As Iraq’s third bid round for gas field development drags on, mired by successive delays, with no viable commercial structure in the draft model contract and confusion over the utilization of gas to be produced, Iraq’s next government is better off focusing on increasing Iraq’s gas reserves by launching an exploration drive to find new gas resources and develop them. Iraq has 65 defined exploration blocks on its maps, the…
Tag: power generation
A History of Waste
Iraq is struggling between the urge to become a regional – and eventually an international – player on the gas scene and the need to supply a domestic market whose demand for gas for power generation is expected to continue rising drastically. That urge is exacerbated by the KRG’s ability to conclude swift deals to export gas regardless of whether such deals – which, like exporting oil, would require state…
Electricity Woes
Baghdad – Iraqi Prime Minister Nouri al-Maliki, while standing by his resigning minister of electricity Karim Wahid, blamed the latter for raising people’s expectations and promising quick solutions to the electricity problems. The truth is, he said, the situation will not improve until the projects to build new power plants and install turbines contracted from GE and Siemens are done within two years. But would they? Maliki is committing the…