logo
Iraq's Oil Marketing Organization announces new Director General

Iraq's Oil Marketing Organization announces new Director General

Iraq Business04-03-2025

By John Lee.
Iraq's State Oil Marketing Organization (SOMO) has announced Ali Nizar Fayeq al-Shatari as its next Director General.
He succeeds Khudhyer Abbas Abed, who has held the role for less than a year.
Originally qualified as a chemical engineer from the University of Baghdad, Al-Shatari completed an MSc in Energy Economics and Policy at the University of Surrey in UK.
He has held a variety of positions within SOMO.
Click here to view al-Shatari's resume (Arabic).
(Source: SOMO) Tags: featured, State Oil Marketing Organization (SOMO), United Kingdom

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Iraq Expands Gas Projects to Curb Flaring
Iraq Expands Gas Projects to Curb Flaring

Iraq Business

time20 hours ago

  • Iraq Business

Iraq Expands Gas Projects to Curb Flaring

By John Lee. As part of Iraq's government-backed gas development programme, the Ministry of Oil has reported significant progress in reducing gas flaring and increasing gas utilisation. It says the Ministry has raised associated gas capture from 53% to 70%, and dry gas production from 1,300 to 1,800 million standard cubic feet per day (mmscfd). Key projects already completed or underway include: The government aims to end routine flaring by 2028 and increase gas output to 3,000 mmscfd by 2030, aligning with Iraq's environmental commitments under the 2016 Paris Agreement. In liquefied petroleum gas (LPG), production rose from 2 million tonnes in 2024 to 3 million tonnes in 2025. Exports also surged from 250,000 tonnes in 2023 to 1 million tonnes in 2025. LPG systems were installed in over 41,000 homes and more than 38,000 vehicles. To expand storage capacity, the Ministry completed 8 of 16 spherical LPG tanks, each with a 3,000-cubic-metre capacity, adding 24,000 cubic metres overall. The Ministry reiterated its commitment to maximise national resource utilisation, enhance electricity supply, and boost petrochemical production. Gas field contracts under the 5th and 6th licensing rounds have been awarded to international companies, alongside dozens of investment agreements to develop both associated and free gas resources. (Source: Ministry of Oil) Tags: Akkas, Artawi, ArtawiGas25, Basra Gas Company, Basra News, BGC, carbon emissions, cg, Faihaa, featured, Garraf, gas capture, gas flaring, gas production, Gharaf, Gharraf, HaLFAYA, LPG, Nassiriyah, Paris Agreement, Ratawi, TotalEnergies

Iraq Prepares 97 Industrial and Agricultural Projects
Iraq Prepares 97 Industrial and Agricultural Projects

Iraq Business

time20 hours ago

  • Iraq Business

Iraq Prepares 97 Industrial and Agricultural Projects

By John Lee. As part of preparations for the Iraq Investment Forum, scheduled for 14-15 June in Baghdad, the Operations Room of the National Investment Commission (NIC) held an extensive meeting to review investment opportunities submitted by the Ministries of Industry and Minerals and of Agriculture. 97 Strategic Opportunities The review covered 97 industrial investment opportunities worth an estimated 4 trillion Iraqi dinars. These include: Rehabilitation and development of public sector companies into profitable entities via strategic partnerships with the private sector. Establishment and expansion of industrial and economic cities. Projects in petrochemicals and fertilisers. 21 targeted opportunities in heavy and medium industries. In the agricultural sector, promising investment opportunities include: Crop and livestock production. Modern irrigation systems. Agricultural mechanisation. Development of food processing and packaging complexes, supporting food security and value-added outputs. The NIC emphasised the importance of aligning the national investment map with state priorities in productive sectors and food and industrial security. The Commission called for streamlined investor procedures in coordination with relevant ministries to ensure the readiness of projects before their presentation at the forum. The meeting was attended by members of the NIC Operations Room, representatives from the Iraqi Economic Council, and officials from the sectoral ministries. (Source: NIC)

Esyasoft, ZK Holding sign MoU on Iraq Energy
Esyasoft, ZK Holding sign MoU on Iraq Energy

Iraq Business

time2 days ago

  • Iraq Business

Esyasoft, ZK Holding sign MoU on Iraq Energy

By John Lee. Esyasoft Holding has signed a Memorandum of Understanding (MoU) with Abu Dhabi-based investment company ZK Holding Group, with the aim of "transforming Iraq into a regional hub for sustainable energy through cutting-edge innovation and cross-border collaboration." The agreement was signed by Abdul Karim Sawan, Vice President of International Business at Esyasoft, and Ahmed Muhsin, Chief Commercial Officer of ZK Holding. Key goals of the partnership include: Revolutionising Iraq's energy infrastructure; Innovating in solar energy, AI-powered smart grids, and energy storage; Enhancing technical capabilities and attracting sustainable investments and stimulate long-term economic growth. The partners aim to position Iraq as a regional hub for clean energy and innovation through strategic collaboration and technology deployment. (Source: Esyasoft)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store