Latest news with #MorganHughes
Iraq Business
23-07-2025
- 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
22-07-2025
- 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.
