Download Prior to the 2003 regime change no private sector gas projects had been implemented in Iraq and gas prices were heavily subsidized, both nationally and in a regional context**. However, since 2007, two major gas projects have been signed, the first in Kurdistan by the Ministry of Natural Resources (MNR) and the second in Basra province by the Ministry of Oil (MoO). In
Read MoreI have read with interest the Summary of the Final Report of the INES. There are certain points that I would like to raise, relating to a few aspects that I consider important. I will restate the essential elements of the Strategy`s proposals that invoked my comments. The opening key to understanding the basic objectives of the INES is to quote the vision statement of the Strat
Read MoreDownload PDF Energy Potential vs. Reality Oil and Gas According to recent international estimates Iraq is expected to earn $5 trillion from oil exports up to 2035. Yet despite having reserves of 143 billion barrels, and awarding concessions to international oil companies (IOCs) for field development both in the north and south, it has yet to exceed its peak production of appr
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Read MoreDownload Iraq has proven oil reserves of 118 billion barrels and this could be increased by up to 235 billion barrels. Iraq also has 78 trillion standard cubic feet of gas reserves which could also be increased by up to 110 trillion standard cubic feet through enhanced recovery and exploration. The Iraqi Deputy Prime Minister Barham Salih stated that new exploration showed tha
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