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Iraqi News
9 hours ago
- Business
- Iraqi News
Iraq contains fire erupted at gas pipeline
Baghdad ( – The Iraqi Ministry of Oil revealed on Monday that a fire that broke out at a pipeline transporting gas from Iraq's northern Kirkuk oilfields to power plants has been put out. The government reported no injuries, citing the state-run North Oil Company (NOC), which oversees the northern reserves of oil and gas, according to Reuters. According to officials in the Iraqi energy sector, gas flows through the pipeline had been stopped due to an explosion and fire. An official at the NOC mentioned that an early assessment revealed that corrosion in a portion of the pipeline caused the incident, which occurred around 55 kilometers (35 miles) west of Kirkuk. According to the official, a gas leak triggered an explosion and fire, halting gas flow via a domestic pipeline supplying gas to power facilities in Baiji. A different NOC official stated that technical personnel hurried to the scene to replace the damaged part, and the gas flow was turned off to assist the repairs. The official explained that repairing the broken section might take up to two days.
Shafaq News
27-05-2025
- Business
- Shafaq News
Iraq's April oil revenues barely cover salaries and licensing fees, economist says
Shafaq News/ Iraqi oil revenues for April are only sufficient to cover public sector salaries and oil licensing company expenses, economic expert Nabil Al-Marsoumi said on Tuesday. Al-Marsoumi stated that 'a drop in Iraq's oil exports and a decline in global oil prices—from $72.5 per barrel in March to $66.7 in April—led to a 15% decrease in revenues, from $7.716 billion to $6.738 billion.' The Iraqi Ministry of Oil confirmed these figures in a statement released Monday, outlining its final export and revenue statistics for April, based on data from the State Organization for Marketing of Oil (SOMO). According to the ministry, Iraq exported a total of 100,953,282 barrels of crude oil in April, generating $6.738 billion in revenue. The majority of exports—99,752,879 barrels—came from fields in central and southern Iraq. Additionally, 900,584 barrels were exported from the Qayyarah field in Nineveh province, while 299,819 barrels were exported to Jordan.
Iraq Business
25-05-2025
- Business
- Iraq Business
Iraq's Oil Ministry Outlines Roadmap for Carbon Emissions Reduction
By John Lee. The Iraqi Ministry of Oil has presented a strategic roadmap to reduce carbon emissions in the oil sector, structured around three core pillars: reducing flared gas, utilising gas and cutting methane emissions, and electrifying oil production operations to lower the carbon footprint. The plan was outlined by Abdulbaqi Khalaf, Energy Advisor to the Ministry, during a panel session on carbon reduction in the oil industry. The session was part of the First International Conference on Carbon Economies, held in Baghdad and organised by the Ministry of Environment's General Company for Carbon Economics in cooperation with the Ministry of Oil. The event opened on Wednesday and ran for two days. Khalaf emphasised the strong support from Deputy Prime Minister for Energy Affairs and Minister of Oil, Eng. Hayan Abdulghani Al-Sawad, for these initiatives. He added that while Iraqi crude oil has one of the lowest extraction costs globally, its carbon footprint is relatively high, necessitating targeted action across the three areas. Additional technical presentations during the session included: A paper by Marfa Al-Asadi, Deputy Managing Director of Basra Gas Company (BGC) , on carbon reduction in associated gas projects. , on carbon reduction in associated gas projects. A presentation by Mohammed Jabbar Ajrash, Head of Energy Affairs at the Directorate of Studies, Planning and Follow-Up, on planned reductions in the energy sector. A contribution from Midland Oil Company (MdOC) on the East Baghdad Field as a pilot project. on the East Baghdad Field as a pilot project. A paper titled " Green Fuel - Prospects for Industrial Reduction " by Ali Khayoun Abdul Ali, Head of Resource Management at the Technical Directorate. (Source: Ministry of Oil)
Iraqi News
07-04-2025
- Business
- Iraqi News
Iraq launches Qinnina App for easier cooking gas distribution
Baghdad ( – The Iraqi Ministry of Oil is set to launch the 'Qinnina' mobile application soon, designed to streamline the distribution of LPG (cooking gas) cylinders to citizens. Developed by Iraqi youth and adopted by the government, this app is part of Iraq's broader digital transformation strategy for public services. The Qinnina app aims to enhance convenience and efficiency. Citizens can use it to locate nearby registered mobile gas agents on a map, order the required number of cylinders, and specify their delivery location. This process is expected to save time, reduce noise pollution from agents' vehicles, and ensure cylinders are delivered at the correct weight and official price (capped at 6,000 IQD including delivery), combating black market practices and potential smuggling. While citizen use is optional, registered agents will gradually integrate the app, starting with 5% of their sales and reaching 50% by the end of 2025. This phased approach allows for training and accommodates households without internet access. The Ministry confirmed there are no fees for citizens using the app, while agents pay a nominal daily subscription. The Qinnina app represents a significant move towards modernizing essential service delivery in Iraq.
Iraqi News
26-03-2025
- Business
- Iraqi News
Iraq increases efforts to utilize associated gas, limit pollution
Baghdad ( – The Iraqi Ministry of Oil has mandated that oil extraction businesses utilize associated gas and minimize environmental contamination, according to information released by Iraq's parliamentary oil committee on Wednesday. In order to reduce imports, boost the country's economy, and limit environmental pollution, Sabah Subhi, a committee member, informed the Iraqi News Agency (INA) that the government has authorized the development and use of associated gas as one of its objectives by the Iraqi parliament. The Ministry of Oil has made impressive strides in its attempts to boost the utilization of associated gas, especially in the most recent licensing rounds that included several gas fields, according to Subhi. The Iraqi Minister of Oil, Hayan Abdul-Ghani, revealed in February that the ministry is working on promising projects to maximize the utilization of associated gas from all oil fields in the country. The Iraqi Oil Ministry reached agreements with several companies to utilize all flared gas in the country, according to Abdul-Ghani. Abdul-Ghani noted that flared gas utilization in Iraq currently reached 67 percent and is expected to reach 70 percent by the end of 2025. In accordance with the Iraqi government's agenda, gas flaring across Iraq will completely stop by 2028. Gas flaring reduction helps countries like Iraq use their gas resources more effectively while also reducing hazardous emissions and improving air quality.
