Iraq renews gas drive
Baghdad turns again to China to develop its second largest gasfield
Iraq’s two largest non-associated gas deposits have languished unexploited for some seven years, even while the country's ability to supply year-round electricity to its increasingly disillusioned population relies on importing the resource from Iran. But new contract awards finally promise some progress on improving domestic supply. A long-delayed project to harness associated gas from some of the country’s biggest oilfields—flaring from which over the past decade represents another egregious financial (and environmental) failure—is a central plank of a wide-ranging investment pact signed with Total last month, confirming renewed focus on a gas self-sufficiency drive. Pressure from Washingt
Also in this section
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them