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Energy in Iraq

  • Kurds to support oil companies in Iraq with regular payments

    IRAQ, 2015/08/30 A move to issue regular payments to oil companies operating in the Kurdish north of Iraq should help them endure the market downturn, the government said. The Ministry of Natural Resources of the semiautonomous Kurdish government said it would issue the initial batch of regular payments to oil companies by the middle of next month. The decision came next a Kurdish oil council approved the allocation of between $75 million and $100 million of the revenue generated from direct oil sales. The Kurdish government said it recognized that international oil companies are struggling to maintain normal operations because of the lack of payments during a depressed oil economy.

  • Work on Iraq-Jordan pipeline to start end of January

    JORDAN, 2014/01/03 The Iraqi government agreed to build all the projected oil pipeline that will carry oil from southern city of Basra in Iraq to the Port of Aqaba, Prime Minister Abdullah Ensour told lawmakers. According to Ensour, who was speaking at a Lower Home conference, the Iraqi side has the blueprints in place and will start implementation by the end of January. The agreement was reached during the premier's visit last week to Baghdad, heading a delegation comprising several ministers and top officials.

  • Iran's energy sector currently exports to 20 nations,

    IRAN, 2013/12/13 Iran plans to increase its electricity exports to neighboring Iraq by 500 megawatt hours, Iranian Energy Minister Hamid Chitchian said. "We have had good negotiations with Iraqi officials," Chitchian said. "Boosting electricity exports and a additional active presence of Iranian companies in Iraq's water and electricity projects were part the major agreements," he explained. The minister went on to note that Iran's energy sector currently exports to 20 nations, adding that the exports include technical and engineering services, inclunding equipment.

  • Energy Minister Ashti Hawrami

    IRAQ, 2013/01/01 Iraqi Kurdistan aims to increase lift oil production to 2 million barrels per day (bpd) by 2019 and wants companies to build pipelines so the fuel can reach foreign markets, Energy Minister Ashti Hawrami said on Tuesday. The semi-autonomous region expects output to reach 1 million bpd by 2015, Hawrami told a panel at a World Economic Forum conference in Istanbul, but did not say which companies or projects would help it achieve those targets.
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