Iraq Begins Paying Off $1 Billion Energy Debt To Iran

Iraq has made a US$300-million cost to Iran beneath an influence export settlement, in response to Azeri information media Development, quoting Iran’s Deputy Power Minister Houshang Falahatian. One other US$800 million stay to be paid. Iran was exporting some 1,500 MW of electrical energy to its neighbor as of November 2016, when Iraq defaulted on its funds. Plans have been to extend exports to 2,000 MW. On the time, Falahatian stated that Iraq owed Tehran cash for over a yr of energy provides, including that methods of addressing the issue have been being mentioned.…

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