Latest news with #ZiadAliFadhil
Bloomberg
02-08-2025
- Business
- Bloomberg
Iran Says It's Close to Resolving Gas Export Issues With Iraq
Iran and Iraq are close to resolving a dispute over disruptions to Iranian gas supplies and Baghdad's unpaid dues for the exports, Iran's Oil Minister Mohsen Paknejad said Saturday. 'We will soon witness the resolution of both issues,' the state-run IRIB News cited Paknejad as saying after meeting with Iraq's Electricity Minister Ziad Ali Fadhil in Tehran.
Shafaq News
09-04-2025
- Business
- Shafaq News
Iraq, GE Vernova ink deal for 24,000 mw power boost
Shafaq News/ On Wednesday, Iraq's Ministry of Electricity announced the signing of a strategic agreement with US-based GE Vernova to add 24,000 megawatts of power generation capacity to the country's national grid. According to the ministry, the agreement includes the construction of high-efficiency, multi-fuel power plants, with 7,700 megawatts to be delivered through combined cycle technology, enabling additional output without increased fuel use. The deal also builds on longstanding cooperation with GE Vernova—formerly General Electric—which has already contributed up to 19,000 megawatts to Iraq's grid since 2011. 'This agreement is a pivotal step in addressing the electricity shortages that have affected Iraqi citizens for decades,' Electricity Minister Ziad Ali Fadhil stated, emphasizing adherence to a fixed timeline and focus on quality and efficiency. Meanwhile, Joseph Anis, President and CEO of GE Vernova's Gas Power division for Europe, the Middle East, and Africa, reaffirmed the company's commitment to strengthening Iraq's energy infrastructure and lowering emissions, noting, 'This MoU supports our broader strategy to meet Iraq's energy needs and promote sustainable development.' GE Vernova, active in over 100 countries, is involved in generating approximately 25% of global electricity.
Shafaq News
19-03-2025
- Business
- Shafaq News
Iraq seeks alternative gas imports after US exemption ends
Shafaq News/ Iraq is exploring alternative sources of natural gas to supply its power stations after the United States ended a waiver allowing Baghdad to import gas from Iran, an Iraqi source said. According to energy news platform Taqa, negotiations are underway with Algeria and Qatar to import liquefied natural gas (LNG) under medium-term contracts of three to five years. The Iraqi government is also banking on boosting domestic gas production and ending gas flaring within three years, "Once flaring is halted, Iraq will be able to rely on its own gas supply for electricity generation," the source said. LNG imports are expected to start once Iraq completes infrastructure work at the Khor Al-Zubair port, which includes setting up a floating storage and regasification unit (FSRU) and connecting it to a 40-kilometer pipeline linked to the national grid near Shatt al-Basra. In parallel, Iraq is working to double its electricity imports from Turkiye to meet demand in northern provinces. The current transmission line between the two countries has a capacity of 300 megawatts, which Iraq aims to increase to 600 megawatts by next summer. Iraqi Electricity Minister Ziad Ali Fadhil met his Turkish counterpart, Alparslan Bayraktar, on March 16 to discuss the necessary infrastructure upgrades. The enhanced interconnection is expected to be operational by the summer of 2025, according to sources familiar with the negotiations. Ankara is also set to import around 300 megawatts from Iraq during other seasons. Iraq's preparations at Khor Al-Zubair port are expected to take three to five months, with plans to install an FSRU and connect it to the national gas network. In February, Iraq's Deputy Oil Minister for Gas Affairs, Izzat Saber, said Baghdad was considering gas imports from Qatar and Algeria following Washington's decision to end the Iran waiver. He reaffirmed the ministry's commitment to halting gas flaring by 2030.
Shafaq News
16-03-2025
- Business
- Shafaq News
Iraq, Turkiye plan to double electricity capacity
Shafaq News/ On Sunday, Iraqi Electricity Minister Ziad Ali Fadhil welcomed Turkish Energy Minister Alparslan Bayraktar with the Turkish Ambassador to Iraq Anil Bora Inan in Baghdad to discuss cooperation prospects in the energy sector. According to a statement, Fadhil confirmed that the Ministry of Electricity had completed preparations to increase the supply capacity through the Iraq-Turkiye power link to 600 megawatts. He also proposed forming a joint high-level technical committee to follow up on the implementation of agreements. For his part, the Turkish minister announced that the coming months would see a doubling of supplies via the shared line, stressing Ankara's commitment to enhancing cooperation with Baghdad in the energy sector. The joint electricity link (Kask – Cizre 400 kV) began operation in July, currently supplying Iraq with 300 megawatts. Earlier today, Bayraktar arrived
Iraqi News
06-03-2025
- Business
- Iraqi News
Ministry of Electricity: Launching the largest solar energy project in Iraq
Baghdad - INA The Ministry of Electricity announced today, Thursday, the launch of "Shams Basra", the largest solar energy project in Iraq. The ministry said in a statement - received by the Iraqi News Agency (INA): "Today, in cooperation with Total Energy, the "Shams Basra" project was launched, which is the largest solar energy project in Iraq." He added that "the launch of the project comes within the framework of the efforts of the Minister of Electricity, Ziad Ali Fadhil, to diversify energy sources," noting that "the French company Total Energy has begun civil works to build a solar-powered power plant in Basra Governorate." He continued, "The project extends over an area estimated at 9,000 acres in the Basra desert, and includes about two million solar panels distributed over four generating units," noting that "the station will produce 1,000 megawatts of clean electricity, at a rate of 250 megawatts per unit." She explained that "the ministry is supervising the implementation of the project, which represents a strategic step towards reducing dependence on imported fuel and enhancing energy security in the country."
