Iraq says in touch with US over paying for Iranian gas ...Saudi Arabia

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Iraq says in touch with US over paying for Iranian gas
source : ARAB NEWS ( Saudi Arabia ) () 21
BAGHDAD: Iraq’s prime minister said on Tuesday Baghdad is in contact with the United States on settling outstanding debts of $10 billion the country owes Iran for gas imports. Iranian gas is crucial for Iraq’s electricity generation, but US sanctions on Iranian oil and gas impose restrictions on how Baghdad can pay for its imports. Iraq cannot directly hand over cash to Iran, but payments must be held in a bank account and be used by Tehran to fund imports of food and medicines.

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