The eighth round of talks between six major countries and Iran on reviving the 2015 nuclear accord, known as the Joint Comprehensive Plan of Action (JCPOA), resumed in Vienna on Monday.
Talks between world powers and Iran on reviving the 2015 nuclear deal is set to resume in Vienna, Austria on Monday. While global attention mainly focuses on the nuclear agreement, results from the talks may also have implications for global crude supplies in the future. As the US and other economies face high crude prices and surging inflation, there is also expectation that the talks should result in the US’ lifting of unilateral sanctions against Iran.
WORLD / CROSS-BORDERS By Reuters Published: Dec 30, 2020 09:08 PM Iran will resume normal gas flows to Iraq on Wednesday after reaching an agreement with Iraq on Tuesday over unpaid bills, a spokesman for Iraqi electricity ministry said.
Iran s state gas company said on Monday it had cut supplies to neighboring Iraq over arrears of more than $6 billion. The Iraqi electricity ministry said the cuts placed Baghdad and other cities at risk of serious power shortages.
The Mahshahr Petrochemical Complex is seen in the city of Mahshar in the Khuzestan province in southwestern Iran on September 28, 2011. Photo: VCG
An agreement was reached during a meeting between Iranian Energy Minister Reza Ardakanian, who is visiting Baghdad, and Iraqi counterpart Majid Mahdi to resume normal gas flow rates as of Wednesday evening, spokesman Ahmed Moussa told Reuters.