Iran's Energy Minister Reza Ardakanian met with officials in Baghdad on Tuesday amid a trade dispute that has seen electricity reduced for 40 million Iraqis already facing shortages for decades.
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◢ The United States on Thursday granted Iraq a 30-day waiver to keep importing Iranian gas despite American sanctions, two Iraqi officials told AFP, the shortest extension yet Baghdad relies on gas and electricity imports from its neighbor Tehran to supply about a third of its power grid, crippled by years of conflict and poor maintenance.
◢ Iran is about to burn a lot more fuel oil as a result of U.S. sanctions and new global shipping rules, reversing the nation’s progress in switching to cleaner-burning natural gas. Power plants and other industrial facilities will burn more than 200,000 barrels a day of highly polluting fuel oil next year, double the amount Iran used in 2018.
◢ Iraq is establishing a financial "loophole" to continue buying vital gas and electricity from Iran despite US sanctions, AFP has learned, mirroring a European mechanism that came into effect Friday. The "special purpose vehicle" (SPV) would allow Iraq to pay for imported Iranian energy in Iraqi dinars, which Iran could use to exclusively buy humanitarian goods, three senior Iraqi officials said.
◢ The United States has granted Iraq another 90-day waiver to continue with vital energy imports from neighboring Iran despite re-imposed sanctions, a government source said Saturday. The extension came after "long discussions" with Washington ahead of a looming deadline on a previous extension granted in December, the official, close to the negotiations, told AFP on condition of anonymity.
◢ Iraq's parliament speaker voiced hope Friday that the United States will keep waiving sanctions on energy purchases from Iran, saying his country will need to import electricity from its neighbor for three years. President Donald Trump's administration has sought to cut off all exports from Iran but has twice granted three-month exemptions to Iraq, mindful of chronic blackouts that have reignited unrest in the war-torn country.
◢ The United States is extending a waiver to let energy-hungry Iraq keep buying power from Iran, despite Washington's campaign of sanctions aimed at curbing Tehran, an official said. "While this waiver is intended to help Iraq mitigate energy shortages, we continue to discuss our Iran-related sanctions with our partners in Iraq," a State Department official said.
◢ Iranian Foreign Minister Mohammad Javad Zarif met with his Iraqi counterpart in Baghdad on Sunday for wide-ranging talks, including on US sanctions against Tehran. The visit came just days after US Secretary of State Mike Pompeo made a surprise stop on his regional tour to urge Iraq to stop relying on Iran for gas and electricity imports.
◢ Iraq has won an exemption allowing it to buy Iranian electricity despite US sanctions, as the country plagued by chronic power shortages walks a tightrope between rivals Washington and Tehran. With US measures imposed Monday taking aim at Iran's banking and energy industries, there were concerns Iraq—which heavily relies on its eastern neighbor for electricity and consumer goods—would be caught in the crossfire.