The US has extended the initial waiver given to Iraq to continue importing from Iran despite the sanctions for another 90 days, Oil Price reported.
The waiver will allow Iraq to continue importing electricity from Iran as the main Iraqi power plants depend on Iranian natural gas. Besides, Baghdad’s power generation is not enough to ensure domestic supply.
Iraq still needs more time to find another source of power instead of Iran. Otherwise, it will face more from electricity outages that caused protests in the country.
Meanwhile, the US has urged Iraq to become energy independent, especially from Iran.
The US has granted Iraq a 45-day waiver from its sanctions on Iran in order to import natural gas and electricity supplies.