Baghdad targets greater gas security
As US-Iranian tensions threaten energy imports, Iraq is ramping-up domestic gas development
Iraq continues to import large quantities of its neighbour Iran's gas, a rare exception to the White House's ever-tightening squeeze on Iran's international trade. Anathema to the White House both for the financial fillip to the Islamic Republic and for adding an economic dimension to Tehran's political positioning in Baghdad, the permission recognises Iraq's dependence on the gas lifeline to meet rising power generation requirements—reducing electricity shortages that have proven potential to spark public unrest. Nonetheless, acquiescence is granted only under short-term waivers and accompanied by huge pressure on the Iraqi authorities to step up development of indigenous gas resources, wh
Also in this section
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy