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	<title>Iran electricity export Archives - Iran News Daily</title>
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		<title>Ex-Iraqi minister: Iran, key energy source despite pressures</title>
		<link>https://irannewsdaily.com/2020/05/ex-iraqi-minister-iran-key-energy-source-despite-pressures/</link>
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		<dc:creator><![CDATA[reporter 1222]]></dc:creator>
		<pubDate>Sun, 17 May 2020 04:31:42 +0000</pubDate>
				<category><![CDATA[economic]]></category>
		<category><![CDATA[energy export]]></category>
		<category><![CDATA[Iran electricity export]]></category>
		<category><![CDATA[iran-iraq]]></category>
		<category><![CDATA[Iraq]]></category>
		<guid isPermaLink="false">https://irannewsdaily.com/?p=110366</guid>

					<description><![CDATA[<p>TEHRAN (Iran News) – Iraq&#8217;s former electricity minister said neighboring Iran will remain a key source of energy to the Arab country for years to come until suitable alternatives materialize. Luay al-Khatteeb made the remarks in an interview with Abbas Kadhim, the director of the Atlantic Council’s Iraq Initiative, Press TV reported. “The only available [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://irannewsdaily.com/2020/05/ex-iraqi-minister-iran-key-energy-source-despite-pressures/">Ex-Iraqi minister: Iran, key energy source despite pressures</a> appeared first on <a rel="nofollow" href="https://irannewsdaily.com">Iran News Daily</a>.</p>
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										<content:encoded><![CDATA[<p>TEHRAN (<a href="https://irannewsdaily.com/" target="_blank" rel="noopener noreferrer">Iran News</a>) – Iraq&#8217;s former electricity minister said neighboring Iran will remain a key source of energy to the Arab country for years to come until suitable alternatives materialize.</p>
<p>Luay al-Khatteeb made the remarks in an interview with Abbas Kadhim, the director of the Atlantic Council’s Iraq Initiative, Press TV reported.</p>
<p>“The only available option we have at the moment right now is Iran – and let’s be frank,” Khatteeb said.</p>
<p>The US has been enlisting its companies and allies such as Saudi Arabia to replace Iran as Iraq’s source of energy.</p>
<p>Khatteeb said, &#8220;I couldn’t care less as a client from the receiving end about whether this molecule of gas comes from Iran or Saudi Arabia. What really matters to me is that this gas is competitive price-wise, can be delivered as soon as possible, and meets my volume demands.&#8221;</p>
<p>The former minister emphasized that his country requires three or four years to become self-reliant for its gas needs.</p>
<p>“We’ve made it clear to the US that we need three or four years to achieve self-sufficiency in gas; this includes field development, pipelines, processing facilities, compressors, and other infrastructure,” he said.</p>
<p>Iran is currently exporting around 1,200 megawatts of electricity per day and 40 million cubic meters (mcm) of natural gas to Iraq. One megawatt can power about 1,000 homes.</p>
<p>Over the past months, Washington has been pressing Baghdad to stop buying natural gas and electricity from Tehran as part of its “maximum pressure” campaign mainly aimed at bringing Iran&#8217;s oil exports to zero.</p>
<p>Iran has been under the ‘toughest ever’ US sanctions since May 2018, when President Donald Trump unilaterally withdrew the US from the 2015 nuclear deal.</p>
<p>The US had granted Iraq a series of 120-, 90- and 45-day waivers exempting it from sanctions to buy energy from Iran.</p>
<p>In late April, however, the US shortened the previous 120-day waivers, and issued a thirty-day exemption for Iraq, dialing up the pressure on Baghdad to cut back its ties with Tehran and turn up economic pressure on Iran.</p>
<p>Asked about the shortened waivers, he said, “The US wanted to test our capabilities, and we did well.”</p>
<p>“Every time the waiver is about to expire, it’s like a checklist, a procedure. They keep asking the same question, and we keep repeating the same answer,” he added.</p>
<p>Early this month, Iraqi officials said the United States had given a 120-day waiver for Iraq to continue importing electricity from Iran.</p>
<p>The post <a rel="nofollow" href="https://irannewsdaily.com/2020/05/ex-iraqi-minister-iran-key-energy-source-despite-pressures/">Ex-Iraqi minister: Iran, key energy source despite pressures</a> appeared first on <a rel="nofollow" href="https://irannewsdaily.com">Iran News Daily</a>.</p>
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