In the latest shift in Washington''s Iraq policy, the United States has removed the sanctions waiver allowing Baghdad to import electricity from Iran while leaving the exemption for Iranian natural
The move is part of Baghdad''s efforts to attract U.S. investment into its energy sector, following previous licensing rounds where Chinese firms secured the majority of available fields.
Iraq has officially announced energy independence; they have halted all imports of gasoline, diesel, and kerosene. This is a powerful political statement and a strategic pivot that sends
Baghdad is intensifying its energy diversification efforts as it faces unstable Iranian supply and US sanctions waiver expiration. A gas-powered electricity plant in Baghdad undergoes
For years, Iraq has depended on Iranian imports to meet around 40% of its gas needs, which powers plants responsible for generating nearly 30% of its electricity. However, this latest
Baghdad accelerates its shift from oil dependence by investing billions in domestic gas capture projects to tackle power shortages and reduce reliance on Tehran.
Iraq''s strategy seeks energy independence while navigating U.S.-Iran tensions, sanctions risks, and internal corruption. Iraq is moving to achieve energy security by diversifying its energy...
By letting previous waivers expire, the United States can help Baghdad establish other suppliers and stand on its own feet for the first time. The Biden administration''s last 120-day
Baghdad''s landmark agreement with two US energy firms aims to quadruple electricity production and end decades of chronic power shortages.
Following the U.S. decision to end the sanctions waiver, Baghdad reached an agreement with Ankara to double its electricity imports from Turkey. Iraq is also developing the infrastructure to import
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