Latest news with #MohammedShiaAl-Sudani
Iraq Business
20 hours ago
- Business
- Iraq Business
Iraqi PM Discusses Oil & Gas Investment with US Firm
By John Lee. Prime Minister Mohammed Shia Al-Sudani received a delegation from U.S. oil services firm Morgan Hughes, led by the company's Vice President Gregory Bloom, in a meeting held on Tuesday and attended by Steven Fagin, Chargé d'Affaires at the U.S. Embassy in Baghdad. The talks focused on potential cooperation and investment opportunities, including the development of oil fields and the capture of associated gas. Prime Minister Al-Sudani reiterated Iraq's goal to fully utilise all associated gas produced from its oil fields by 2028. He emphasised that the government seeks to ensure its oil contracts promote local employment, with a particular focus on secondary contracts benefitting the Iraqi private sector. He also stressed the importance of training Iraqi engineers and technicians in the latest technologies used in oil and gas projects. Mr. Bloom expressed his company's interest in partnering with Iraq in gas investment and field development, and in supporting the country's ongoing economic growth through technological cooperation in the energy sector. (Source: PMO)
Iraqi News
a day ago
- Business
- Iraqi News
Morgan Hughes explores opportunities to develop oilfields in Iraq
Baghdad ( – The Iraqi Prime Minister, Mohammed Shia Al-Sudani, and officials from the US-based energy corporation Morgan Hughes discussed on Tuesday possible cooperation to develop oil fields and recover associated gas in Iraq. During their meeting in the capital, Baghdad, Al-Sudani reiterated the country's commitment to completely recover all associated gas generated from Iraqi oil fields by 2028, according to a statement released by the Prime Minister's Office (PMO). Al-Sudani reaffirmed that the government seeks to increase job opportunities and support the Iraqi private sector enterprises through deals with foreign oil firms. The prime minister also underlined the need to educate Iraqi engineers and professionals about the latest technology used in the oil sector. Deputy Minister of Oil for Gas Affairs Izzat Saber revealed in February that Iraq will stop 78 percent of the flared gas by the end of 2025 until it completely stops in 2028. The Ministry of Oil's strategy places a high priority on utilizing associated gas and minimizing the release of carbon dioxide, according to Saber. Gas flaring, or the burning of surplus natural gas during oil production, has long been a significant environmental and economic issue. Large volumes of carbon dioxide and methane are emitted into the atmosphere, exacerbating air pollution and hastening climate change. It also represents a significant waste of a useful energy resource that could be used to create electricity and grow industries. Flaring reduction not only reduces harmful emissions and improves air quality but also enables countries such as Iraq to use their gas resources more efficiently.
5 days ago
- Politics
Iraq makes 'decisive findings' about drone attacks without identifying who targeted its bases
BAGHDAD -- BAGHDAD (AP) — Drones used to attack military bases in Iraq during the recent Israel-Iran war were manufactured outside Iraq but were launched inside its territory, according to the 'decisive findings' of an investigation published on Friday. The report of an investigative committee formed under the directive of Prime Minister Mohammed Shia Al-Sudani did not identify who was behind the attacks that targeted radar and air defense systems last month. The attacks on several military bases, including some housing U.S. troops, damaged radar systems at Camp Taji, north of Baghdad, and at Imam Ali Base in Dhi Qar province. Iraqi army spokesperson Sabah Al-Naaman said the investigation had reached 'decisive findings.' He said the drones used were manufactured outside Iraq but were launched from locations inside Iraqi territory. All drones used in the attacks were of the same type, indicating that a single actor was behind the entire campaign, he said. Al-Naaman said the investigation had identified the entities responsible for coordinating and executing the operations, but he did not name them. 'Legal measures will be taken against all those involved, and they will be referred to the Iraqi judiciary to be held accountable in accordance with the law,' the statement said. Before the drone attacks, Iran-backed Iraqi militias had previously threatened to target American bases if the U.S. attacked Iran. Some of the militias are part of the Popular Mobilization Forces, a coalition of armed groups that is officially under the command of the Iraqi military, although in practice they largely act independently. More recently, several oil fields in the semi-autonomous northern Kurdish region have come under attack by drones, further exacerbating tensions between the central government and Kurdish authorities and raising concerns over the security of Iraq's critical infrastructure.
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Business Standard
5 days ago
- Politics
- Business Standard
Iraq confirms drone attack 'findings' without naming who targeted its bases
The attacks on several military bases, including some housing US troops, damaged radar systems at Camp Taji, north of Baghdad, and at Imam Ali Base in Dhi Qar province AP Baghdad Drones used to attack military bases in Iraq during the recent Israel-Iran war were manufactured outside Iraq but were launched inside its territory, according to the decisive findings of an investigation published on Friday. The report of an investigative committee formed under the directive of Prime Minister Mohammed Shia Al-Sudani did not identify who was behind the attacks that targeted radar and air defense systems last month. The attacks on several military bases, including some housing US troops, damaged radar systems at Camp Taji, north of Baghdad, and at Imam Ali Base in Dhi Qar province. Iraqi army spokesperson Sabah Al-Naaman said the investigation had reached decisive findings. He said the drones used were manufactured outside Iraq but were launched from locations inside Iraqi territory. All drones used in the attacks were of the same type, indicating that a single actor was behind the entire campaign, he said. Al-Naaman said the investigation had identified the entities responsible for coordinating and executing the operations, but he did not name them. Legal measures will be taken against all those involved, and they will be referred to the Iraqi judiciary to be held accountable in accordance with the law, the statement said. Before the drone attacks, Iran-backed Iraqi militias had previously threatened to target American bases if the US attacked Iran. Some of the militias are part of the Popular Mobilization Forces, a coalition of armed groups that is officially under the command of the Iraqi military, although in practice they largely act independently. More recently, several oil fields in the semi-autonomous northern Kurdish region have come under attack by drones, further exacerbating tensions between the central government and Kurdish authorities and raising concerns over the security of Iraq's critical infrastructure. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Iraq Business
5 days ago
- Business
- Iraq Business
Iraqi Cabinet Approves Measures on Kurdish Oil Delivery
By John Lee. The Iraqi Cabinet, headed by Prime Minister Mohammed Shia Al-Sudani, held an emergency session on Thursday and issued a series of binding decisions regarding oil production and financial coordination with the Kurdistan Regional Government (KRG). In a major development, the Cabinet approved the immediate transfer of all oil produced in the Kurdistan Region to Iraq's State Oil Marketing Organization (SOMO) for export. The federal government will provide the KRG with an advance of $16 per barrel (in-kind or in cash), based on a minimum delivery of 230,000 barrels per day (bpd), with any additional production to be included under the same mechanism. Current production stands at 280,000 bpd, of which 50,000 bpd is reserved for local consumption within the Region. The remaining 230,000 bpd, along with any future increases, will be delivered to SOMO. Should exports stop for any reason, the KRG must deliver the full quantity to the Federal Ministry of Oil instead. The KRG will also be responsible for the production and transport costs of the 50,000 bpd used locally, while revenues from sales of refined products will be transferred to the federal treasury after deducting those costs. Additional financial decisions included: The KRG must deliver 120 billion Iraqi dinars as a preliminary estimate of May's non-oil revenue share. A joint auditing team will verify and classify non-oil revenues from May 2025 onward. A new joint committee will oversee the localisation of salaries in the Region within three months, as required by a federal court ruling. A separate team will assess any excess in actual spending relative to the KRG's budget share for 2023-2025. May salaries for KRG employees will be disbursed after SOMO confirms receipt of the 230,000 bpd via the Ceyhan terminal. All timelines specified in this resolution are effective from the date of the Cabinet's approval. (Source: PMO)
