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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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    Al-Sudani calls for several steps to confront the escalating demand for energy

    Rocky
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    Al-Sudani calls for several steps to confront the escalating demand for energy Empty Al-Sudani calls for several steps to confront the escalating demand for energy

    Post by Rocky Wed 11 Oct 2023, 8:09 am

    [size=35][size=35]Al-Sudani calls for several steps to confront the escalating demand for energy[/size]
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    2023-10-11 | 08:30
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    Today, Wednesday, Prime Minister Muhammad Shiaa Al-Sudani called for cooperation in facing the challenges of electricity and the oil, petrochemical and gas industries.


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    A statement from Al-Sudani's office, received by Al-Sumaria News, stated that the latter "participated in the work of the Russian [You must be registered and logged in to see this link.] Week/REW Forum, in its sixth session held in the [url=https://www.alsumaria.tv/Entity/47995/%D8%A7%D9%84%D8%B9%D8%A7%D8%B5%D9%85%D8%A9 %D8%A7%D9%84%D8%B1%D9%88%D8%B3%D9%8A%D8%A9/ar/]Russian capital[/url], Moscow, which he is currently visiting at the official invitation of Russian President [url=https://www.alsumaria.tv/Entity/60567/%D9%81%D9%84%D8%A7%D8%AF%D9%8A%D9%85%D9%8A%D8%B1 %D8%A8%D9%88%D8%AA%D9%8A%D9%86/ar/]Vladimir Putin[/url]."



    Al-Sudani said, during his speech at the forum, that “cooperation in the field of [You must be registered and logged in to see this link.], in facing the challenges of electricity and the oil, petrochemical and gas industries, are steps that will provide progress and support us in facing the rising demand for [You must be registered and logged in to see this link.],” pointing out that “Iraq seeks to diversify [You must be registered and logged in to see this link.] sources, and not Its economy depends on oil only,” stressing that his government “has set its sights on the global [You must be registered and logged in to see this link.] transformation, represented by carbon reduction projects and [You must be registered and logged in to see this link.] efficiency projects.”

    He added, "With commitments to reduce carbon emissions until the year 2045, we have begun launching carbon reduction projects financed by carbon bonds for gas projects in the East Baghdad field," noting that "countries can improve [You must be registered and logged in to see this link.] efficiency. Climate restrictions are to combat the climate effects of fossil fuels, not The fuel itself, in order for oil to remain competitive in terms of its carbon footprint.”

    He stated, "Iraq has made great strides in the fields of renewable [You must be registered and logged in to see this link.], by adding solar generating capacities estimated at three thousand megawatts," adding: "We have set a goal to cover a third of the local need for electricity by investing in renewable sources by the year 2030."

    Al-Sudani continued, "We continue to upgrade fossil fuel extraction techniques, and take into account environmental aspects in this field."

    He stressed that his government is continuing “in the optimal investment of gas, in light of the global growth in demand for gas, which far exceeds the supply,” noting that “successive regimes in Iraq, since the discovery of oil, have not invested in gas and have resorted to burning it, which has caused the waste of this wealth.” And environmental pollution,” noting that “the problem has doubled with the loss of opportunities, the growing need for electrical [You must be registered and logged in to see this link.], and Iraq being forced to import gas.”

    He pointed out that "investing gas through the fifth and sixth licensing rounds will create the opportunity to work and cooperate with global partners, and will lead to greater integration," stressing "Iraq's ability and entitlement, given the resources and capabilities it possesses, to establish a solid foundation for partnership."

    The Iraqi Prime Minister added, "We chose an approach that confronts challenges and brings together those who are far apart, in addition to diversifying [You must be registered and logged in to see this link.] sources and transportation methods, in order to reduce risks, achieve economic cooperation, and consolidate security."

    He continued, "We put the Development Road Project into practice and proceeded with its projects, and it carries a package of positive economic goals in the medium and long term," stressing "the quest to find a possible and promising practical interconnection between the countries of the region and the world, through the Development Road Project."

    Al-Sudani explained, “Some people have doubts about the coordination mechanism adopted in (OPEC+), but we stress the necessity of balancing supply and demand, and preventing economic collapses and their political and social consequences,” considering that “these coordination mechanisms do not only target oil prices, but rather support stability.” The market is global, ensuring the interests of the producer, consumer and investor alike.”

    He pointed out that the government "has placed among its priorities economic reform and diversification of the economy, through integrated projects for [You must be registered and logged in to see this link.], industry, petrochemicals, fertilizers, and community services. It has also developed a plan that includes 11 fields to be the first step toward these projects."
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