Iraq

Turkey Expands Its Horizons: New Oil and Gas Exploration Plans in Bulgaria, Libya, and Iraq

2 months ago

In a bold move to enhance its energy portfolio, Turkey has announced significant plans for oil and gas exploration, targeting regions beyond its borders—specifically in Bulgaria, Libya, and Iraq. This initiative reflects Turkey’s strategy to secure vital energy resources amidst a growing global demand for oil and gas.

Iraq Adjusts Oil Pricing Strategy in Response to Market Decline

2 months ago

Iraq has recently announced significant changes to oil pricing in its federal budget, citing a substantial downturn in oil market values. As a nation that heavily relies on oil exports for its economic stability, this decision marks a critical response to the ongoing volatility in global oil prices.

Iraq Aims to Slash Gas Flaring by 80% in 2024 to Curb Reliance on Imports

5 months ago

In a significant move aimed at enhancing its energy sector, Iraq is on track to reduce gas flaring from its oil fields to just 20% of current levels by the end of 2024. This ambitious target is part of the country’s ongoing efforts to improve energy efficiency and decrease its dependence on imported fuel. Officials have set this objective as a key part of their energy strategy, signaling a proactive approach toward sustainable practices and economic independence.

BP Expands Operations in Iraq by Advancing Development of Kirkuk Oil and Gas Fields

6 months ago

In a significant move signaling a renewed focus on oil infrastructure, BP has taken decisive steps to expedite the redevelopment of the Kirkuk oil and gas fields in Iraq. This initiative comes as part of the company's broader strategy to enhance its footprint in one of the world's most resource-rich regions while also aligning with Iraq's ambitions to boost its oil output and revitalize its economy.

QatarEnergy Partners with Total to Develop Major Solar Farm in Iraq

7 months ago

In a significant development for renewable energy in the Middle East, QatarEnergy has announced a partnership with TotalEnergies to construct one of the largest solar farms in Iraq. This ambitious project is expected to bolster Iraq's energy landscape while paving the way for sustainable energy solutions in the region.

Air Canada Penalized $250,000 by U.S. for Violating Iraqi Airspace Restrictions

8 months ago

Air Canada has been fined a whopping $250,000 by the U.S. Department of Transportation for allegedly flying over restricted Iraqi airspace-a violation which raises multiple international aviation safety concerns.