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Iraq’s Strategic Response to Energy Sanction Challenges

The Iraqi government confirmed it has not received notification regarding the cancellation of its exemption to buy Iranian gas. Spokesperson Basim Al-Awadi emphasized ongoing U.S.-Iraq dialogue and noted Iraq’s adherence to exemption conditions. Following sanctions imposed by the U.S., Iraq is initiating strategies for energy independence, which includes gas contracts, LNG platforms, and investments in renewable energy.

On Saturday, the Iraqi government announced that it had not received any official notice of the cancellation of its exemption to purchase Iranian gas, previously granted by former U.S. President Donald Trump. Government spokesperson Basim Al-Awadi stated that ongoing dialogue between Baghdad and Washington acknowledges the importance of Iraq’s stability for regional security. Al-Awadi emphasized that Iraq has complied with the exemption’s conditions and is making proactive strides towards achieving long-term energy independence.

In early February, President Trump revoked Iraq’s waiver allowing the importation of electricity and gas from Iran, implementing new sanctions on Tehran. Reports indicated that the exemption was due to expire on March 7, which raised significant concerns regarding Iraq’s energy security and future strategies. In response, the Iraqi government has formulated a comprehensive strategy that addresses both immediate and future energy needs.

Al-Awadi disclosed that the Ministry of Electricity has secured a contract to import gas from Turkmenistan, awaiting completion of necessary financial and technical arrangements. Furthermore, Iraq is coordinating with the Ministry of Oil to import 600 million cubic feet of gas while exploring the installation of floating LNG platforms in Basra. The Ministry of Oil is also actively constructing its own pipelines.

Beyond immediate solutions, Iraq aims to enhance energy security through diverse investments. The broader strategic plan encompasses the development of steam and combined-cycle power plants, alongside expanding investments in renewable energy sources such as solar power and waste-to-energy initiatives. Al-Awadi stated that these initiatives are critical for bolstering Iraq’s energy security and ensuring long-term stability in the sector.

In summary, Iraq is actively managing its energy strategies in light of recent sanctions and the expiration of its gas import exemption from Iran. The government is pursuing immediate and long-term solutions, including diversifying energy imports and investing in renewable sources. By enhancing communication with the U.S. and implementing strategic plans, Iraq aims to assure energy security and stability in the region.

Original Source: shafaq.com

Samir Khan

Samir Khan is a well-respected journalist with 18 years of experience in feature writing and political analysis. After graduating from the London School of Economics, he began his career covering issues related to governance and societal challenges, both in his home country and abroad. Samir is recognized for his investigative prowess and his ability to weave intricate narratives that shed light on complex political landscapes.

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