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FRANK26: "THE IQD EXCHANGE RATE... FREED FROM IRANIAN SHACKLES!!!".......F26
Iraq Freed from "Iranian Shackles" as Al-Sudani Visits Basra to Follow Up on Gulf Gas Import Project
3/15/2025
- Basra
Prime Minister Mohammed Shia al-Sudani will arrive in Basra Governorate tomorrow, Sunday (March 16, 2025), to follow up on the work of the floating gas pipeline project, in a crucial step to secure the country’s energy needs after the expiration of the US waiver for importing Iranian gas.
Ali Al-Mashkoor, a member of the Oil, Gas and Natural Resources Committee and representative of Basra Governorate, revealed in a statement to Baghdad Today on Saturday (March 15, 2025), that “the Ministry of Oil began working on the project 30 days ago, and is proceeding at an accelerated pace to complete it within 120 days, with the completion rate so far reaching more than 33%.”
He added, "Iraq is moving towards contracting with Qatar and the Sultanate of Oman to import 200 cubic meters of dry gas," noting that "the Ministry of Oil has begun constructing a pipeline extending from the Khor al-Zubair docks to the Shatt al-Basra Regulator, 40 km long and 42 inches in diameter, in accordance with international standards."
He stressed that "the project is being implemented by purely Iraqi hands, including national effort cadres from the Oil Projects Company, which enhances Iraq's ability to implement strategic projects on its own."
He stressed that "the directives of Oil Minister Hayan Abdul Ghani call for expediting implementation to ensure the pipeline's readiness before the summer season, which witnesses a sharp increase in demand for electricity."
Iraq has long relied heavily on Iranian gas to power its power plants, importing approximately 40% of its energy needs.
However, this reliance has made Iraq vulnerable to political pressures and fluctuations resulting from US sanctions on Iran, which require periodic waivers from Washington to allow continued gas flow.
On March 8, the US waiver expired, meaning Iraq is no longer officially able to import gas from Iran without facing legal and economic consequences.
With the arrival of summer, when electricity demand peaks, urgent action was needed to find alternatives that would stable energy supplies.
According to experts, this project falls within the Iraqi government's vision to enhance energy security and reduce waste in the oil and gas sector. It also aims to create local job opportunities through Iraqi-led project implementation, thereby enhancing the country's energy independence.
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