Iraq to open euro account to secure its energy debts to Iran: Ardakanian

Tehran (ISNA) – Iran’s Energy Minister, Reza Ardakanian announced on Wednesday that a euro account is to be opened in Baghdad in the coming days to pave the way for settling all Iraq’s gas and electricity debts to Iran.

Speaking on the sidelines of the weekly cabinet meeting, Ardakanian said, “Based on an agreement which is going to be implemented in the coming days, Iraq is going to open a euro account in which the country’s debts to National Iranian Gas Company (NIGC) and the Power Generation, Distribution, and Transmission Company (known as Tavanir) will be saved”.

“Previous and the recent debts of Iraq to Iran will be changed to Euros and will be deposited in the account and this account can be used for providing medicine and basic goods for Iran,” he added.

Noting that payment of 700 million dollars of the debts is almost finalized, Ardakanian added that the same account can be used for Iraq’s debts to Iranian private sector.

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