Despite the extraordinary challenges of war in recent years, Iraq has made impressive gains, nearly doubling the country’s oil production over the past decade. But the turmoil has also undermined the country’s ability to maintain and invest in its power infrastructure. This report maps out immed
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Baghdad, December 10, 2018 – In the framework of the financing agreement signed yesterday by the Government of Iraq (GoI) and the European Union (EU) committing €14 million (US$15.8
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Jafar predicted that there may still be a 2 billion cubic feet deficit per day, which could require imports unless exploration efforts are increased in Iraq. The goal should be providing 24-hour electricity for Iraqi citizens, which is
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Despite the extraordinary challenges of war in recent years, Iraq has made impressive gains, nearly doubling the country''s oil production over the past decade. But the turmoil has also undermined the country''s ability to maintain
The strong finish to the year brought Iraq''s daily production average for 2021 up to 4.197 million bpd, above the 2020 average of 4.108 million bpd, but well below the annual record of 4.766
Subscribe to Newsletter Energy-Storage.news meets the Long Duration Energy Storage Council Editor Andy Colthorpe speaks with Long Duration Energy Storage Council director of markets
Rystad Energy estimates Iraq''s actual ability to cut more barrels is limited to between 300 000 and 500 000 bpd. If Kurdistan doesn''t "hand over the barrels", Iraq will be forced to hatch a new plan and look at other fields that
Iraq has struck a major deal with France''s TotalEnergies company, bringing in $27 billion in foreign investment to build up natural resource development and electricity supply. Iraq has long desired greater foreign direct
BAGHDAD (AP) — A multibillion-dollar agreement signed with France''s TotalEnergies could help resolve Iraq''s longstanding electricity crisis, attract international investors and reduce its reliance on gas imports from
Despite the extraordinary challenges of war in recent years, Iraq has made impressive gains, nearly doubling the country’s oil production over the past decade. But the turmoil has also undermined the country’s ability to maintain and invest in its power infrastructure.
Foreign help is not enough to fix energy issues, domestic reform is necessary. This past July, Iraq and France’s TotalEnergies finalized the Gas Growth Integrated Project, a $27 billion energy deal aimed at Iraq’s natural resources and improving the country’s electricity supply.
As a major producer, Iraq’s electricity sector is almost entirely dependent on fossil fuels, which account for more than 80% of power generation. Despite its vast energy resources, the performance of the country’s power sector is sub-optimal.
Part of Iraq’s nation-building strategy is ensuring greater access to electricity, and Baghdad sees nuclear power as an attractive way to address this challenge. The proposed eight-reactor plan would provide the country with a steady 11 gigawatts of power, bridging the gap between supply and demand even during the hottest part of the year.
However the capacity to capture and process this gas has not kept pace. The inability to utilise its gas riches means that the country's gas deficit has grown, and Iraq now relies on imports from Iran to meet increasing demand. This has introduced a number of vulnerabilities to Iraq’s energy system.
The goal should be providing 24-hour electricity for Iraqi citizens, which is critical for stability and economic development. Once the power needs are fulfilled, the priority is to use gas for industrial development and job creation, with any surpluses being exported.
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