Iran to Use Money From Iraq Gas Sale to Buy Virus Vaccine

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Iran to Use Money From Iraq Gas Sale to Buy Virus Vaccine



(Bloomberg) — Iran will use money from energy exports to Iraq to buy coronavirus vaccine from Europe, Energy Minister Reza Ardakanian said.



A glass medical vaccine vial in dry ice vapor in an arranged photograph in Wurzburg, Germany, on Wednesday, Nov. 18, 2020. Freezers required to store Covid-19 vaccines are in place at health systems that are preparing to administer the initial doses once the two leading candidates for shots receive a green light from regulators, U.S. health officials said Wednesday.


© Bloomberg
A glass medical vaccine vial in dry ice vapor in an arranged photograph in Wurzburg, Germany, on Wednesday, Nov. 18, 2020. Freezers required to store Covid-19 vaccines are in place at health systems that are preparing to administer the initial doses once the two leading candidates for shots receive a green light from regulators, U.S. health officials said Wednesday.

He made the statement following a visit to Baghdad after Iran reduced natural gas supplies to Iraq over unpaid bills, the state-run Islamic Republic News Agency reported. Iraq cleared a “considerable amount” of its debt for electricity purchases and part of the debt for natural gas imports from Iran, Ardakanian said.

On Monday, the National Iranian Gas Co. said it was owed $5 billion for gas supplies to Iraq and an additional $1 billion as penalties.

Iran will also use the money to buy essential goods, Ardakanian said.

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©2020 Bloomberg L.P.

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