Washington Blocks Iraqi Imports Of Turkmen Gas Through Iran
Washington Blocks Iraqi Imports Of Turkmen Gas Through Iran
Iraq’s crippling power shortages worsened earlier this year after the Trump White House revoked a waiver allowing Iraq to import electricity from Iran
A gas import deal between Iraq and Turkmenistan has collapsed after Baghdad failed to secure approval from the US government to import gas from the Central Asian country via pipeline through Iran.
“Proceeding (with the Turkmen deal) could trigger sanctions on Iraqi banks and financial institutions, so the contract is currently suspended,” Adel Karim, advisor to Iraq’s prime minister for electricity affairs, told Reuters.
The 2023 deal aimed to secure more than five billion cubic meters (bcm) of gas annually from Turkmenistan.
According to draft contracts between Baghdad and Ashgabat reviewed by the British news outlet, Iran would not receive any money from the deal but could retain up to 23 percent of the gas volumes transferred.
Although Iraq is the second-largest oil producer in OPEC, it has experienced ongoing blackouts since the 2003 US-led illegal invasion. Domestic output reached only 11 bcm in 2023, well below the 45 million cubic meters per day needed during peak summer.
🔗SOURCE ➡️ The Cradle
Related: 8/28 — Iran Hopes To Begin Russian Gas Imports Via Azerbaijan In ‘Near Future’
11/10/24 — Trump looking to ‘drastically throttle’ Iran’s oil sales: Report
10/5/24 — Iran’s Oil Production Nears Pre-Sanctions Levels: Report
9/25 — Why Does The US Still Control Every Penny Of Iraqi Oil Revenues?
7/9/24 — Iraq to Receive Turkmenistani Gas via Iran-Built Pipeline
3/29/24 — Iraq Signs Five-Year Natural Gas Deal with Iran
1/11/24 — Washington Has ‘No Plans’ to Withdraw From Iraq
7/26/23 — The End of The PetroDollar, The Rise of BRICS is Here — TheMcgwire / PsyopDaily original
7/19/23 – US Issues New Sanctions Waiver Claiming to ‘Help’ Iraq Pay For Iranian Gas
…only to sanction 14 Iraqi banks the next day.
7/20/23 — US Bans 14 Iraqi Banks in Crackdown on Iran Dollar Trade
These sanctions on Iraqi banks plays into the same dynamic seen, with the US targeting individual banks in Turkey and the UAE with sanctions, after the nations ignored the US’s threats, I highlighted in my March 2022 series….
….The real question is why should the sovereign country of Iraq … have to beg the US permission to conduct business with its neighbor that is in its own interest?Somewhere in the answer to that question, is the prime reason for why BRICS is rising.
…7/25/23 — Washington Names Itself ‘Custodian’ of Iraqi Debt Payments to Iran via Oman
And thus, its no wonder the global south is breaking away from US control, when it so often overrides their own interests[and sovereignty]
7/12/23 — Iraq to Trade Crude Oil for Desperately-Needed Iranian Gas
7/5/23 — Iraq Wants to Drop Dollar in Iran Trade to ‘Relieve US Pressure’: Report
”Over the past several months, Iraq has been working to lessen its dependence on the US dollar after Washington implemented several strict measures, including sanctions on Iraqi banks and rationing the dollar supply..”
4/6/23 — CIA Director Tells Saudis the U.S. Was Blindsided By Iran Normalization Brokered by China
2/22/23 — Iraq to Allow Trade With China in Yuan – State Media
March 2022 Flashback: US Hegemony Threatened As Saudis, UAE, India Ignore Threats of Sanctions, Turn to Russia/China — TheMcgwire / PsyopDaily original
Will threats of sanctions on the neutral gulf states and India… be productive, or counter productive to America’s own security and stability?
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