Iraq gets new extension for Iran energy sanctions waiver

Image
AP Baghdad
Last Updated : Jun 15 2019 | 6:30 PM IST

Two Iraqi officials say the United States has given Iraq a new 90-day extension for an Iran sanctions waiver allowing Baghdad to import electricity and natural gas from Tehran.

An Iraqi official told The Associated Press on Saturday that Baghdad was informed about the waiver during a call the previous day between U.S. Secretary of State Mike Pompeo and Iraqi Prime Minister Adel Abdul-Mahdi.

Another official confirmed the waiver, saying it will start June 19.

Both officials spoke on condition of anonymity as they were not authorized to speak to the media.

Iraq's power sector is in disrepair and doesn't generate enough electricity to meet domestic demand, especially during the scorching summer months.

Iraq has received one waiver after another since U.S. sanctions on Iran went into effect in November.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 15 2019 | 6:30 PM IST

Next Story