BAKU, Azerbaijan, Sept. 29
By Elnur Baghishov – Trend:
Iran is ready to extend the term of its contract on gas exports to Iraq, the new appointed Deputy Oil Minister and Managing Director of the National Iranian Gas Company (NIGC), Majid Chegeni said, Trend reports citing the company’s website.
He made the remark in a meeting with the official of Electricity Ministry of Iraq.
According to Cheheni, in this regard, Iran intends to research new proposals put forward by the Ministry of Electricity of Iraq.
The new head of NIGC also said that Iran says it is committed to current and previous agreements with Iraq.
Reportedly, Iran currently exports about 50 million cubic meters of gas to Iraq daily.
According to the announcement of the National Iranian Gas Company on September 2, 2021, under an agreement between Iran and Iraq, Iran's gas exports to Iraq were reduced by 38 million cubic meters daily for six months.
The NIGC said that Iraq owes Iran $5 billion in connection with gas exports. Of that amount, $3 billion was frozen in the Trade Bank of Iraq, while $2 billion was not identified by the Iraqi Ministry of Electricity.
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