Iraq Moves To Exploit Its Massive Natural Gas Reserves. By Simon Watkins

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

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OPEC launches 2020 edition of the World Oil Outlook

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

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BP says the era of oil-demand growth is over

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

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Tariq Shafiq* Oil and Politics in My Life, The Author’s Biography

A typical Iraqi individual From the outset, let me say that I am an Iraqi in every sense of the word. My one goal in life was to pursue a career in energy as a petroleum engineer and serve my country. Despite several setbacks in my younger years, I secured my dream job, but it came at a cost. In 1971, I was sentenced to death in absentia on trumped-up charges that led to

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