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UK weighs options to weather natural gas crisis
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Iraq Sees Oil Hovering Around $70 a Barrel Early Next Year
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ISHM: April 29 - May 6, 2021
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De-Baathification Returns As Election Nears; Iraqi President Confirms Ongoing Riyadh-Tehran Talks; Militia Commander Calls For Depopulating Volatile Towns On April 29, reports emerged of a push by the deputy speaker of parliament to re-establish the De-Baathification committee, causing uproar about its possible use to eliminate political rivals. On May 2, IHEC said it registered 267 parties and 33 electoral alliances, which include alliances between Abadi and Hakim, and between the PUK and Gorran. On May 2, the Federal Supreme Court rejected an appeal to revive provisional councils disbanded in 2019. On May 4, PMF Commision asked the Finance Minister to increase its funding so it could rehire former PMF fighters. On May 2, Kataib Hezbollah militia openly called for the forced displacement of residents from predominantly Sunni Arab towns witnessing frequent attacks, implying that depopulation was the only way to curb ISIS.On
by Bloomberg
|Tuesday, May 04, 2021
Iraq said crude prices would probably remain around $65 a barrel in the coming months and announced it s considering buying Exxon Mobil Corp. s stake in one of the world s biggest fields.
(Bloomberg) Iraq, OPEC’s second-biggest oil producer, said crude prices would probably remain around $65 a barrel in the coming months and announced it’s considering buying Exxon Mobil Corp.’s stake in one of the world’s biggest fields.
The Organization of Petroleum Exporting Countries and its allies a 23-nation grouping known as OPEC+ will continue trying to keep crude prices “within normal averages,” Oil Minister Ihsan Abdul Jabbar told reporters in Baghdad. “There is no concern about a drop in prices.”
,RIYADH: Iraq plans to invest $3 billion in the Basra Gas Company over the next five years, the Iraqi News Agency reported on Monday.
“The aim is to increase gas production capacity by 40 percent as we seek to reach 1,400 million cubic meters of gas,” Oil Minister Ihsan Abdul Jabbar told reporters.
“Basra Gas Company is currently in an excellent situation and there is a government commiment to provide the dues,” he said.
The investment plan will provide about 2000 jobs during the construction period of the project, the company said.
Iraq is also boosting its domestic cooking gas supplies, with the Basra Gas Company now accounting for 80 percent of supplies in the country.
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