The United States has allowed Iraq to import Iranian gas for its power grid for another three months by extending a waiver to sanctions.
An Iraqi government official told Jordan news agency Petra on Saturday that the US granted a new 90-day sanctions extension to allow Iraq carry on buying electricity and gas from its neighbor Iran, after negotiations over the past days. He added that the US exemption, the third of its kind, is vital for Iraq because of its urgent energy needs in the summer.
Iraq imports up to 28 million cubic meters of natural gas and 1,300 megawatts of electricity from Iran.
Washington re-imposed sanctions on Iran's energy sector in November after it pulled out of a nuclear deal with Tehran
Source: International Islamic News Agency
Category: Business & Finance