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Iraq halts oil exports to Iran as new US sanctions begin

Iraq has announced that it will stop the export of oil to Iran from Kirkuk fields to abide by the new wave of US sanction on Iran imposed Nov. 5.
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Iraq's new Prime Minister Adel Abdul Mahdi has opted for the policy of his predecessor, Haider al-Abadi, by committing himself to the US sanctions on Iran. A few hours after he was sworn in, Abdul Mahdi stated Oct. 26 that when it comes to said sanctions, priority will be given to Iraq’s interests and independence.

Nevertheless, Iraq is seemingly incapable of doing without Iran, given their close bilateral economic ties. For this reason only, Iraq demanded that the United States allow the country to continue to import vital Iranian gas and energy supplies and food products. Washington consented Nov. 2, provided that payments not be made in US dollars. Oil exports from the Kirkuk field, however, are excluded. Iraq's new Oil Minister Thamer Ghadhban stressed that his country will “review” its current oil exports to Iran.

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