Iraq’s oil-for-gas barter deal with Iran “will begin with fuel oil as a first stage,” Iraqi PM Mohammed al-Sudani said on 2 August. With the deal now seemingly aimed at financing this year’s gas imports rather than paying down debts, precise volumes will depend on the volume of Iranian gas supplied.
The provisional deal was announced last month (MEES, 14 July), and Mr Sudani’s comments put to rest the near-term prospect of Iran receiving Iraqi crude under the mechanism. (CONTINUED - 1110 WORDS)
