Iran following up banking, energy cooperation with Iraq

Iran following up banking, energy cooperation with Iraq

Al-e Sadeq met and held talks with Ghalib on Monday.

The two sides discussed banking cooperation between the two states.

The issue of paying Iran’s arrears for electricity and gas exports, the problems of Iranian companies exporting technical and engineering services, their demands, as well as the status of Branches of Iranian Banks in Iraq were considered.

Earlier, the Chairman of the Iran-Iraq joint chamber of commerce, Yahya Al-e Eshaq, in an interview with IRNA said that Iran and Iraq have always had good ties with each other in this field, and such cooperation is being done by the private and governmental sectors.

He added that the governmental sector exchanges are mostly in the field of energy, and Iran’s governmental sector should receive $1 billion from Iraq, and according to the agreements, this energy debt to Iran will be paid by Iraq.

Al-e Eshaq added that Iran’s private sector claims $9 billion dollars from Iraq, and paying this amount is also underway.

Iraqi Minister of Electricity Adel Karim on April 5, 2022, 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 proposed by these Arab countries.


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