By John Lee. Iraq has launched its first International Conference on Carbon Economics in Baghdad on Tuesday, themed "Carbon for Development." The event, organised by the Ministry of Environment in partnership with the General Company for Carbon Economics, brought together high-level participants from the Ministry of Oil, the Central Bank of Iraq (CBI), and international […]
By John Lee. The International Energy Agency (IEA) has issued its Gas Market Report, Q1-2025, in which it describes Iraq's progress towards reducing gas flaring as, "slow but steady." It says: "In the Middle East the role of natural gas in the power sector has been increasing in the past decade and oil-to-gas switching continued […]
By John Lee. Iraq has been named as the world's third biggest flarer of gas in 2023. According to the World Bank's Global Gas Flaring Tracker, the worst offender was Russia, followed by Iran, with Iraq in third place. The USA was in fourth place, followed by Venezuela and Algeria. The full report can be […]
By John Lee. Baker Hughes has signed a memorandum of understanding (MoU) with the Halfaya Gas Company (HGC), with the objective of setting the basis to establish a collaboration for a gas flaring reduction project at the Nahr Bin Umar [Nahr Ben Umar] gas processing plant in southeastern Iraq. The signing took place in Washington, […]
By John Lee. Iraq has signed a memorandum of understanding (MoU) with Siemens Energy and Schlumberger to invest in and cease flaring associated gas from oil fields. This effort aims to convert the gas into productive energy to supply power stations and the national grid. During the signing ceremony, Mr. Hayan Abdul Ghani, the Deputy […]
By John Lee. French tube maker Vallourec has signed a contract with TotalEnergies for the supply of casing and tubing and associated accessories for the first phase of the Gas Growth Integrated Project (GGIP) in Iraq. The GGIP includes the recovery of gas currently being flared in the Basra region to supply power plants, along […]
By John Lee. Iraq's Oil Minister, Hayan Abdul Ghani, has unveiled the draft of an investment project for the Nahr Bin Umar gas field in Basra Province. The project will be submitted for approval to the Ministerial Energy Council and later to the Cabinet. This announcement came during a meeting of the advisory body to […]
By John Lee. During a meeting with a delegation from General Electric Energy, Iraq's Deputy Prime Minister for Energy Affairs and Minister of Oil expressed the government's commitment to supporting fast-track energy solutions for harnessing associated gas and converting it into useful energy. This collaboration with reputable international companies is part of the ministry's initiatives. […]
By John Lee. India has reportedly started talks with Iraq regarding building facilities to liquefy natural gas that is currently flared, and transporting it as liquefied natural gas (LNG) to India. The Indian Express quotes an anonymous senior Indian official as saying, "we are exploring if our companies can set up plants in Iraq to […]
By John Lee. The US President has welcomed the finalization of Iraq's Gas Growth Integrated Project (GGIP) with French firm TotalEnergies. In a statement, the White House said the project is a major step towards energy self-sufficiency and meeting its climate goals. Full statement from the White House: We welcome the finalization of Iraq's unprecedented […]
By John Lee. The Kurdistan Regional Government (KRG) has taken a step towards reducing the environmental impact of waste gas and harnessing it to generate electricity from oil wells. One notable achievement is the Garmian power plant, a 165 MW station that utilises flare gas recovery from the Hasira oil wells to produce electricity. Completed […]
By Sara Manisera and Daniela Sala in Al Khora, for The Guardian. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's oil boom blamed for worsening water crisis in drought-hit south Pollution from gas flaring - the burning of natural gas associated with […]
