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Iraqi President Mohammad al-Halbusi  Wants Excemptions Extended!  3/29/19 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Iraqi President Mohammad al-Halbusi Wants Excemptions Extended! 3/29/19

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Iraqi President Mohammad al-Halbusi  Wants Excemptions Extended!  3/29/19 Empty Iraqi President Mohammad al-Halbusi Wants Excemptions Extended! 3/29/19

Post by Ssmith on Sat Mar 30, 2019 10:16 am

Speaker of the Iraqi Parliament Mohamed Halbouss
Agencies - Abu Dhabii

BAGHDAD (Reuters) - Iraqi President Mohammad al-Halbusi on Friday urged the US administration to extend its exemption from US sanctions on Iran because Baghdad can not stop importing electricity from Iran three years ago.

US President Donald Trump's administration imposed tough sanctions on Tehran to curb Iran's exports and dry its sources of funding. But Washington exempted Baghdad from the three-month sanctions, which it later extended for a period of time, so that Iraq could continue to import its electricity and gas needs from Iran to avoid eruption. New popular protests against power outages.
"We hope to extend this exemption until Iraq can stand on its own economically," Halboussi said during a visit to the United States Institute of Peace in Washington.

The Iraqi official in Washington met a number of American officials, led by Vice President Mike Bens.

According to Halbusi, Iraq imports 30% of its energy needs and it needs almost three years to achieve self-sufficiency in the generation of electricity.

"After these three years, we may see an economically independent Iraq and we do not need to import electricity from another country. Maybe we can solve this problem within three years," he said.
Halabousi later called on the United States to study the steps it is taking and its consequences.

Last week, the United States extended a three-month exemption to Iraq in December, allowing it to import from Iran reliable electricity, despite US sanctions on Tehran.

Washington re-imposed sanctions on Iran's energy sector in November after it pulled out of a nuclear deal signed in 2015 between the superpowers and Tehran.

A power shortage that often leaves homes without electricity for up to 20 hours a day is a key factor behind weeks of major protests in Iraq during the summer.

To overcome this shortfall, Iraq imports up to 28 million cubic meters of natural gas from Tehran to its factories and directly buys 1,300 megawatts of Iranian electricity.

This dependence is uncomfortable for the United States, which sought to reduce Tehran's influence and re-impose sanctions on Iranian financial institutions, shipping lines, the energy sector and oil products.

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