Iran signs deal to supply electricity to Iraq for 2 years despite pressure from the United States

Iran’s Minister of Energy Reza Ardakanian (3rd L) meets with Iraqi President Barham Salih (C) in Baghdad on June 2, 2020. (Photo by IRNA)

Tehran and Baghdad have signed an agreement on exports of electricity from Iran to neighboring Iraq, stressing their determination to broaden cooperation in the energy sector, despite American pressure on the Iraqi government to reduce economic ties with its neighbor.

In an interview with the IRNA news agency on Wednesday, Iran’s Minister of Energy Reza Ardakanian highlighted the achievements of his one-day visit to Baghdad, where he signed the contract with the Iraqi Electricity Ministry.

The new agreement, he said, covers 2020 and 2021, while the previous deals had lasted for one-year periods.

He said Baghdad paid Tehran about $400 million — half of Iraq’s due debts to Iran for electricity supply — thanks to the Iranian Embassy’s follow-up efforts in the Iraqi capital.

The minister also noted that he discussed with Iraqi officials a three-year cooperation plan earlier signed between the countries’ private sectors to reconstruct Iraq’s electricity industry.

He further announced plans for a visit by Iranian technical teams to Iraq next week to pen two important agreements on reducing power grid losses and repairing electricity equipment.

Heading a delegation of electricity experts, Ardakanian visited Iraq on Wednesday and held meetings with senior officials, including Prime Minister Mustafa al-Kadhimi, President Barham Salih and Electricity Minister Majid Mahdi Hantoush.

The Iraqi Prime Minister’s office said in a statement that Kadhimi had, in his meeting with Ardakanian, stressed Baghdad’s willingness to develop the best of relations with its neighbors.

The two sides exchanged views on cooperation opportunities in the energy sector and boosting bilateral ties between the two neighboring states, according to the statement.
Kadhimi also underlined the need for maximum efforts to resolve complicated problems gripping the region.

Separately, the Iraqi president’s office released a statement on Ardakanian’s meeting with Salih, saying the latter called for bilateral interactions, especially in the fields of electricity and water.

The two officials, the statement read, also explored ways to enhance bilateral relations in all sectors in line with mutual interests.

Iraq and Iran share a 1,400-kilometer-long border. Except for gas and power, Iraq depends on Iran for everything from food, fruits and vegetables to machinery and home appliances.

Iranian energy accounts for between 30 and 40 percent of the electricity consumed in Iraq.

Over the past months, Washington has been pressing Baghdad to stop buying natural gas and electricity from Tehran as part of its “maximum pressure” campaign aimed at choking off Iran’s revenue.

Illegal US sanctions are preventing Iran from repatriating its money.

Last month, Iraq’s former electricity minister Luay al-Khatteeb said Iran will remain a key source of energy to the Arab country for years to come until suitable alternatives materialize.

No comments

Thank you for reaching out to us. We are happy to receive your opinion and request. If you need advert or sponsored post, We’re excited you’re considering advertising or sponsoring a post on our blog. Your support is what keeps us going. With the current trend, it’s very obvious content marketing is the way to go. Banner advertising and trying to get customers through Google Adwords may get you customers but it has been proven beyond doubt that Content Marketing has more lasting benefits.
We offer majorly two types of advertising:
1. Sponsored Posts: If you are really interested in publishing a sponsored post or a press release, video content, advertorial or any other kind of sponsored post, then you are at the right place.
WHAT KIND OF SPONSORED POSTS DO WE ACCEPT?
Generally, a sponsored post can be any of the following:
Press release
Advertorial
Video content
Article
Interview
This kind of post is usually written to promote you or your business. However, we do prefer posts that naturally flow with the site’s general content. This means we can also promote artists, songs, cosmetic products and things that you love of all products or services.
DURATION & BONUSES
Every sponsored article will remain live on the site as long as this website exists. The duration is indefinite! Again, we will share your post on our social media channels and our email subscribers too will get to read your article. You’re exposing your article to our: Twitter followers, Facebook fans and other social networks.

We will also try as much as possible to optimize your post for search engines as well.

Submission of Materials : Sponsored post should be well written in English language and all materials must be delivered via electronic medium. All sponsored posts must be delivered via electronic version, either on disk or e-mail on Microsoft Word unless otherwise noted.
PRICING
The price largely depends on if you’re writing the content or we’re to do that. But if your are writing the content, it is $60 per article.

2. Banner Advertising: We also offer banner advertising in various sizes and of course, our prices are flexible. you may choose to for the weekly rate or simply buy your desired number of impressions.

Technical Details And Pricing
Banner Size 300 X 250 pixels : Appears on the home page and below all pages on the site.
Banner Size 728 X 90 pixels: Appears on the top right Corner of the homepage and all pages on the site.
Large rectangle Banner Size (336x280) : Appears on the home page and below all pages on the site.
Small square (200x200) : Appears on the right side of the home page and all pages on the site.
Half page (300x600) : Appears on the right side of the home page and all pages on the site.
Portrait (300x1050) : Appears on the right side of the home page and all pages on the site.
Billboard (970x250) : Appears on the home page.

Submission of Materials : Banner ads can be in jpeg, jpg and gif format. All materials must be deliverd via electronic medium. All ads must be delivered via electronic version, either on disk or e-mail in the ordered pixel dimensions unless otherwise noted.
For advertising offers, send an email with your name,company, website, country and advert or sponsored post you want to appear on our website to omodjk(at)gmail(dot)com

Normally, we should respond within 48 hours.