scorecardresearch
Friday, March 29, 2024
Support Our Journalism
HomeWorldIran to use money from its energy exports to Iraq to buy...

Iran to use money from its energy exports to Iraq to buy Covid vaccines

According to reports, Iraq has so far cleared $700 million of its debt for electricity and natural gas imports from Iran.

Follow Us :
Text Size:

Baghdad: Iran will use money from its energy exports to Iraq to buy coronavirus vaccines from Europe, Iranian Energy Minister Reza Ardakanian said.

He made the statement following a visit to Baghdad after Iran reduced natural gas supplies to Iraq over unpaid bills, the state-run Islamic Republic News Agency reported.

Iraq has so far cleared $700 million of its debt for electricity and natural gas imports from Iran, the state-run Young Journalists Club reported, citing Ardakanian.

Iran said it would “urgently resume gas flows, which had been slashed recently after technical problems,” Iraq’s state-run newspaper Al-Sabah reported Wednesday after the meetings.

On Monday, the National Iranian Gas Co. said it was owed $5 billion for gas supplies to Iraq and an additional $1 billion in penalties. Iran will also use the money to buy essential goods, Ardakanian said. – Bloomberg


Also read: Iran starts human trials of Covid vaccine it developed, targets summer release


 

Subscribe to our channels on YouTube, Telegram & WhatsApp

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here.

Support Our Journalism

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular