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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.
Rudaw Net
04-03-2025
- Business
- Rudaw Net
Meeting between Baghdad, Erbil, oil producers canceled: Source
Also in ECONOMY Iraq confirms agreement with KRG to resume Kurdish oil exports BP finalizes deal with Iraq to rehabilitate Kirkuk fields KRG, Baghdad strike deal to restart Kurdish oil exports Kurdistan oil producers seek contractual agreements before restarting exports A+ A- ERBIL, Kurdistan Region - A meeting scheduled for Tuesday between the Iraqi oil ministry, the Kurdistan Region's natural resources ministry, and oil producers in the Region has been canceled, an oil ministry source told Rudaw. 'No meeting on the resumption of Kurdistan Region's oil exports and deals with [oil] companies will be held today,' the source told Rudaw on the condition of anonymity. However, the source added that a meeting between the three parties took place on Monday, with its outcomes to be submitted to Iraqi Prime Minister Mohammed Shia' al-Sudani. Iraq's oil ministry had previously invited foreign oil companies and the Kurdistan Regional Government (KRG) to meet on Tuesday with the goal of resolving disputes and restarting Kurdish oil exports. The oil companies have said they will not resume exports unless key conditions, including new agreements and payment guarantees, are met in writing. Rudaw English reached out to the Association of the Petroleum Industry of Kurdistan (APIKUR), which represents eight international oil firms, but has yet to receive a response. The companies also want assurances that payments under Iraq's budget amendment - requiring Baghdad to pay $16 per barrel to the KRG - will be reliably distributed to the producers. Sabah Subhi, a member of the Iraqi parliament's oil and gas committee, told state media on Tuesday that the oil ministry has 'sent a specialized committee to Zakho' to inspect the pipelines from the Kurdistan Region to Turkish territory. Oil exports from the Kurdistan Region through the Iraq-Turkey pipeline were halted in March 2023 after a Paris-based arbitration court ruled in favor of Baghdad against Ankara, saying the latter had violated a 1973 pipeline agreement by allowing Erbil to begin independent oil exports in 2014. In February, Sudani stated that Baghdad aimed to 'open a new page' with international oil companies in the Kurdistan Region after the Iraqi parliament approved a budget law amendment that raised the compensation paid for oil companies operating in the Kurdistan Region.
