IRENA noted heavily subsidized energy tariffs in Iraq, which supplies up to 40 percent of the gas needed for power stations.
3 reports, 3 independent
Updated Aug 17
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What happened
IRENA noted heavily subsidized energy tariffs in Iraq, which supplies up to 40 percent of the gas needed for power stations.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Government sets ambitious energy targets for the electricity sector in Iraq.Sub-event
SIGIR findings detail the failure and massive overspending in Iraq's electricity sector.1 source
IRENA reported on heavily subsidized energy tariffs and gas supply cuts in Iraq due to attacks on gas fields.1 source
Keep exploring
Part of
Policy decisions regarding fossil fuels are causing disruptions to oil flow from the Middle East, tied to geopolitical stability.Also in this story
- Escalation of attacks in the Middle East involving Iranian targets in Iraqi bases, a drone hitting a US-owned tanker, and Saudi Arabia joining strikes alongside the US.
- Joint strikes were conducted in Iraqi provinces, while Iran actions simultaneously risked strategic oil flows through the Strait of Hormuz.
- The region is the operational base for the industry.
- Chevron re-established its presence in Iraq's energy sector and plans to develop the Balad oilfield.
The entities involved
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International Renewable Energy Agency
international organization
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Iraq
sovereign state in Western Asia
Related events
- Iraq and Turkey rely on Iranian gas for energy, while China buys over 80% of Iran's crude oil amidst US economic pressure.
- Iraq seeks higher oil production quota from OPEC.
- US sanctions on Iran are affecting Iraqi policy, prompting a push for domestic oil and gas bill advancement.
- Iraq is strategically developing its oil and gas sectors.
- Iraq is seeking to expand its oil production and refining capacity, leading to a new partnership deal reviving Chevron's presence in the country.