Iraq gets renewed 120-day U.S. waiver for Iranian energy importsAfter years of failure to develop sufficient domestic energy supplies, Iraq still depends on unreliable imports from Iran that require special exemptions from U.S. sanctions.
BAGHDAD - The U.S. has granted Iraq another 120-day sanctions waiver enabling continued cross-border imports of energy from Iran without triggering penalties, as efforts intensify to revive the 2015 nuclear deal that would see some sanctions on Tehran lifted in exchange for limits on its nuclear program.
“The U.S. has granted a 120-day waiver to allow Iraq to pay for electricity imports from Iran,” said a State Department official in a written statement to Iraq Oil Report. “The Secretary [of State] has renewed the sanctions waiver for Iraq to engage in financial transactions related to the import of electricity from Iran. The waiver ensures that Iraq is able to meet its short-term energy needs while it takes steps to reduce its dependence on Iranian energy imports.”
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