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International Business Times
International Business Times
World

US Ends Waiver For Iraq To Buy Iranian Electricity

Despite having immense oil and gas reserves, Iraq remains dependent on imports to meet its energy needs (Credit: AFP)

Washington has declined to renew a sanctions waiver that allowed Iraq to buy electricity from neighbouring Iran, a spokesperson for the American embassy in Baghdad said on Sunday.

Despite having immense oil and gas reserves, Iraq remains dependent on imports to meet its energy needs, and Iran supplies a third of the country's gas and electricity.

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