Sudani announces agreement with Iran to resolve gas shortage in Iraq

7/12/2023 8:22:46 AM
Iraq imports most of its natural gas from Iran.

Iraqi Prime Minister Mohammad Shia al-Sudani said in a statement today that he has reached an agreement with Iran to export to Iran crude oil and kerosene in exchange for Iranian gas.

Iraqi Prime Minister al-Sudani also added that the agreement would require Iraq to pay Iran's financial debts that could not be paid due to US sanctions.

He said the agreement between Iraq and Iran would end the gas shortage in Iraq and restore Iranian gas exports to the previous level of 10 million cubic feet per day.

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