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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.

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4 Dead, 30 Missing after Ferry Sinks on Way to Indonesia's Bali

Family members wait at Ketapang Port in East Java for updates on the search for missing people after a ferry sank on its way to the popular Indonesian resort island of Bali. STR / AFP
Family members wait at Ketapang Port in East Java for updates on the search for missing people after a ferry sank on its way to the popular Indonesian resort island of Bali. STR / AFP
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4 Dead, 30 Missing after Ferry Sinks on Way to Indonesia's Bali

Family members wait at Ketapang Port in East Java for updates on the search for missing people after a ferry sank on its way to the popular Indonesian resort island of Bali. STR / AFP
Family members wait at Ketapang Port in East Java for updates on the search for missing people after a ferry sank on its way to the popular Indonesian resort island of Bali. STR / AFP

At least four people were dead and dozens unaccounted for Thursday after a ferry sank in rough seas on its way to Indonesian resort island Bali, according to rescue authorities who said 31 survivors had been plucked from the water so far.

Rescuers were racing to find 30 people still missing at sea after the vessel carrying 65 passengers and crew sank before midnight on Wednesday as it sailed to the popular holiday destination from Indonesia's main island Java.

"The ferry tilted and immediately sank," survivor Eka Toniansyah told reporters at a Bali hospital.

"Most of the passengers were from Indonesia. I was with my father. My father is dead."

Indonesia's national search and rescue agency chief Mohammad Syafii told a news conference Thursday that 31 survivors had been found, AFP reported.

"Four people died, so 30 people are still being searched for," he said, adding the national agency sent a helicopter to help the effort.

President Prabowo Subianto, who was on a trip to Saudi Arabia, ordered an immediate emergency response, cabinet secretary Teddy Indra Wijaya said in a statement Thursday, adding the cause of the accident was "bad weather".

Java-based Surabaya search and rescue agency head Nanang Sigit, who had earlier put the total number of missing at 38, said efforts to reach the doomed vessel were initially hampered by adverse weather conditions.

Waves as high as 2.5 meters (8 feet) with "strong winds and strong currents" had affected the rescue operation, he said, adding conditions have since improved

A rescue team of at least 54 personnel including from the navy and police were dispatched along with inflatable rescue boats, he said, while a bigger vessel was later sent from Surabaya city to assist the search efforts.

Following currents

Nanang said rescuers would follow currents and expand the search area if there were still unaccounted for people by the end of the day.

"For today's search, we are still focusing on search above the water where initial victims were found," the Surabaya search and rescue chief said.

The ferry's manifest showed 53 passengers and 12 crew members, he said, but rescuers were still assessing if there were more people onboard than the manifest showed.

It is common in Indonesia for the actual number of passengers on a boat to differ from the manifest.

Frequent accidents

The ferry crossing from Ketapang port in Java's Banyuwangi regency to Bali's Gilimanuk port -- one of the busiest in Indonesia -- is around 5 kilometers (3 miles) as the crow flies and takes around one hour.

It is often used by people crossing between the islands by car.

Four of the known survivors saved themselves by using the ferry's lifeboat and were found in the water early Thursday, the Surabaya rescue agency said.

It said the ferry was also transporting 22 vehicles, including 14 trucks.

It was unclear if any foreigners were onboard when the ferry sank.

Marine accidents are a regular occurrence in Indonesia, a Southeast Asian archipelago of around 17,000 islands, in part due to lax safety standards and sometimes due to bad weather.

In March, a boat carrying 16 people capsized in rough waters off Bali, killing an Australian woman and injuring at least one other person.

A ferry carrying more than 800 people ran aground in shallow waters off East Nusa Tenggara province in 2022 and remained stuck for two days before being dislodged with no one hurt.

And in 2018, more than 150 people drowned when a ferry sank in one of the world's deepest lakes on Sumatra island.