Iraq will buy water from Turkey and Iran at twice the oil price after 10 years

by **RamblerNash** Sun Sep 20, 2020 10:44 pm

09/20/2020

Economy News _ Baghdad

A member of the Parliamentary Economic Committee warned, on Sunday, that Iraq will buy water from Turkey and Iran after 10 years due to the lack of dams and the failure to build new dams, calling for the need to use economic pressure on the two countries in order to obtain water.

In an interview with Al-Iktissad News, MP Ghaleb Muhammad said, "Iraq suffers from water scarcity every year," indicating that "this problem is some of it linked to upstream countries and the other to the government because it has not established new dams in northern and central Iraq."

"About 80 billion cubic meters of water enter the region annually, but these quantities enter and leave the Gulf without benefiting from them due to the lack of dams, which is the biggest problem that Iraq suffers from," Ghalib said.

Ghalib added, "This problem remains of not building new dams. After ten years, Iraq will buy water from Turkey and Iran for twice the barrel of oil we currently sell."

Ghalib stressed "the need to use the economic card on Turkey and Iran in order to obtain a fair share of water," noting that "Iraq is a consumer country and imports most of the goods and goods from Turkey and Iran, and therefore the use of the economic card is the best pressure that can be exercised in this regard."

Ghalib pointed out that "the volume of trade exchange with Turkey during the year 2019 amounted to more than 20 billion dollars, and with Iran twice this amount. Therefore, not dealing with these two countries in any year will certainly affect their national currency because hard currency has not entered it."

It is noteworthy that Iraq suffers every year from a great water scarcity as a result of building dams on rivers and the tributaries of upstream countries, the last of which is the construction of the Ilisu Dam on the Tigris River by Turkey, which deprives Iraq of its agreed share and thus negatively affects agriculture and other uses of water.

https://economy-news.net/content.php?id=21921