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Iran Nuclear Talks Head For Crucial Weekend Discussions ....

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Will Iraq Become A Petrochemicals Powerhouse?

There are three key reasons why the development of a world-class petrochemicals (petchems) sector is vital to Iraq’s future.
First, its heavy reliance on crude oil exports makes it extremely financially vulnerable both to downturns in the oil price and to the political whims of its fellow OPEC members, especially Saudi Arabia. Second, plain crude oil exports, particularly in the depressed pricing environment that is likely to endure for some time, do not provide the much higher export value that petchems do. Third, Iraq has the natural resources of both oil and gas that can make it a world leader in the petchems sector. ....

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Iraq Moves To Exploit Its Massive Natural Gas Reserves

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Iraq Moves To Exploit Its Massive Natural Gas Reserves
By Simon Watkins - Apr 05, 2021, 7:00 PM CDT
Official estimates are that Iraq’s proven reserves of conventional natural gas amount to at least 3.5 trillion cubic meters (tcm), or about 1.5 percent of the world’s total, placing Iraq 13th among global reserve-holders, with around three-quarters of this figure comprising associated gas that is found in the same reservoirs as oil. The International Energy Agency, though, estimates that ultimately recoverable resources will be considerably larger, at 8.0 tcm, of which around 30 percent is thought to be in the form of non-associated gas. Despite these huge potential gas resources, Iraq has made little substantial progress over the years on developing this potential either for associated or non-associated gas, mainly flaring the former and overlooking the latter. Last week, though, a heads-of-agreement deal was announced with French oil and ....

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