirming that Iraq's need amounts to more than 50 million cubic per day.

The Iraqi government started today to pay the Iranian gas dues, which are late for the year 2020, via internal borrowing from the Trade Bank of Iraq, and the money was deposited by the Ministry of Finance in the Credit Fund, "We are still counting on Emergency Support Law for the Repayment of the Loan Amount," according to the statements of the spokesman for the Ministry of Electricity, Ahmed Moussa, to Al-Iraqiya News TV, as it was followed up by the Iraqi News Agency - INA.

He added, "There are meetings with the Iranian Ministry of Energy and the Gas Company there to raise the levels of what flows into Iraq in order to strengthen the capabilities of the national system."

"Iraq currently needs between 50-55 million cubic of gas per day, and the Iranian side pledged to raise the quantities with the start of the payment process, and we expect the quantities to increase within two days," he included.