Highlights Previously, both signed a one-year agreement Iraq paid $400 mil, or half of cost of electricity supply US extends Iraq’s sanctions waiver for Iranian electricity on May 7 Tehran — Iran has signed a two-year agreement to export electricity to Iraq, Iranian state-run news agency IRNA reported on June 3, despite Baghdad having only received a 120-day extension to its waiver for the import of electricity from sanctions-hit Tehran. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Iranian electricity minister Reza Ardakanian, who visited Baghdad on June 3, told IRNA the contract used to be for a one-year period, but in his latest trip, both sides have agreed to sign a contract for the export of electricity in 2020 and 2021. He did not specify the amount of electricity to be exported to Iraq. Iraq has yet to confirm the signing of the agreement, […]