Iran’s engineering service export to Iraq stalled
Tehran, Iran, Feb. 14
By Mehdi Sepahvand – Trend:
An Iranian official says the country’s export of engineering and expert services to the neighboring country Iraq has come to a dead-end as the Iraqi side isn’t paying Iranian contractors for their services.
“The volume of Iran’s engineering service contracts in southern Iraq and with the central government is $1.3 billion. We have also worth $600 million contracts in the Kurdistan Region, but nothing of the total $2 billion has been paid to the Iranian companies,” Said Owhadi, advisor to Iran’s first vice president, told an Iranian-Iraqi trade conference, Fars news agency reported February 14.
“They have paid some $200 million to Iranian engineering companies, not as credit, but for housing,” he lamented, adding, “This is only a pain killer.”
“The biggest problem in Iraq now is the banking. Our banking warranties are not accepted by Iraqi banks despite the fact that they have been signed by the central banks of both countries,” added Owhadi.