(Bloomberg) — Iran will use income from its energy exports to Iraq to invest in coronavirus vaccines from Europe, Iranian Power Minister Reza Ardakanian explained.
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.
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.
(Updates with figure paid out so significantly by Iraq to apparent electrical power debts)
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