The US Energy Information Administration announced on Tuesday that Iraq’s oil exports to the United States had reached approximately 46 million barrels during the first quarter of 2023. According to a table published by the administration, “Iraq’s exports of crude oil and its products to the United States during the …
Read More »TotalEnergies to Complete Energy Projects in Iraq by 2029
The Director General for Studies and Planning at the Iraqi Oil Ministry, Naseer Aziz Jabbar, explained on Monday that energy projects carried out by TotalEnergies in Iraq will be completed in 2028 and 2029, the Iraqi News Agency (INA) reported. TotalEnergies signed last week a $27 billion energy deal expected …
Read More »Iraq to Award Contract for 700 MW Solar Power Plant
OPEC oil producer Iraq intends to award a new project for the construction of a solar power plant with a generation capacity of 700 megawatts, the country’s Electricity Minister Ziyad Ali Fadel was quoted as saying on Friday by Baghdad Al-Yaum news agency. The minister noted that the Cabinet would …
Read More »Iraq’s Oil Production could Face Challenges as Barter Deal with Iran Raises Concerns
Iraq’s oil production may be impacted by a recent agreement to pay for Iranian gas imports through a barter deal involving fuel oil and crude oil from Baghdad, according to a state oil marketing company SOMO source. Iraqi Prime Minister Muhammad al-Sudani announced the deal to solve difficulties in paying …
Read More »Iraq Takes First Step towards Becoming the World’s Biggest Oil Producer
Iraq’s parliamentary oil and gas committee plans to increase the country’s oil production to more than five million barrels per day, according to the release of committee minutes last week. As analysed in full in my new book on the new global oil market order, not only could this be …
Read More »Iraq to Trade Crude Oil for Iranian Gas to Resolve Power Debt
Iraq will begin trading crude oil for Iranian gas to end the recurring issue of payment delays to Tehran due to the need for US approval, Iraqi Prime Minister Mohammed Shia Sudani said on Tuesday (July 11). He said Iran had cut gas exports to Iraq by more than 50% …
Read More »India Explores Building Liquefaction Units in Iraq to Convert Flared Gas into LNG
India has initiated exploratory talks with Iraq to assess the possibility of building facilities to liquefy natural gas that is flared at the West Asian country’s oil and gas facilities, and transporting it as liquefied natural gas (LNG) to India, a senior government official said. The proposal came up during …
Read More »Iraq, TotalEnergies Sign $27 bln Energy Deal
Iraq and French oil major TotalEnergies has signed a long-delayed $27 billion energy deal that aims increase oil production and boost the country’s capacity to produce power with four oil, gas and renewables projects. The deal had been signed in 2021, with an initial investment of $10 billion in southern …
Read More »Iraq Plans to Boost Gas Output by 1.5bn cu ft in Five Years
Iraq plans to boost its gas output by 1,500 million cubic feet over the next five years, through its recent initiative to licence exploration operations across 10 oil and gas fields in west Iraq and 13 sites on the country’s western border, stated the Minister of Oil Hayan Abdulghani. Abdulghani …
Read More »Iran’s Natural Gas Exports Surge, Iraq Remains a Key Market
Iran’s natural gas exports to Iraq exceeded 9 billion cubic meters in 2022, according to the International Energy Institute. In a report released today, the official Iranian news agency IRNA stated that the country’s natural gas exports reached approximately 19 billion cubic meters last year, representing a growth rate of …
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