Kuwait/ Iraq TradeLink: Kuwaiti Oil, Electricity and Water Minister Isam al-Marzouq disclosed that Kuwait is studying a project to provide Iraq with electricity for importing Iraqi gas.
According to official Kuwait statement, it was decided that Kuwait will import 50 million cubic feet of gas daily (1.4 million cubic meters) as a start to reach 200 million cubic feet daily (5.6 million cubic meters).
In a press statement, the minister added that the surplus in Kuwaiti electricity will reach 3000 M/W, which will enable Kuwait to export it.
"There is a plan to provide Iraq with electricity vis-a-vis Iraqi gas to operate power stations and desalination station in the northern part of the country", he elaborated.
It seems that the cut off of the Iranian electricity supply to Iraq, due to increasing debts on Iraq, stirred this idea at the Kuwaiti side, some observers believe.
The Iranian authorities announced that the return of the electricity supply to Iraq will be governed by the payment of 1.2 billion dollars of electricity debts.
In 2010, Iraq and Kuwait decided to exploit the border oilfields, but no final touches were reached.
The previous government of Saddam Hussein charged Kuwait of stealing Iraqi bordering oilfield that led to the Iraqi invasion in 1990.
Source: Iraq TradeLink