Iraq's Minister of Electricity, Ali Fadel, has stated that his country is currently in the process of finalizing a contract to purchase gas from Iran in the summer season. In a recent interview with Iraqi News Agency, Fadel emphasized that Iraq needs 35,000 megawatts to ensure 24-hour electricity supply during the summer season. Currently, Iraq's […]
By John Lee. The Iraqi Prime Minister has said that Iraq will achieve self-sufficiency in gas within three years. Speaking at the final signing ceremony of the contracts for the fifth licensing round on Tuesday, Mohammed Shia Al-Sudani said the cost of importing gas is up to 10 trillion dinars [$6.8 billion] annually. Iraq also […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will Iraq Finally Start To Use Its Natural Gas Reserves? It has long been a point of extreme contention with the U.S. that Iraq continues to rely on neighbouring - […]
Iraq's outstanding debts for the purchase of natural gas from Iran have been paid off, Iranian Oil Minister Javad Owji (pictured) said. Speaking to reporters on the sidelines of a weekly cabinet meeting on Wednesday, Owji said Iraq's outstanding debts for the purchase of gas from Iran during the previous and current Iranian year have […]
By John Lee. The CEO of Iran's National Gas Company has announced that negotiations have started regarding the continuation of gas supply to Iraq. According to Shana's report, quoting Majid Chegani, as saying that the first export contract to Baghdad will expire next year, and that the Iraqi side is applying for the extension of […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Pushes Key Gas Developments To Reduce Import Dependence On Iran Iraq is advancing some key associated gas projects at the Gharraf and Nassiriya oil fields. Click here to read […]
By John Lee. Iran has said it will increase supplies of gas to Iraq. At a meeting in Isfahan with senior officials of the Iraqi Ministry of Electricity, the Director of the National Iranian Gas Company (NIGC), Mohammad Reza Joulaei, confirmed the increase, adding, "our relationship with Iraq is a strategic relationship." He said that […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Data: GCC Electricity and Iraq's Reliance on Iran In connection with the recent Arab summit in Jeddah, Iraq and Saudi Arabia are forging ahead with efforts to connect their electricity grids. The […]
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq diversifies, expands sources of energy and electricity Iraq is looking to Arab partners to help expand energy production and imports to meet summer demand. Click here to read the full […]
By John Lee. The Iraqi Prime Minister has announced that the Ministry of Electricity is to be renamed the "Ministry of Electricity and Alternative Energy". At a press conference in Baghdad, Mustafa al-Kadhimi (pictured) said it is unreasonable to build gas power stations when there is not enough gas available, so the new ministry will […]
By John Lee. Iran has reduced its gas supply to Iraq by 5 million cubic meters per day, causing a reduction in electricity production, according to a statement on Wednesday from Iraq's Ministry of Electricity. The Iranian government had demanded payment of debts relating to gas supply, which AFP says totals $1.6 billion and dates […]
By John Lee Iraqi Prime Minister Mustafa al-Kadhimi has ordered that a working team from the Ministry of Electricity travel to Iran to solve problems related to the supplying of gas. At a meeting with the Electricity Ministry and senior officials on Sunday, there was discussion about the high electricity demand in summer, and how […]
