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Middle East gas can power regional prosperity
The Middle East natural gas playbook is being rewritten. The fuel source offers the region a pathway to a cleaner, sustainable and affordable means of local power, to fasttrack economic development and as a lucrative opportunity to better monetise its energy resources.
Iraq’s tangled Ceyhan oil web
KRG, Iraq’s central government and Turkey are all working to get exports flowing from the key port, but complications remain
Iraq seeks alternatives to Iranian gas
The country is facing energy shortfalls this summer amid reduced Iranian gas imports and difficulties leasing an FSRU
Iraqis look north for progress
Two recent developments raise the prospect of a revival in northern Iraqi oil and gas fortunes, but familiar obstacles could thwart momentum
Turning potential into reality in Iraq
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
Regional visions in Iraq
Although Iraq remains a major crude exporter, it is still some way from becoming a regional energy supply hub. Ambitious new cross-border schemes aim to rectify that situation
Enticing new partners to invest in Iraqi energy security
There are opportunities for attractive returns and greater project success amid a real push by the Iraqi government for reform, as long as there is a shared understanding between the needs of investors and the host government
Raising the stakes in Iraq
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
Enabling Iraq’s energy independence
Transforming Iraq’s natural gas sector is the key to the country’s energy self-sufficiency, allowing it to chart a course towards becoming a supply hub for the wider region
From the Archives: Baghdad and Beirut
Our look into Petroleum Economist's archives continues with October 1960 coverage of another key moment in the history of oil and gas: the founding of OPEC
Iraq Covid-19
Ahmed Mehdi
6 October 2020
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Iraq faces crude marketing challenges

The Mid-East Gulf producer may need to take lessons from its peers to achieve best value in a crowded market

Middle Eastern NOCs have long faced a twin challenge of ever more competitive markets in their traditional East of Suez backyard and the need to squeeze out more revenue from their production. From Oman’s decision in the mid-2000s to make its crude freely tradeable in the spot market to the move several years later by Abu Dhabi’s Adnoc to charge a premium for lifting destination restrictions on some of its cargoes, they have been constantly changing their business models to try to capture greater value from their crude sales. Covid-19 has served only to reinforce the importance of East of Suez, as refining margin weakness forces more closures in the West. So, is the time ripe for more tradit

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