Latest news with #AliMaarij
Iraq Business
2 days ago
- Business
- Iraq Business
Iraq to produce 12GW of Solar Power by 2030
By John Lee. The Iraqi Oil Ministry's Undersecretary for Distribution Affairs, Ali Maarij, has said that Iraq aims to incorporate 12 Gigawatts (GW) of solar power into its energy mix by 2030, alongside intensified efforts to capture natural gas and reduce flaring. He made the comments at a ceremony to launch a major new report from the International Renewable Energy Agency (IRENA) on the status and outlook of Iraq's energy transition. Maarij described the report as the result of close cooperation between the Iraqi government-represented by the Ministries of Oil and Electricity-and IRENA. He noted that it offers a comprehensive assessment of Iraq's current energy landscape, highlighting both the challenges and opportunities along the path to cleaner energy. For more details on the report click here. (Source: Ministry of Oil)
Zawya
29-01-2025
- Business
- Zawya
Iraq to boost oil output capacity to 7 mbpd
Projects awarded by Iraq to France's TotalEnergies and other foreign companies over the past months will boost its oil production capacity to 7 million barrels per day (bpd) within five years, an Iraqi oil official has said. The contracts, most of which were awarded to Chinese firms, focus on the development of the OPEC member's oil and gas production and reduction of gas flaring to zero, said Ali Maarij, Oil Ministry Undersecretary. 'Within five years, Iraq's oil production capacity will reach nearly 7 million bpd…Iraq is also working to expand its petroleum products output to totally stop import of such products,' he told an energy conference in Baghdad on Tuesday. Iraq, OPEC's second largest producer after Saudi Arabia, has produced an average 4 million bpd over the past year, below its capacity of more than 4.5 mbpd. (Reporting by Nadim Kawach; Editing by Anoop Menon) (
Shafaq News
28-01-2025
- Business
- Shafaq News
Iraq targets 7 million barrels daily oil output by 2029
Shafaq News/ Iraq's Oil Ministry aims to boost crude production within the next five years, Deputy Oil Minister Ali Maarij said on Tuesday. Speaking at the Iraq Energy 2025 conference in Baghdad, Maarij outlined the ministry's strategic priorities, highlighting the plan to "reach a production capacity of seven million barrels per day (bpd) within five years." He also emphasized efforts to eliminate gas flaring and end the import of petroleum products in the near future. Prime Minister Mohammed Shia al-Sudani inaugurated the conference, hosted by the Iraq Development Platform, with the participation of ministers, officials, and international stakeholders. According to the Iraq Development Platform, IEC is dedicated to driving innovation, attracting investment, and promoting sustainable growth in Iraq's dynamic energy sector. The conference aims to tackle key challenges and identify opportunities across traditional oil and gas industries as well as emerging renewable energy solutions. Through strategic partnerships, insightful discussions, and groundbreaking research, the IEC seeks to build a secure, prosperous, and sustainable energy future for Iraq.
