Latest news with #Al-Sawad
Sharjah 24
6 days ago
- Business
- Sharjah 24
Banias Pipeline back on the table in Iraq-Syria energy talks
Formation of joint committee The two sides decided to establish a joint committee to inspect the condition of the pipeline and evaluate the feasibility of resuming operations. They also proposed involving an international consultant to assess the pipeline's operational readiness, pumping systems, and overall rehabilitation requirements. Expanding Iraq's export routes According to a statement from the Iraqi Ministry of Oil, reported by the Iraqi News Agency, Al-Sawad highlighted Iraq's progress in gas investment and refining. He said Iraq aims to enhance export capacities through southern ports, resume exports via the Turkish pipeline to the port of Ceyhan, and consider proposals to utilize the Syrian Banias and Lebanese Tripoli pipelines. Basra–Haditha pipeline project Al-Sawad also discussed the Basra–Haditha pipeline project, which is expected to handle 2.25 million barrels. This pipeline will help ensure stable export volumes, potentially using the Syrian route as one of its outlets.
Iraqi News
7 days ago
- Business
- Iraqi News
Iraq studies oil export routes via Syria and Lebanon after meeting with Syrian minister
Baghdad ( – Iraq's Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani Al-Sawad, announced today, Tuesday (August 12, 2025), that Iraq is studying proposals to export oil through the Baniyas pipeline in Syria and the Tripoli pipeline in Lebanon. The announcement came following a meeting with his Syrian counterpart, Mohammed Bashir, to discuss cooperation in the oil, gas, and energy sectors. According to a statement from the Ministry of Oil, Al-Sawad emphasized the deep historical ties between the two nations and the importance of continued cooperation. He highlighted Iraq's plans to diversify its crude oil export outlets in light of increased production capacities and the need for greater flexibility in export operations. The discussion focused on the Iraq-Syria oil export pipeline, which was a key export route in previous decades, and the importance of either renewing or rehabilitating it. Al-Sawad added that Iraq has achieved significant milestones in gas investment and oil refining and is working to increase export capacities from its southern ports and resume exports via the Turkish pipeline to the Ceyhan port. He also mentioned that the Basra-Haditha pipeline project, with a capacity of 2.25 million barrels per day (BPD), would secure export quantities through the aforementioned outlets and supply crude oil to Iraqi refineries. Al-Sawad noted that Iraq has achieved self-sufficiency in diesel and kerosene production and is set to become self-sufficient in gasoline production by the end of the current year. The two sides agreed to form a joint committee to study the condition of the Iraqi-Syrian pipeline and the feasibility of resuming exports through it. The committee will also consider involving an international consultant to determine the pipeline's operational viability. The Syrian minister, for his part, expressed gratitude for the discussions and stressed the importance of regional cooperation to restore Syria's oil industry. He acknowledged that the pipeline had been subjected to sabotage and aging, necessitating rehabilitation or renewal. The discussions also extended to investment, with the presence of Haider Mohammed Makkiya, Head of the National Investment Commission, and water resources, with Minister of Water Resources Aoun Dhiab in attendance. Dhiab affirmed the necessity of adhering to agreements for water flow through the Euphrates River.
Shafaq News
10-07-2025
- Business
- Shafaq News
Iraq's oil reserves top 145 billion barrels, minister confirms
Shafaq News – Vienna/Baghdad Iraq's proven reserves have surpassed 145 billion barrels of crude oil and 132 trillion cubic feet of natural gas, Iraqi Deputy Prime Minister for Energy and Oil Minister Hayan Abdul Ghani Al-Sawad announced on Wednesday. During a panel discussion at the Ninth International OPEC Workshop in Vienna, Al-Sawad emphasized the need for strong and consistent government commitments to finance energy projects across all sectors to ensure long-term energy security. He underscored the continued importance of fossil fuels in meeting global energy demands, describing them as a key driver not only for infrastructure growth but also for advancing clean energy efforts, especially in developing countries that require economic support to improve vital sectors such as healthcare, education, and essential services. Al-Sawad highlighted that 'sustained investment in oil and gas remains critical for both global energy stability and inclusive economic development.' However, he warned that current investment levels are insufficient to meet future demand, particularly as the global population and industrial activity continue to grow. Adequate financing, he stressed, is necessary to balance traditional energy supply with progress in clean energy technologies. The minister also outlined Iraq's role in the global energy transition, pointing to major initiatives aimed at capturing associated and natural gas that would otherwise be flared. 'These efforts align with Iraq's climate commitments and aim to strike a balance between economic development and environmental responsibility,' he affirmed. Iraq is currently advancing large-scale projects to convert flared gas into electricity, helping to cut carbon emissions, improve domestic energy security, and reduce dependence on imported fuels. He also noted Iraq's ongoing efforts to develop independent natural gas fields in partnership with leading international companies, a move intended to position the country as a future player in the global gas market.
Iraqi News
04-06-2025
- Business
- Iraqi News
Iraq to achieve self-sufficiency in refined fuels by year-end, Oil Minister tells IBBC
London ( – Iraq will stop importing refined white products (like gasoline and diesel) and achieve self-sufficiency by the end of 2025, potentially exporting surplus, Oil Minister Hayyan Abdul Ghani Al-Sawad announced Wednesday (June 4, 2025). Speaking at the Iraq Britain Business Council (IBBC) conference in London, he detailed significant energy sector advancements. This milestone is driven by increased domestic refining capacity, including the Karbala refinery and expansions in Basra and northern Iraq, boosting output by 360,000 bpd. Al-Sawad also highlighted major strides in associated gas investment, with utilization rising from 53% to over 70% through projects like Basra Gas and Halfaya, and upcoming developments in Akkas and Mansouriya fields offering international partnership opportunities. The Minister showcased the comprehensive TotalEnergies integrated project (oil, gas, solar, water injection) and progress on a major pipeline parallel to the Development Road. He emphasized Iraq's reform programs under PM Al Sudani aim to maximize resource value and foster partnerships. 'Iraq is opening up to the world with a partnership-based approach,' Al-Sawad stated, inviting quality contributions from British firms in conventional and renewable energy, citing an existing BP deal in Kirkuk.
Shafaq News
25-04-2025
- Business
- Shafaq News
Iraq plans to build largest solar power station
Shafaq News/ Iraqi government intends to establish the country's largest electricity generation plant using solar energy, Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani Al-Sawad said on Friday. According to a statement issued by the Ministry of Oil, the announcement came during Al-Sawad's meeting with International Energy Agency (IEA) Executive Director Fatih Birol on the sidelines of the Future of Energy Security Summit, which opened Thursday in London. Al-Sawad emphasized the importance of increasing the use of alternative energy sources in Iraq, particularly in electricity generation. The minister said Iraq has multiple clean energy projects underway, including the planned construction of the country's largest solar-powered electricity station. He also cited initiatives to utilize gas in national industries, calling it a strategic step in the government's program to diversify energy sources. On Thursday, the oil minister reiterated that fossil fuels will remain a key source of energy and industrial input in the coming years. Highlighting the Iraqi government's efforts and plans to expand the use of renewable energy, especially in solar power projects aimed at generating 12,000 megawatts, He also pointed to significant investments in associated gas from several projects, including the Integrated South Project in cooperation with TotalEnergies, which will, for the first time, involve the use of seawater for injection in oil fields. The Future of Energy Security Summit is being held in collaboration between the UK government and the IEA, with participation from energy ministers and senior officials from over 60 countries, as well as major global energy companies.
