Iraq has settled all payments related to purchases from the National Iranian Gas Company according to the Iranian oil minister. Last year they received about €1 billion [$1.05 billion] and this year €1.6 billion [$1.685 billion] from Iraq regarding its gas debts to Iran. The volume of gas exports to Iraq since the beginning of the current Iranian year [started March 21] has increased by 1.5 billion cubic meters compared with the same period of last year. Iraq has secured special waivers from the US sanctions on Iran to be able to import natural gas and electricity from its eastern neighbor.
- Iran Increases Gas Exports to Iraq After Payment Settlement