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IRAQ

Iraq’s next crisis is over the climate – EQ Mag

June 5, 2023

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The country is running out of water – and a polluted Tigris makes things even worse To visit Kurdistan in springtime is to suckle one’s soul and senses with wildflowers and fresh fruit. The land is alive with flowers: the yellow of wild mustard, the pink of bindweed, the red poppies as well as the […]

Lebanon, Jordan, and Syria reach electricity deal

IRAQ

Iraq’s new Karbala refinery to produce 200 MW of electricity – EQ Mag

April 6, 2023

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The refinery will add 60 MW to the local power grid Iraq’s Karbala oil refinery will produce 200 megawatts (MW) of electricity and contribute 60 MW to the national grid, Oil Minister Hayan Abdul-Ghani told Iraqi News Agency. Prime Minister Mohammed Shia Al-Sudani inaugurated the refinery with a production capacity of 140,000 barrels per day […]

IRAQ

Iraq’s 3-year budget includes power projects – EQ Mag

April 6, 2023

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Parliament asked to ratify budget Iraq’s three-year budget which awaits Parliament approval includes large allocations for power projects as part of a post-war strategy to end persistent electricity shortages, a government spokesman was quoted on Tuesday as saying. Bassim Al-Awadi said Parliament needs to urgently ratify the budget to allow the government to embark on […]

IRAQ

Iraq’s Ministry of Electricity signs MoU with Siemens Energy – EQ Mag

January 16, 2023

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Berlin : A Memorandum of Understanding (MoU) was signed between the Iraqi Ministry of Electricity and Siemens in Berlin. The event happened during Iraqi Prime Minister Mohammed Al-Sudani’s official visit to Germany. Ziyad Ali Fadel, the Iraqi Minister of Electricity, and Christian Bruch, the CEO of Siemens Energy, signed the MoU. The agreement included a […]

IRAQ

‘Iraq’s electricity link with Jordan to enter service by June 2023’ – EQ Mag Pro

October 12, 2022

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Iraqi PM confirms project timeline Iraq’s Prime Minister Mustafa Al-Kadhimi has confirmed that the electricity connection line with Jordan will enter service in June 2023 “We worked on a comprehensive strategy and achieved several projects in the field of electricity,” state-owned Iraqi News Agency (INA) reported, citing a tweet by the prime minister. After that, […]

IRAQ

Iraq’s political stalemate pushes climate action to backseat – EQ Mag Pro

September 17, 2022

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A political crisis has left Iraq without a functional government and unable to act on worsening climate change impacts Iraq’s people on the frontline of a warming planet Oil revenue could fund adaptation measures, analysts say But political stalemate puts action, investments on hold BEIRUT : Thousands of years ago, the fertile lands between the […]

IRAQ

Iraq’s Electricity Sector Enters State Of Emergency – EQ Mag Pro

August 6, 2022

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Iraq’s Ministry of Electricity has announced a state of emergency for ten days from 2 August as temperatures in the south of the country rise to 50°C and beyond. The political crisis is heating up alongside rising temperatures (see p10), as Iraqis blame mismanagement and corruption for poor public services. Many provinces have announced public […]

IRAQ

Iraq’s Basra Oil Acquires ExxonMobil’s Stake in West Qurna 1 – EQ Mag Pro

June 25, 2022

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The Iraqi government has agreed to buy out ExxonMobil’s 32.7% stake in the southern West Qurna 1 oil field, with state-owned Basra Oil Company acquiring the largest share in what is touted as one of the world’s largest oil fields with recoverable reserves estimated to exceed 20 billion bbl. Iraq’s Oil Minister and head of […]

IRAQ

Crude falls; Iraq’s April oil export rises; EU leans toward Russian oil ban – EQ Mag Pro

May 7, 2022

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RIYADH: Oil prices fell on Monday in holiday-sapped trade in Asia as concerns about slowing economic growth in China, the world’s top oil importer, outweighed fears of potential supply disruptions from a looming EU ban on Russian crude. Brent crude futures fell $1.21, or 1.1 percent, to $105.93 a barrel at 0205 GMT, while US […]

IRAQ

Iraq’s start-ups herald an economic shake-up as the ‘winds of change’ begin – EQ Mag Pro

March 30, 2022

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The new entrants to tech sector raised $7m in 2021, up 162% year-on-year, through seven deals, Magnitt data shows Tech start-ups in Iraq — led by ambitious young men and women — are seeking to attract more foreign investment, supercharge the private sector and help reduce the country’s reliance on oil revenue despite operating in […]

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