Search results
Results from the WOW.Com Content Network
Iran's plans to export 5.0 million m 3 (176 million cu ft) of gas per day at standard conditions to Iraq by 2015. [5] In July 2011 Iran, Iraq and Syria said they planned to sign a contract potentially worth around $6bn to construct a pipeline running from South Pars towards Europe, via these countries and Lebanon and then under the ...
Iraq also plans to sign delineation agreements on shared oil fields with Kuwait and Iran. Iraq would like to set up joint committees with its neighbors on how to share the oil. According to the Oil and Gas Journal, Iraq's proven natural gas reserves are 112 trillion cubic feet (Tcf), the tenth largest in the world.
Iraq last year faced disruptions in the supply of Iranian gas, which accounted for about 40% of its imports. Turkmenistan is heavily reliant on revenue from sales of the gas in its vast reserves.
In 2011, Iran signed a contract with Baghdad and Damascus in order to export Iran's gas to Iraq, Syria, Lebanon, the Mediterranean region and eventually Europe. [56] Oman and Kuwait were negotiating an import agreement in 2014. [ 57 ]
BAGHDAD/ANKARA (Reuters) -A nascent plan for Iraq's Kurdistan region to supply gas to Turkey and Europe - with Israeli help - is part of what angered Iran into striking the Kurdish capital Erbil ...
Baker Hughes and General Electric signed a contract with Iraq's government on Monday to process natural gas extracted alongside crude oil at two fields in southern Iraq, the oil ministry said.
On February 21, 2023, 20-year contracts were signed to ratify the arrangements, which have the primary goal of reducing Iraq's dependence on imports from Iran for 40% of its own natural gas needs. [26] Geo-Jade Petroleum released a tender for the supply of gas pipeline and accessories for the Naft Khana block on July 1, 2024. [27]
Iraq's electricity generation primarily depends on fossil fuels. In 2021, natural gas was the largest source at 57.3% of the total, followed by oil at 36.7%. Renewable energy, mainly from hydroelectric power, contributed 5.9%. [1] As of 2023, the 30 gigawatts (GW) of installed capacity cannot meet summer peak demand. [2]