On Saturday, Minister of Electricity Ziad Ali Fadhil announced the signing of a contract to secure gas supplies from Turkmenistan to Iraq. The agreement, facilitated by Prime Minister Mohammed Shia al-Sudani, stipulates 10 million cubic meters of gas in winter and 20 million in summer, with provisions for compensation in case of supply issues. This initiative aims to diversify Iraq’s energy sources and improve stability, with acknowledgment from Turkmen officials on the importance of bilateral energy relations.
On Saturday, Minister of Electricity Ziad Ali Fadhil announced the signing of a contract to supply Turkmen gas to Iraq. The event was held under the auspices of Prime Minister Mohammed Shia al-Sudani and included the Minister of Energy from Turkmenistan. Minister Fadhil stated, “Under the patronage of Prime Minister Mohammed Shia al-Sudani and within the government program for energy diversification in Iraq, we are witnessing today… the signing of a contract to supply gas from Turkmenistan to Iraq via gas pipelines to the Iranian side,” specifying that the agreement is set to supply 10 million cubic meters in winter and 20 million cubic meters in summer. Furthermore, he remarked that the Ministry of Electricity would expedite the implementation of the agreement through the Trade Bank of Iraq, highlighting that a crucial condition of the contract stipulates that in the event of any supply issue, a compensatory amount of gas will be provided. He elaborated, “Through this contract, many problems have been addressed because the contract will include a first start in supplying gas, and in the future, we will work to develop our Iraqi fields within the government program… to ensure energy stability.” Accompanying these declarations, Turkmen State Minister for Gas Affairs, Maksad Babayev, expressed gratitude for the Iraqi government’s support in strengthening energy relations, indicating satisfaction with the achieved agreements.
The context of this agreement is situated within Iraq’s broader strategy to ensure energy diversification and stability amid increasing energy demands. The collaboration with Turkmenistan aims to alleviate Iraq’s reliance on traditional energy sources by integrating foreign gas supplies, contributing to both economic improvement and energy security. The significance of this contract not only lies in the immediate supply of gas but also in the potential development of Iraq’s own energy resources in the long term, as outlined in the government’s energy program.
In summary, the signing of the contract to supply Turkmen gas is a strategic move for Iraq to enhance its energy infrastructure and secure reliable gas supplies for both winter and summer demands. This contract will aid in addressing immediate energy needs while establishing a foundation for future developments in local energy production. Both Iraqi and Turkmen officials highlighted the importance of cooperation in this venture, underscoring the significance of international partnerships in energy supply.
Original Source: ina.iq
