Iraqi officials did not notify their US counterparts before reaching the recent deal to barter oil for natural gas with Iran, the Associated Press reported on 16 July, in a test of Iraqi Prime Minister Mohammed Shia al-Sudani’s independence from Washington.
The oil-and-gas deal signed this week will send 250,000 barrels of crude oil to Iran per day in exchange for Iranian natural gas, which Iraq depends on for some 40 percent of its electricity production.
The oil-and-gas deal signed this week will send 250,000 barrels of crude oil to Iran per day in exchange for Iranian natural gas, which Iraq depends on for some 40 percent of its electricity production.