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النفط تقرر زيادة حصة المولدات السكنية من وقود الكاز
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IFC provides landmark loan to support gas flaring reduction in Iraq
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UAE s Masdar Inks Strategic Deal With Iraq for 2GW Solar Projects
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Masdar signs strategic deal with Iraq for 2GW solar projects
ABU DHABI, 14 hours, 51 minutes ago Masdar, a subsidiary of Mubadala Investment Company and one of the world’s leading renewable energy companies, has announced a strategic agreement with Iraq to develop solar photovoltaic (PV) projects in the country with a minimum total capacity of 2GW (gigawatts). Iraq, the second-largest oil producer in the Organisation of Petroleum Exporting Countries (Opec) group, is looking to increase the percentage of renewables in its total power production capacity by the end of this decade to address supply issues and meet climate objectives. Iraq, which this year ratified the Paris Agreement on climate change, enjoys some of the most attractive solar irradiation levels in the region.
AP Interview: Iraq oil minister says gas sector a priority
By SAMYA KULLAB June 12, 2021 GMT
BAGHDAD (AP) Iraq’s oil sector is rebounding after a catastrophic year triggered by the coronavirus pandemic, with key investment projects on the horizon, Iraq’s oil minister said Friday. But he also warned that an enduring bureaucratic culture of fear threatens to stand in the way.
Iraq is currently trading oil at $68 per barrel, close to the approximately $76 needed for the state to operate without reliance on the central bank to meet government expenditures.
Oil Minister Ihsan Abdul-Jabbar Ismail took over the unenviable job of supervising Iraq’s most vital industry at the height of an oil price crash that slashed oil revenues by more than half last year. Since then, he has had to balance domestic demands for more revenue to fund state coffers and pressure from OPEC to keep exports low to stabilize the global oil market.