Iraq will continue importing electricity from Iran under an existing bilateral agreement, despite the US decision to revoke Iraq’s sanctions waiver for purchasing Iranian energy, Mostafa Rajabi, the CEO of Iran’s Tavanir Company, announced.
Rajabi confirmed that the current contract between Tehran and Baghdad remains in force, and Iraq will honor its commitments. He emphasized that Iran’s domestic electricity needs remain the priority, with exports to Iraq occurring during off-peak hours in line with contractual obligations.
He also revealed that Iraq has agreed to settle its overdue payments for electricity imports, with a portion already paid last month following bilateral talks.
Addressing concerns about US pressure on electricity exports to Turkey and Russia, Rajabi noted that negotiations with both countries are ongoing and are expected to produce results soon.
The announcement comes as Iraq faces increasing power shortages following Washington’s decision on Sunday to end the sanctions waiver that previously allowed Baghdad to import Iranian electricity without facing US penalties.
