United States has allowed Iraq to import Iranian gas

The United States has allowed Iraq to import Iranian gas for its power grid for another three months by extending a waiver to sanctions.
Sudha

Last Updated: Jun 17,2019 16:23 IST

United States has allowed Iraq to import Iranian gas

United States has allowed Iraq to import Iranian gas

17 June 2019 Current Affairs: The United States has allowed Iraq to import Iranian gas for its power grid for another three months by extending a waiver to sanctions. But the US insisted that Iraq finds an alternative measure for its need of electricity, including by harnessing gas energy and reducing flaring at oil production sites.
Iraq has had several extensions to the waiver first granted in 2018 after Washington reimposed sanctions on Tehran’s oil sector forbidding countries from purchasing Iranian energy. The extension was given during a phone call between Prime Minister Adel Abdul Mahdi and U.S. Secretary of State Mike Pompeo. The United States continued to insist on diversifying energy imports away from Iran.
U.S. energy giant General Electric won a multibillion-dollar contracts to rebuild Iraq’s electricity system amid intense U.S. lobbying efforts. US reimposed sanctions on Iran’s oil industry in November, citing concerns about its nuclear programme and its meddling in the Middle East.
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