Iraq Pursues Energy Imports from Iran Amid Sanction Challenges

Iraq is attempting to maintain energy imports from Iran following the end of its exemption from U.S. sanctions. The Chairman of Iraq’s Economic Committee emphasized the dire consequences on electricity supply due to this sanction change. Iraq is exploring alternative sources and has signed various contracts to enhance energy independence, yet immediate reliance on Iranian imports persists in the face of these challenges.

Iraq is striving to sustain its imports of gas and electricity from Iran despite challenges arising from recent sanctions. Following the lifting of Iran’s exemption on March 8, 2024, the Chairman of the Iraqi Parliament’s Economic Committee conducted a meeting with the U.S. Charge d’Affaires in Baghdad to address the ramifications of this decision. This situation raises concerns about the potential detrimental effects on Iraq’s electricity system, particularly during the critical summer months.

In summary, Iraq’s dependence on Iranian energy imports presents significant challenges amid new sanctions. Efforts are underway to diversify energy sources with agreements from Turkmenistan and Qatar, alongside a substantial contract signed with Total Energy. However, short-term reliance on Iranian gas remains crucial to stabilize the country’s electricity supply. Immediate alternative solutions are essential for both energy security and economic stability.

Original Source: www.tehrantimes.com