The US State Department Nov. 20 granted a 45-day waiver extension to Iraq allowing it to keep paying for electricity imports from Iran. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “The Secretary has renewed the sanctions waiver for Iraq to engage in financial transactions related to the import of electricity from Iran,” a State Department spokesperson said. “The waiver ensures that Iraq is able to meet its short-term energy needs while it takes steps to reduce its dependence on Iranian energy imports.” The prior 60-day waiver extension was due to expire on Nov. 22. Iraq depends on imports because of routine power shortages and its flaring of associated gas, which is bound by production limits as part of the country’s attempted adherence to OPEC+ cuts. The State Department has touted the waiver extensions as a sign of diplomatic success between […]