Energy, Oil & Gas Policy – Page 2 – Iraqi Economists Network

The second split: Basrah Medium and the challenge of Iraqi crude quality. By Ahmed Mehadi *

Introduction In November 2020, ahead of annual term contract negotiations,1 Iraq’s State Oil Marketing Organisation (SOMO) announced it would further split its crude streams from two into three by launching a new export grade: Basrah Medium. The launch of Basrah Medium – 27.9° API (3% sulphur) – in January 2021 marks the second time Iraq has split its Basra crude stream

Large projects to gather associated gas are making progress Increased investment in large projects to gather associated gas in Iraq has increased optimism that the country is going to make progress in reducing harmful oil sector emissions. In 2020, Iraq flared more natural gas from its oil fields than any other country apart from Russia, according to a World Bank study pu

After recent announcements of new developments in Iraq by several oil majors, the country appears to be rebounding strongly from the coronavirus pandemic, looking to maintain its reputation for oil as well as establish itself as a renewable energy innovator. Last week, French supermajor Total announced it would be constructing four large energy projects in the south of Iraq

The unexpected directive could spur progress toward ending the wasteful and environmentally damaging practice of flaring, but it also raises concerns for oil companies. Kurdistan gives oil companies 18-month deadline to end gas flaring A flare burns at the Taq Taq oil field in 2016. (STAFF/Iraq Oil Report) By LIZZIE PORTER AND RAWAZ TAHIR of Iraq Oil Report Publishe

A recent Bloomberg news report entitled Iraq Aims to Go Nuclear to Resolve Crippling Power Shortages[1] revealed that Iraq is planning to build 8 nuclear reactors to generate electricity to close an expected electricity supply gap of 50% by 2030. The news report quoted Dr. Kamal Hussain Latif, Chairman of the Iraqi Radioactive Sources Regulatory Authority (IRSRA) saying that th