Iraq Buys Iranian Oil Sanctions-Free for 90 Days

Iraq Buys Iranian Oil Sanctions-Free for 90 Days

The US allowed Iraq to continue importing energy from Iran without sanctions for a 90-day waiver, a State Department official said, Reuters reported.

“While this waiver is intended to help Iraq mitigate energy shortages, we continue to discuss our Iran-related sanctions with our partners in Iraq,” US State Department official said.

Iraq imports around 1.5 billion standard cubic feet per day (bcf/d) of Iranian gas to fulfill the country’s power stations demand despite having one of the world’s largest natural gas reserves.

The last waiver that was given to Iraq to continue importing electricity from Iran was on December 21 as the main Iraqi power plants depend on Iranian natural gas.


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