US Shortens Waiver; Time for Iraq to Import Iranian Electricity

“The secretary granted this brief extension of the waiver to allow time for the formation of a credible government,” a state department official said, referring to Mike Pompeo, and added that the waiver would expire on May 26, Reuters reported. Washington has repeatedly extended the exemption for Baghdad to use crucial Iranian energy supplies for its power grid, for periods of 90 or 120 days. The United States has insisted that oil-rich Iraq, OPEC’s second-largest producer, move towards energy self-sufficiency as a condition for its exemption for importing Iranian energy. Earlier this month, Iraq’s president named intelligence chief Mustafa al-Kadhimi as prime minister-designate, the third person tapped to lead Iraq in just 10 weeks as it struggles to replace a government that fell last year after months of deadly protests. “Once that government is in place, the secretary will reassess whether to renew the waiver and for how long,” the state department official said. Ties between Washington and Baghdad have been strained as the US said it was disappointed that Iraqi forces had failed to protect US forces stationed in Iraq. They have come under multiple rocket attacks this year alone. source: Financial Tribune

US Shortens Waiver; Time for Iraq to Import Iranian Electricity

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