Tehran Receives $1.6 Bln in Gas Debt from Iraq

(Asharq Al-Awsat)
(Asharq Al-Awsat)
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Tehran Receives $1.6 Bln in Gas Debt from Iraq

(Asharq Al-Awsat)
(Asharq Al-Awsat)

Iran said on Thursday it has received $1.6 billion from Iraq to settle part of the debts it has sought from its neighbor since 2020 for the supply of gas.

“In light of the active energy diplomacy, and after months of negotiations, $1.6 billion in arrears... for gas exports to Iraq have been received,” Iranian Oil Minister Javad Owji tweeted, Tasnim news agency reported.

“Since the beginning of the year, compared to 2021, the country's gas export volume has increased by 25% and the collection of revenues has also increased by 90%,” Owji added. The Iranian new year begins on March 21.

Iraq’s Electricity Ministry spokesman Ahmed Moussa said the government has started paying off its debts for gas imports from Iran by borrowing from the Trade Bank of Iraq, adding that the Ministry of Finance deposited the money in the Credit Fund.

“We are still relying on Emergency Support Law to repay our dues,” Tasnim quoted Moussa as saying.

Baghdad had been scheduled to pay that amount to Tehran before June.

The debt dates back to 2020, but payment was stalled amid sanctions against Iran by the United States.

Iran’s deputy oil minister, Majid Chegeni, said last month that an agreement had been reached with Iraq for it to pay $1.6 billion in arrears by the end of May.

Despite its immense oil and gas reserves, Iraq remains dependent on imports to meet energy needs.

Iran provides a third of Iraq’s gas and electricity needs, but supplies are regularly cut or reduced, aggravating shortages caused by daily load shedding.

Separately, Iranian state news agency IRNA reported on Thursday that Iranian authorities have seized a vessel carrying 90,000 liters of smuggled fuel in the waters around Kish Island in the Gulf.

The captain and five other crew members were issued with criminal warrants and have been detained, IRNA added.

Iran, which has some of the world’s cheapest fuel prices due to heavy subsidies and the fall of its currency, has been fighting rampant fuel smuggling by land to neighboring states and by sea to Gulf Arab countries.



Death Toll from US Winter Storms Grows to 14

HYDEN, KENTUCKY - FEBRUARY 17: A flooded road that leads to a neighborhood is seen on February 17, 2025 in Hyden, Kentucky. (Photo by Jon Cherry / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
HYDEN, KENTUCKY - FEBRUARY 17: A flooded road that leads to a neighborhood is seen on February 17, 2025 in Hyden, Kentucky. (Photo by Jon Cherry / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
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Death Toll from US Winter Storms Grows to 14

HYDEN, KENTUCKY - FEBRUARY 17: A flooded road that leads to a neighborhood is seen on February 17, 2025 in Hyden, Kentucky. (Photo by Jon Cherry / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
HYDEN, KENTUCKY - FEBRUARY 17: A flooded road that leads to a neighborhood is seen on February 17, 2025 in Hyden, Kentucky. (Photo by Jon Cherry / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

The death toll from powerful winter storms in the central and eastern United States has risen to at least 14, officials said Monday, after floods, gale-force winds and bitterly cold temperatures swept the region.

The National Weather Service (NWS) warned on Monday of a winter storm system carrying arctic air that would cause "record cold," with wind chill expected to hit as low as -60 degrees Fahrenheit (-51 degrees Celsius) in Montana and North Dakota.

"I've got more tough news. The death toll in Kentucky has now risen to 12," said Kentucky Governor Andy Beshear in a social media post on Monday, raising the toll from eight a day earlier.

West Virginia Governor Patrick Morrisey said on Monday his state had also seen at least one death from the weather, AFP reported.

"We have one confirmed fatality at this time," he told a press briefing, warning that further flooding was expected. "There are still several people who are missing."

In addition, one person died in the southern city of Atlanta, Georgia. The victim was killed when an "extremely large" tree fell on his house early Sunday, fire official Scott Powell told local media.

Most of the dead in Kentucky, Beshear said in an earlier news conference, drowned when trapped in their vehicles by fast-rising floodwaters. The victims included a mother and her child.

The governor urged people to stay off roads across the state, where local and federal authorities have declared a state of emergency.

Beshear said more than 1,000 people had been rescued by first responders within 24 hours.

In its Monday advisory, the NWS warned that the cold weather system would impact a vast area, sending temperatures tumbling in the central plains, the eastern seaboard and as far south as the Gulf coast.

"A bitter cold arctic airmass is expected to continue impacting the north-central US while also spreading further south and east over the next few days," the advisory said.

Power to thousands of homes had been restored by Monday, but more than 50,000 customers remained without electricity in the states of West Virginia, Pennsylvania and Maryland, according to monitoring website poweroutage.us.