Iraqi energy storage channel partner

Is foreign help enough to fix Iraq's energy problems?

Foreign help is not enough to fix energy issues, domestic reform is necessary. This past July, Iraq and France’s TotalEnergies finalized the Gas Growth Integrated Project, a $27 billion energy deal aimed at Iraq’s natural resources and improving the country’s electricity supply.

How will substations affect Iraq's power infrastructure?

The substations will strengthen the country’s power infrastructure as part of an agreed roadmap for the electrification of the New Iraq. When fully commissioned, the substations will help to deliver enough power to the national grid equivalent to the electricity needs of more than two million citizens.

Why did the Iraqi government get a follow-up order from Siemens Energy?

Customer satisfaction with the Siemens Energy products and the joint project execution of the Dresden factory as well as the Siemens Energy team located in Erlangen, Abu Dhabi and Iraq paved the way for a follow-up order by the Iraqi government for the Al Hamudhia (north-west of Baghdad) region. It includes the supply of 10 additional transformers.

What role does China play in Iraq's oil industry?

China plays a pivotal role in Iraq’s oil landscape, with over half of the nation’s oil production originating from fields operated by Chinese companies.

Is Iraq a good place to invest?

While Iraq has expressed a desire for cooperation with Gulf states in the past, its proximity to Iran and its instability hindered investment opportunities. Iraq’s political system, which has been in place for two decades now, has shown its resilience in major crises such as terrorism, secessionist movements, and large-scale protests.

How much does Iraq pay Iran for natural gas?

According to Iraqi Oil Minister Ihsan Ismael,Iraq paysIran $8 per million British thermal units (BTU) for Iranian gas. By comparison, it is estimated that it would cost the government less than $2 BTU to produce Iraqi natural gas.