British website: Iraq must “achieve a balance” in reducing oil emissions and increasing its producti

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[size=52]British website: Iraq must “achieve a balance” in reducing oil emissions and increasing its production[/size]

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12-30-2023
The British website “Amwaj” called on Iraq to take action after the climate conference in Dubai, in order to take immediate steps to bring about change in its energy landscape, and to demonstrate how to achieve a balance between its plans to reduce emissions, and at the same time increase Its oil production capacity reaches about 7 million barrels per day.[/size]
[size=45]After the report of the London-based website said that Iraq presented its plan to achieve the transition to clean energy and reduce its carbon footprint during the 28th United Nations Climate Conference, which includes reaching zero gas burning levels by the year 2028, it indicated that the Iraqi plans also include generating 12 gigawatts of energy from renewable sources in the coming years, in addition to installing systems to capture and detect methane emissions in oil and gas facilities, and establishing a green bank for sustainable development.[/size]
[size=45]The British report, translated by Shafaq News Agency, considered: With the conclusion of the green talks at the Dubai conference, Iraq needs to take immediate action to establish a legal framework that can facilitate the transformation of its energy landscape, indicating that the Iraqi government is still working on drafting a renewable energy law, which should have been approved years ago, according to what Experts say.[/size]
[size=45]The report found that after Iraq opposed plans to phase out fossil fuels, as the second largest oil producer in OPEC, it must demonstrate how to achieve a balance between its plans to reduce emissions and also increase crude oil production and continue using liquid fuels concentrated with sulfur in the energy sector.[/size]
[size=45]The report indicated that during a session on energy held in Dubai, the Iraqi Ministry of Oil announced its plan to reduce 34.2 million tons of carbon dioxide emissions associated with burning gas annually by 2028, pointing out that there are 6 projects in order to achieve this goal.[/size]
[size=45]The report continued that, unlike some of its neighbours, such as Jordan, Iraq lacks a renewable energy and energy efficiency law that could play a fundamental role in promoting the development and use of clean energy sources, as it is imperative for Iraq to move quickly on legislation that encourages investment in renewable energy, and provides Incentives to achieve sustainable practices, and contribute to setting clear standards for protecting the environment and reducing emissions.[/size]
[size=45]The report mentioned investigative investigations that showed how some foreign companies operating in giant oil fields are causing cancer cases in communities that live near facilities that burn associated gas. Human Rights Watch also called earlier this year on the Iraqi government to “enact and implement strict regulations” to limit gas burning.[/size]
[size=45]The report pointed out that the presence of such laws will contribute to ensuring that regulations related to emissions are not violated, because they also protect the country’s citizens and its environment, which faces high risks due to pollution and climate change.[/size]
[size=45]The report continued that while Iraq is taking small steps towards achieving energy transformation, it has not been able to phase out fossil fuels. He pointed out that Iraq clearly opposed such proposals, recalling the statement of the advisor to the Iraqi Ministry of Oil who leads carbon reduction efforts, Abdul Baqi Al-Sulaiti, in which he said, “We agree to gradually eliminate emissions, gradually reduce emissions, not fuel,” indicating that oil revenues Gas finances more than 90% of the government budget.[/size]
[size=45]The report pointed out that oil production in November 2023 reached 4.18 million barrels per day, while total crude exports reached 3.43 million barrels per day, with most shipments heading to China and India, and Iraq achieved about 8.512 billion dollars last month from its total oil exports. .[/size]
[size=45]He added that Iraq, despite the multiple technical challenges, is emphasizing its plans to enhance oil production capacity to about 6-7 million barrels per day in the next few years, from its current maximum capacity of about 5 million barrels per day, which is an increase that requires the involvement of international oil companies, which is what It is already doing this through the agreement, for example, last month with the Russian company “Lukoil” to extend the contract for the West Qurna 2 field, until the year 2045, in addition to Baghdad’s announcement of licensing rounds for new oil and gas projects throughout the country, which represents an additional indication of The economy will remain driven by hydrocarbons for years to come.[/size]
[size=45]The report concluded by saying that although Iraq welcomed the consensus on the need for change at the climate conference in Dubai, it expressed its reservations regarding “one of the clauses” of the final agreement, which calls for “a transition from fossil fuels in energy systems in a fair, orderly and equitable manner,” a position that has its roots. To its heavy reliance on hydrocarbons, despite Iraq’s recognition of the impact of climate change on its population and environment.[/size]
[size=45]The report concluded by saying, “We should not expect Iraq to turn away from its vast natural resources, including the giant gas fields that remain unexploited, but in order to show that it is serious about the energy transition, it must take the first major step.” In this direction, that is, preparing itself with the necessary modern legal frameworks.”[/size]
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