Energy, Oil & Gas Policy – Page 6 – Iraqi Economists Network

Kurdistan gives oil companies 18-month deadline to end gas flaring

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

Official estimates are that Iraq’s proven reserves of conventional natural gas amount to at least 3.5 trillion cubic meters (tcm), or about 1.5 percent of the world’s total, placing Iraq 13th among global reserve-holders, with around three-quarters of this figure comprising associated gas that is found in the same reservoirs as oil. The International Energy Agency, though, esti

The 2020 OPEC World Oil Outlook (WOO) was launched today in Vienna, Austria, providing the OPEC Secretariat’s in-depth look at the unprecedented scale and impact of the COVID-19 pandemic on the global energy and oil markets, an assessment of the medium- and long-term prospects, as well as analysis of various alternative scenarios and sensitivities that have the potential to imp

The British oil major’s recent report has said that the demand for oil will not go back to the pre-Covid levels BP Plc said the relentless growth of oil demand is over, becoming the first super major to call the end of an era many thought would last another decade or more. Oil consumption may never return to levels seen before the coronavirus crisis took hold, BP said in