Iran's total exports to Iraq exceed $11B

Oil&Gas Materials 8 January 2019 18:47 (UTC +04:00)

Baku, Azerbaijan, Jan. 8

By Elnur Baghishov - Trend:

In the first nine months of the current Iranian year (started March 21, 2018), Iran exported various goods and electricity worth $11.5 billion to Iraq, Hasan Danayifar, secretary of Iran's committee for economic relations with Iraq and Syria, said, Trend reports via IRNA.

He noted that $6.5 billion of the exports accounted for goods and added that in the same period of the previous year Iran's goods exports to Iraq amounted to $6.4 billion.

Despite US sanctions, Danayifar said, Iran's total exports to Iraq have increased by 40 percent compared to the previous year.

It is expected that Iran's goods exports to Iraq will reach $8.1 billion by the end of the current year, he added.

Commenting on the US pressure on Iraq aimed at ceasing the economic relations with Iran, Danayifar noted that about 40 percent of Iraq's demand for electricity is supplied by Iran and it is impossible to stop the supplies.

He further underlined that cutting the Iran-Iraq economic ties could leave 7,000 people unemployed in the car industry.