[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

You Know What Happens Next

Cash Jordan: Half-Built Tower Abandoned… as ICE Deports Entire ‘Migrant Workforce’

Heavy rainfall causes flash flooding Tuesday night, some cars stuck in high water on Chicago's West

Biden Doctor PLEADS THE FIFTH, Refuses To Testify To Congress, Biden Pardons ARE VOID

Joe Rogan says FBI director Kash Patel played him for a fool and maga for fools with the Jeff Epstein files

Elon's AI System "Grok" Went Rogue And Has Been SHUT DOWN in an Emergency!

Earthquake Swarms at One of the MOST DANGEROUS Volcanoes in the USA

Ben Shapiro Declares Epstein Case CLOSED: ‘Facts on the Ground Have Changed’

Iran receives 40 Chinese J10-C Fighter Jets

China’s Railgun Is Now Battle-Ready, Thanks to Nuclear Power

Chinese Hypersonic Advancements! Deadly new missile could decimate entire US fleet in 20 minutes

Iran Confirms Massive Chinese HQ 9 B Missile Deal

Why Is Europe Hitting 114°F And Still Rising?

The INCREDIBLE Impacts of Methylene Blue

The LARGEST Eruptions since the Merapi Disaster in 2010 at Lewotobi Laki Laki in Indonesia

Feds ARREST 11 Leftists For AMBUSH On ICE, 2 Cops Shot, Organized Terror Cell Targeted ICE In Texas

What is quantum computing?

12 Important Questions We Should Be Asking About The Cover Up The Truth About Jeffrey Epstein

TSA quietly scraps security check that every passenger dreads

Iran Receives Emergency Airlift of Chinese Air Defence Systems as Israel Considers New Attacks

Russia reportedly used its new, inexpensive Chernika kamikaze drone in the Ukraine

Iran's President Says the US Pledged Israel Wouldn't Attack During Previous Nuclear Negotiations

Will Japan's Rice Price Shock Lead To Government Collapse And Spark A Global Bond Crisis

Beware The 'Omniwar': Catherine Austin Fitts Fears 'Weaponization Of Everything'

Roger Stone: AG Pam Bondi Must Answer For 14 Terabytes Claim Of Child Torture Videos!

'Hit Us, Please' - America's Left Issues A 'Broken Arrow' Signal To Europe

Cash Jordan Trump Deports ‘Thousands of Migrants’ to Africa… on Purpose

Gunman Ambushes Border Patrol Agents In Texas Amid Anti-ICE Rhetoric From Democrats

Texas Flood

Why America Built A Forest From Canada To Texas


Business/Finance
See other Business/Finance Articles

Title: Iran official rejects Iraqi gas payment in dinar
Source: [None]
URL Source: https://www.presstv.com/Detail/2018 ... electricity-US-sanctions-dinar
Published: Nov 21, 2018
Author: staff
Post Date: 2018-11-21 08:28:18 by Tatarewicz
Keywords: None
Views: 489
Comments: 2

PressTV... Iran's gas supply to Baghdad began last June at a rate of 7 million cubic meters per day.

Iran’s Deputy Minister of Petroleum Amir Hossein Zamaninia says Iraq has to pay in euros for the gas imported from Iran, dismissing the use of the Iraqi dinar for the payment.

“The National Iranian Gas Company does not agree that the payment for exports of gas to Iraq should be made in dinars because it should be made in euros, according to the contract,” ISNA news agency quoted him as saying.

His remarks came after Iranian Ambassador to Baghdad Iraj Masjedi told Fars news agency that Tehran and Baghdad were considering using the Iraqi dinar in their transactions instead of the US dollar.

Iraq heavily depends on Iranian natural gas imports for electricity generation. Basra in southern Iraq was hit by violent protests which spread to other cities this summer, partly because of a halt of Iranian electricity exports.

Iran's gas supply to Baghdad began last June at a rate of 7 million cubic meters per day. It will increase to 35 million cubic meters daily, according to the terms of their agreement.

A separate pipeline is about to take Iranian gas to the Iraqi city of Basra in the south.

Head of Iraqi Chambers of Commerce Jafar Rasul Hamdani said this month that Iran’s gas and electricity exports to Iraq rose 40 percent in the first six months of the current year from the same period a year ago.

Iraq also rejected a US deadline to stop importing Iranian gas, warning that any halt to the supplies would create a real power crisis which sparked several days of unrest in Basra and elsewhere this summer. PressTV-Iraq rejects US deadline to halt Iran gas imports Iraq has rejected a US deadline to stop importing Iranian gas, warning that any halt to the supplies would create a real power crisis.

“Stopping Iranian gas after the deadline will create a real power crisis. We need more time … the Americans are completely aware of how desperately we need Iranian gas,” an Iraqi official told Reuters news agency.

Trade between Iran and Iraq stands at $12 billion, but Baghdad is reportedly under pressure from the United States to stop business dealings with Tehran.

Iran is currently Iraq's top trade partner, having sharply increased their trade exchanges in recent months despite US sanctions on the Islamic Republic.

Masjedi said the two neighbors plan to raise their trade to $20 billion a year.

“The Iraqis need Iran’s natural gas, electricity, food items and industrial materials. If these exports are stopped, there will be problems not only for Iran but also for the Iraqis,” he added.


Poster Comment:

Probably not much Bagdadians can offer Iran in the way of exports.

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

Begin Trace Mode for Comment # 2.

#2. To: Tatarewicz (#0)

Never a bad idea to accept pure gold in commerce.

Lod  posted on  2018-11-21   14:45:05 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 2.

        There are no replies to Comment # 2.


End Trace Mode for Comment # 2.

TopPage UpFull ThreadPage DownBottom/Latest


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]