Iraq Plans Gas Import Terminals Amid Tighter U.S. Sanctions on Iran

Iraq Plans Gas Import Terminals Amid Tighter U.S. Sanctions on Iran

Iraq is negotiating the procurement of two floating regasification terminals as it seeks to replace gas supply from Iran with alternatives amid a renewed U.S. sanction push against Tehran. Bloomberg reports that the government in Baghdad was seeking to cover up to 50% of domestic gas demand during peak times, with the rest coming from local gas production. The regasification terminals will be installed at the port of Basra, according to oil mini…

March 24, 2025 Baghdad/Al-Masala: Oil Minister Hayan Abdul-Ghani revealed on Sunday that Iranian oil tankers... The article Iranian commercial oil tankers used forged Iraqi documents to evade sanctions first appeared on Al-Masala.

Iraq Seeks Floating Gas Terminals to Bridge Power Gap

Iraq is in talks with several companies to secure two floating storage regasification units by early June, as OPEC's second-biggest producer tries to address power shortages caused by a U.S. move against Iran.

In a short time, Iran lost control of two of its neighboring countries. Now it is poised for a third.

Iraq grapples with power shortages and Iran sanctions as summer looms

The expiration of a U.S. sanctions waiver on Iranian electricity imports is complicating Baghdad's balancing act between Tehran and Washington, while the government scrambles for power supply ahead of peak demand season.