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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Minister of Oil: Iraq is proceeding with the optimal investment of energy to achieve sustainable eco

    Rocky
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    Minister of Oil: Iraq is proceeding with the optimal investment of energy to achieve sustainable eco Empty Minister of Oil: Iraq is proceeding with the optimal investment of energy to achieve sustainable eco

    Post by Rocky Tue 21 Dec 2021, 6:12 am

    Minister of Oil: Iraq is proceeding with the optimal investment of energy to achieve sustainable economic development

    •  Time: 12/20/2021 16:45:47
       
    •  Reading: 2,132 times

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    {Economic: Al Furat News} The Minister of Oil, Ihsan Abdul-Jabbar Ismail, confirmed, on Monday, that Iraq has proceeded with the optimal investment of energy to achieve sustainable economic development.
    The useful summary.. In important news, you can find it on Al-Furat News Channel on Telegram.. [You must be registered and logged in to see this link.]
    A statement by his office, which {Euphrates News} received a copy of, said: “This came in a speech delivered by the minister at the ministerial forum for future energy prospects, which was organized by the Ministerial Council for Energy and in the presence of the ministers of oil, finance and water resources, and a number of ministries’ undersecretaries, advisors, general managers and the president of the Military Defense University.” . 
    The Minister of Oil said, "The future of energy in Iraq is promising with its great capabilities, despite the economic and health challenges and the fluctuations of the global oil market," noting "the importance of establishing an integrated state for the energy industry in the country that includes all sectors.
    " It is proceeding to implement serious and important plans aimed at increasing production and optimal investment of energy to achieve sustainable economic development, in addition to implementing Iraq's commitments regarding reducing emissions and global warming.
    Among Ismail, he said that "Iraq needs in the coming years to an increase in the production of electric power commensurate with the increase in population growth in the Iraq annually ratio , " pointing to the importance of securing and monitoring the necessary financial budgets for the implementation of projects , energy production to cover the need for domestic consumption. " 
    He noted that" Iraq has made remarkable progress regarding gas investment, and there are discussions and negotiations with international companies to develop gas fields in the country in addition to the national effort,” stressing “government support for gas investment projects and the transition to clean energy, and that Iraq has concluded many electricity production contracts for the investment of solar energy, as well as About signing other contracts to meet the local need for electric power. 
    The Minister of Oil valued the fruitful presence of the ministers and their visions and proposals for the future energy prospects of Iraq, praising the "role of the media office and those responsible for preparing and organizing the forum," stressing "the importance of repeating such events that would spread a culture of dialogue and integration to develop the energy industry in the country."
    For his part, Finance Minister Ali Abdul-Amir Allawi said, "There are economic challenges that the country is going through due to the instability of expectations regarding oil prices," noting that "Iraq depends in its federal budgets on the revenues that are achieved from crude oil sales."
    He added, "The global outlook for the future of energy is the tendency to adopt new, new options that do not depend primarily on fossil fuels." 
    The Minister of Water Resources, Mahdi Rashid, also touched on "Iraq's tendencies to benefit from water energy in the production of electricity through the implementation of hydroelectric projects," noting that "there are plans for Iraq to establish a number of water dams despite the challenges of Iraq's water resources due to the low shares of flowing water." from neighboring countries. 
    The former Oil Minister, Thamer Al-Ghadban, presented a working paper on the future prospects for the Iraqi energy sector and a future vision for the transition to clean energy, in which he referred to “the priorities for developing the gas sector,” stressing “the importance of provisions for developing the discovered gas fields and reservoirs and accelerating their development and production despite the challenges of the present and the future.” .
    Meanwhile, the advisor of the Ministry of Oil for Energy Affairs, Abdul Baqi Khalaf, stressed, during a working paper presented at the forum, a "road map towards sustainable energy transformation and the need to adopt the uses of renewable energy, represented by solar energy, wind energy and nuclear energy, due to its environmental and economic importance."
    And he indicated, "Iraq has many commitments to the international community through its pledges it made in climate and energy-related conferences, so it is necessary to implement projects that would reduce gas emissions and preserve the environment and climate." 
    For his part, the advisor to the Minister of Electricity, Abdul Hamza Hadi, presented a working paper on the prospects and challenges of the electric power sector in Iraq and the importance of implementing projects to increase production and community awareness regarding rationalization of use and consumption. 
    Also, during the forum, a report was presented on the oil markets, opportunities and challenges on the short and long terms, prepared by Muhammad Saadoun from the Oil Marketing Company. 
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