US grants Iraq 45-day waiver over Iran sanctions to import gas, electricity: US Embassy

An employee turns a valve at the Hammar Mushrif new Degassing Station Facilities site inside the Zubair oil and gas field, north of the southern Iraqi province of Basra. (File/AFP)
Updated 10 November 2018

US grants Iraq 45-day waiver over Iran sanctions to import gas, electricity: US Embassy

  • The current temporary waiver is conditional on Iraq not paying Iran for imports in US dollars
  • Iraq central bank officials said in August that the country’s economy is so closely linked to Iran that Baghdad would ask Washington for exemptions from some of the sanctions

BAGHDAD: Iraq can continue to import natural gas and energy supplies from Iran for a period of 45 days, the United States has said, several days after reimposing sanctions on Tehran’s oil sector.
“The United States has given Iraq a temporary relief from the sanctions for 45 days to continue purchasing natural gas and electricity from Iran,” the US Embassy in Iraq said in a video published on its official Facebook page on Thursday.
“This relief gives Iraq time to start taking steps toward energy independence,” the video said.
Iraq central bank officials said in August that the country’s economy is so closely linked to Iran that Baghdad would ask Washington for exemptions from some of the sanctions.
The current temporary waiver is conditional on Iraq not paying Iran for imports in US dollars.
Sanctions, which had been lifted under a 2015 nuclear deal negotiated by President Barack Obama’s administration and five other world powers, were reimposed on Nov 5.
They cover 50 Iranian banks and subsidiaries and more than 200 persons and vessels in its shipping sector, as well as targeting Tehran’s national airline, Iran Air, and more than 65 of its aircraft.


At Davos, innovative products point to a sustainable future

Updated 24 January 2020

At Davos, innovative products point to a sustainable future

  • A single tree that to bear 40 different types of apple

DAVOS: The World Economic Forum is not all about the fourth industrial revolution or the rise of AI.

You can also find all manner of strange and intriguing products on display from biodegradable plastic made from algae to wallpaper made from recycled corn husks.

One stand titled “How do you design a tree?” is part of a conservation effort where a single tree is designed to bear 40 different types of apple.

Another stand displays colored seaweed on a rack, showing how clothes can be dyed in a sustainable, non-chemically corrosive manner.

Propped along a large wall is Fernando Laposse’s wallpaper made of variations of purple corn husks that are reinforced with recycled cardboard and cork to create wallpaper and furniture. The husks come from corn that needs very little water and can be grown in the desert, which makes it all the more sustainable.

“This initiative helps the local economy as it brings in jobs and a resurgence of crafts and food traditions while also ensuring sustainability,” Laposse said.

Another display shows a machine that extracts pellets from a mixture of algae and starch and is used to create a thread that is the base of 3D printing. These sustainable, biodegradable plastics made from algae are being experimented with in different regions.

With the rise of deep fakes — a branch of synthetic media in which a person in an existing image or video is replaced with someone else’s likeness — another stand delivers a warning on the looming dangers of unregulated software.

The Davos forum prides itself on its sustainability, and key topics have included climate, mobility, energy and the circular economy. Everything is recyclable, and participants must download an application in order to keep up with the program and any changes — a move to cut down on paper waste.