beyondmsn.com

Breaking news and insights at beyondmsn.com

Iraq’s Energy Strategy Amid Sanctions: A Focus on Independence and Security

The Iraqi government confirmed it has not been notified about the cancellation of its exemption for importing Iranian gas. Ongoing U.S.-Iraq dialogue highlights Iraq’s stability as crucial. Following President Trump’s sanctions, Iraq is implementing a strategy for energy independence, including gas imports from Turkmenistan and investments in renewable energy.

On Saturday, the Iraqi government confirmed the lack of any official notification regarding the cancellation of its exemption for purchasing Iranian gas, a privilege previously granted by former U.S. President Donald Trump. Government spokesperson Basim Al-Awadi stated that ongoing dialogue and communication between Baghdad and Washington highlight the importance of Iraq’s stability for the broader region.

In February, President Trump revoked Iraq’s waiver to import electricity and gas from Iran due to new sanctions imposed on Tehran. Reports indicated that the exemption is expected to expire on March 7, raising concerns regarding Iraq’s energy security and future energy planning.

To counter these challenges, the Iraqi government has initiated a comprehensive strategy focusing on both immediate and long-term energy solutions. “The Ministry of Electricity has secured a contract to import gas from Turkmenistan, pending the completion of financial and technical procedures,” Al-Awadi noted. Furthermore, Iraq is coordinating with the Ministry of Oil to import 600 million cubic feet of gas and is assessing the installation of floating LNG platforms in Basra.

Additionally, the Ministry of Oil has commenced constructing its own pipelines. Al-Awadi emphasized that Iraq intends to enhance its energy security through diversified investments. The strategy encompasses developing steam and combined-cycle power plants alongside investments in renewable energy, including solar power and waste-to-energy projects. These initiatives are pivotal to reinforcing Iraq’s energy security for sustained stability in the sector.

The Iraqi government is actively addressing its energy needs amidst changing sanctions from the United States. Through securing contracts for gas imports and investing in renewable energy, Iraq aims to enhance its energy security and reduce dependency on Iranian gas. The ongoing dialogue with the U.S. further underscores the importance of Iraq’s stability within the region and its commitment to achieving long-term energy independence.

Original Source: shafaq.com

Raj Patel

Raj Patel is a prominent journalist with more than 15 years of experience in the field. After graduating with honors from the University of California, Berkeley, he began his career as a news anchor before transitioning to reporting. His work has been featured in several prominent outlets, where he has reported on various topics ranging from global politics to local community issues. Raj's expertise in delivering informative and engaging news pieces has established him as a trusted voice in contemporary journalism.

Leave a Reply

Your email address will not be published. Required fields are marked *