Oil & Gas

05 Apr 2022

Iraq in Need of Iranian Gas for Years: Iraqi Official

05 Apr 2022  by   
Iraqi Minister of Electricity Adel Karim has underlined that Iraq has not struck a deal with the littoral states of the Persian Gulf; thus, Baghdad requires gas import from Iran in coming years.

The Iraqi minister made the remarks on a TV talk show, promising a different summer in comparison to previous summers, saying that the Ministry of Electricity makes all-out efforts to get ready for a hike in electricity consumption during this hot summer.

Karim acknowledged that creating a power grid connection with Arab littoral states of the Persian Gulf would be very costly, noting that the Iraqi government does not accept the prices that such Arab countries propose.

“Iran’s gas is appropriate for Iraq and its price is acceptable,” he said, adding, “We need Iran’s gas for years.”

The minister also referred to three agreements with Qatar, Turkey, and Saudi Arabia, noting that Iraq has not yet reached any deal with these countries on energy prices.

Most Iraqi power plants depend on Iran’s gas and energy export.

Iraq needs 35,000 megawatts per annum and 1500 MW is being added to the requirement, he went on to say.

Iraqi and Iranian oil ministers discussed the increase in Iran’s gas export to Iraq as well as the issue of payback of Baghdad’s debt to Tehran.

Iranian Oil Minister Javad Oji met with his Iraqi counterpart Ihsan Abdul Jabbar on the sidelines of the Gas Exporting Countries Forum (GECF) in Doha in March.

Ahmed Musa, the spokesman for the Iraqi Ministry of Electricity, announced that high-ranking delegations composing of representatives from three ministries of electricity, treasury, and oil along with Salem Chalabi, the CEO of the Commercial Bank of Iraq, are scheduled to visit Iran in order to hold talks on demanding for more gas export to the neighboring Arab country.

According to the spokesman, the two sides have started consultations on the increase in Iranian gas export to Iraq,  and the Iraqi prime minister has ordered repayment of the debt to Tehran within three years.


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