To keep him away from Iranian energy… America is entering the line of investing in gas in Iraq
To keep him away from Iranian energy… America is entering the line of investing in gas in Iraq
2024-04-17 01:25
Shafaq News/ The United States signed two agreements with Iraq with the aim of reducing the burning of highly polluting and wasteful gas, as the two countries announced in mid-April during the visit of Prime Minister Muhammad Shia al-Sudani to Washington for talks with President Joe Biden.
According to a report prepared by the “Standard & Poor’s” global platform, viewed by Shafaq News Agency, Iraq, which aims to stop burning gas by 2028, burned more than 17.9 billion cubic meters of natural gas in 2022, which is the second highest amount in the world. world, just after Russia, according to World Bank data.”
This process, which wastes resources that could be used to generate energy, makes Iraq dependent on imported Iranian gas and energy supplies.
The United States and Iraq signed memorandums of understanding to capture and process associated gas for use in generating electricity in the Middle Eastern country and “allow Iraq to benefit from leading technology and expertise in the American private sector,” according to a State Department briefing. During the Sudanese visit.
In March, the Iraqi Oil Ministry said it would work with Siemens Energy and SLB, formerly known as Schlumberger, to process associated gas that would otherwise be flared as a byproduct of crude oil production.
The Standard & Poor’s platform report says that Iraq, which aims to achieve energy self-sufficiency by 2030, is working to reduce its dependence on Iranian electricity and gas supplies, which are subject to sanctions, which require the United States to issue exemptions every four months.
The latest exemption from sanctions was approved on March 13, and US officials repeatedly pressured Iraq to make further progress in reducing its imports of Iranian energy, according to the report.
Iraq faces frequent power outages, especially during the peak air conditioning season in the summer, which has previously led to civil unrest and bloody protests.
shafaq.com
