Iran to Use Cash From Iraq Gas Product sales to Purchase Virus Vaccines

(Bloomberg) — Iran will use income from its energy exports to Iraq to invest in coronavirus vaccines from Europe, Iranian Power Minister Reza Ardakanian explained.

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A glass health care vaccine vial in dry ice vapor in an arranged photograph in Wurzburg, Germany, on Wednesday, Nov. 18, 2020. Freezers needed to retail outlet Covid-19 vaccines are in location at wellness techniques that are preparing to administer the preliminary doses once the two major candidates for pictures obtain a inexperienced light from regulators, U.S. wellbeing officers claimed Wednesday.

He designed the assertion adhering to a check out to Baghdad following Iran diminished purely natural gas provides to Iraq over unpaid costs, the condition-operate Islamic Republic Information Agency reported.

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Iraq has so far cleared $700 million of its financial debt for energy and all-natural gas imports from Iran, the point out-operate Young Journalists Club reported, citing Ardakanian.

Iran said it would “urgently resume fuel flows, which experienced been slashed lately immediately after specialized issues,” Iraq’s point out-operate newspaper Al-Sabah described Wednesday following the meetings.

On Monday, the National Iranian Gasoline Co. mentioned it was owed $5 billion for gasoline materials to Iraq and an additional $1 billion in penalties. Iran will also use the revenue to acquire necessary items, Ardakanian reported.

Iran and Iraq Achieve Deal to Release Trapped Electricity Payments

(Updates with figure paid out so significantly by Iraq to apparent electrical power debts)

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