Away from the dollar.. America is besieged and the government is rising up to ensure the future of energy
Away from the dollar.. America is besieged and the government is rising up to ensure the future of energy
7-14-2023
Information / Baghdad…
The idea of oil for gas was not on the table for Iraqi governments over the past years in which Iraq suffers from weakness and lack of hours of electricity supply, especially with the lack of sufficient quantities of gas to operate power stations, as the US blockade imposed on Iran, which prevented According to it, the Iranian gas dues were sent from Baghdad to Tehran, prompting the government of Muhammad Shia’a al-Suwadni to search for the best solution, after discussions with the Islamic Republic, to ensure access to gas and the flow of Iraqi oil towards Iranian territory, without using the dollar or entering the maze of sanctions.
Suhaila Al-Sultani, a member of the Al-Fatah Alliance, told Al-Maalouma, “All Iranian gas money will return to the government, as the money will not be transferred to other ministries or classified without rehabilitation or development in the electricity sector, and there is a move by the government to invest gas money in starting operations.” Developing alternative energy mechanisms, as well as contracting with companies to establish new power stations.
And she added, “The barter agreement with Iran will end all obstacles set by the United States of America to sending gas money that causes the annual electricity crisis,” noting that “the government decided to invest the money that was allocated in the budget to develop the electricity sector.”
On the other hand, a member of the Oil and Natural Resources Committee, Ali Al-Mashkoor, said during a televised interview followed by Al-Maalouma, that “exchanging oil for gas is a positive step to solve all problems, since most of the Iranian stations use and work with black oil, as Iraq will be profitable from this agreement and that the government has put out Incentives for the return of the popular movement by barter.
He explained that “the fears of mortgaging Iraqi oil are completely unjustified, and the mortgaging of Iraqi oil has nothing to do with bartering oil with gas,” stressing that “the government has shortened many stages and will save the gas money that was previously paid.”
On a related level, a member of the Parliamentary Oil Committee, Kazem Al-Touki, confirmed to Al-Maalouma, that “Iraq needs 5-6 thousand fuel tanks in order to cover the actual need and operate power plants that operate on this fuel, as Iraq’s total production of gas that stations need Electricity amounted to about 1,000 cubic metres, which is a quantity that is not enough for the stations except after it is supported by more than 4,000 cubic metres of gas fuel,” noting that “the associated gas investment operations that were referred to some companies need two or three years in order to obtain this fuel. Unable to cover the actual need for gas,” explaining that “the need is covered through the projects of the sixth licensing round, which can reap its fruits after 6 years, which include exploration fields in Anbar, Nineveh, and Najaf.”
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