Latest news with #HayanAbdulGhaniAl-Sawad
Iraqi News
4 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
30-04-2025
- Business
- Iraqi News
Oil Ministry Signs Addendum to East Baghdad Oilfield Development Contract with China's EBS
Deputy Prime Minister for Energy Affairs and Oil Minister, Hayan Abdul Ghani Al-Sawad, on Wednesday sponsored the signing of an addendum to the development contract for the southern section of the East Baghdad oilfield with Chinese firm EBS. In an official statement received by the Iraqi News Agency (INA), the minister stated that the amended agreement will contribute to boosting crude production at the East Baghdad field to 100,000 barrels per day, up from the current 45,000 to 50,000 bpd. This increase will be achieved by expanding the contracted development area within the field. The minister added that the agreement includes the adoption of directional and horizontal drilling techniques for six new wells to enhance production capacity. The revised contract also stipulates the construction of four storage tanks—two with a capacity of 10,000 cubic meters and two with a capacity of 3,000 cubic meters. Basim Muhammad Khudair, Deputy Minister for Upstream Operations, emphasized that the addendum will introduce new production capabilities and obliges the Chinese company to implement six oil infrastructure projects on behalf of the Midland Oil Company. He further noted that the project will generate a range of employment opportunities by attracting diverse engineering and technical expertise, while also delivering community development projects that provide essential services to local residents near the field. Meanwhile, the Director General of Midland Oil Company, Mohammed Yassin Hassan, stated that the contract entails several operational initiatives, including the establishment of a mobile air purification laboratory to monitor pollution levels, as well as the installation of a wastewater management system to handle drilling waste.
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.
Iraq Business
19-02-2025
- Business
- Iraq Business
Iraq, Russia Discuss Energy Cooperation
By John Lee. Iraq's Minister of Oil, Hayan Abdul Ghani Al-Sawad, met on Sunday with Russian Ambassador to Baghdad, Elbrus Kutrashev, and a delegation from Russia's OMK Group. Discussions focused on enhancing bilateral cooperation in the oil, gas, and energy sectors. According to its LinkedIn page, United Metallurgical Company (OMK) is one of Russia's largest producers of pipes, railway wheels and other steel products for energy, transport and industrial companies. (Sources: Ministry of Oil, LinkedIn)
