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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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    Warning of Iraq losing political and economic independence due to “energy imports”: Shameful

    Rocky
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    Warning of Iraq losing political and economic independence due to “energy imports”: Shameful Empty Warning of Iraq losing political and economic independence due to “energy imports”: Shameful

    Post by Rocky Mon 14 Oct 2024, 4:51 am

    Warning of Iraq losing political and economic independence due to “energy imports”: Shameful
    [You must be registered and logged in to see this link.] |Today,
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    Baghdad Today - Baghdad 
    Energy expert Haider Al-Batat said on Monday (October 14, 2024) that it is shameful for Iraq to depend on importing energy from some countries, even though it is an oil country rich in natural resources.
    Al-Batat said in an interview with Baghdad Today, "Iraq is an oil country rich in natural resources, especially oil and gas, and it is shameful for it to depend on importing energy from others while it can develop its infrastructure to invest in gas in the best way to avoid environmental degradation and also to generate electricity independently and sustainably."
    He explained that "depending on importing electricity from other countries exposes Iraq to the risk of losing the independence of its political and economic decision, and any difference in policies or tension in relations with exporting countries can be exploited as a pressure card to impose certain agendas or conditions on Iraq."
    Al-Batat added, "Iraq must seek to enhance the exploitation of its natural resources in a better way and develop the local energy sector to ensure its independence and protect its sovereignty. Importing electricity, even if it seems cheaper in the short term, is illogical if it were not for the rampant corruption. Otherwise, how would Iraq import electricity from Jordan, while Jordan imports oil from Iraq, for example?"
    The energy specialist continued, "The optimal and sustainable solution lies in investing in developing the local energy sector, whether through building new stations that rely on local gas or investing in renewable energy sources to ensure energy sustainability and decision-making independence."
    Last Wednesday, the Gulf Cooperation Council countries signed a contract to implement the Gulf electricity market linkage project with Iraq, which will enhance energy security and allow the GCC countries to supply Iraq with about 3.94 terawatt-hours annually at competitive prices lower than the cost of local production, leading to a reduction in public expenditures.
    The signing took place at the headquarters of the Gulf Interconnection Authority in Dammam, eastern Saudi Arabia, under the patronage of Saud bin Bandar bin Abdulaziz, Deputy Governor of the Eastern Province, who launched the update of the control center systems for the electrical interconnection network, which aims to improve the efficiency and flexibility of electricity systems in the face of current and future challenges.
    Bin Badr Al-Aziz stated that implementing the project to link the Gulf electricity market with Iraq will contribute to the sustainability of energy supply, the establishment of local projects, and the enhancement of the stability of Iraq’s electricity grid, which reduces reliance on expensive traditional energy sources and increases the effectiveness of using available resources.
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    He stressed that the Gulf electricity interconnection project is one of the strategic projects that strengthens the bonds of cooperation in the economic and social fields between the GCC countries and neighboring countries, and enjoys the support of the leaders of the GCC countries in order to achieve security and stability of the energy system in the region.
    Bin Abdulaziz stressed the need for expansion and that the role should not be limited to ensuring the flow of energy only; as the actual steps have begun through signing memoranda of understanding to study the possibility of electrical interconnection with Iraq, Jordan and Egypt, and at the beginning of next year, the actual operation of the interconnection with Iraq will begin.
    He explained that signing the contract to implement the Gulf electricity market linkage project with Iraq will contribute to enhancing energy security and enable the GCC countries to supply Iraq with about 3.94 terawatt-hours annually, according to the goals set for 2025, and at competitive prices less than the cost of local production, which will lead to reducing public expenditures.
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