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 Iraqi and U.S. companies signed a series of agreements on Wednesday to capture natural gas traditionally flared from Iraq's oilfields and use it to produce domestic power while reducing dependence on neighboring Iran for energy. Boosting the energy independence of Iraq, one of the world's top oil and gas producers, and reducing reliance on Iran is a top U.S. foreign policy goal. But Iraq's oil and gas fields have suffered years of under investment and since 2018, Washington has had to issue Iran sanctions waivers to Iraq that allow it to buy power imported from the Islamic republic

Iraqi, US companies sign agreements to capture, burn gas for power

 Iraqi and U.S. companies signed a series of agreements on Wednesday to capture natural gas traditionally flared from Iraq’s oilfields and use it to produce domestic power while reducing dependence on neighboring Iran for energy. Boosting the energy independence of Iraq, one of the world’s top oil and gas producers, and reducing reliance on Iran is a top U.S. foreign policy goal. But Iraq’s oil and gas fields have suffered years of under investment and since 2018, Washington has had to issue Iran sanctions waivers to Iraq that allow it to buy power imported from the Islamic republic

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