Iraq energy storage foundation

How can Iraq improve energy sustainability?

According to Jafar, current operations in Iraq, like reducing carbon dioxide emissions and using natural gas to enable renewable sources, are vital to developing energy sustainability and contributing to the global climate agenda.

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.

What is the future of electricity supply in Iraq?

There are a number of pathways available for the future of electricity supply in Iraq but the most affordable, reliable and sustainable path requires cutting network losses by half at least, strengthening regional interconnections, putting captured gas to use in efficient power plants, and increasing the share of renewables in the mix.

Why is Jafar focusing on Iraq's energy needs?

Furthermore, Jafar emphasized the importance of Iraq’s electricity needs as the current government of Prime Minister al-Sudani prioritizes gas production to provide power generation. Jafar stated that the exploration and development of Iraq’s undeveloped gas fields should be a critical area of focus for the future.

What is the goal of Iraq's energy crisis?

The goal should be providing 24-hour electricity for Iraqi citizens, which is critical for stability and economic development. Once the power needs are fulfilled, the priority is to use gas for industrial development and job creation, with any surpluses being exported.

Does Iraq allow private investment in the oil sector?

Unlike some of its regional neighbors, such as Iran and Kuwait, Iraq’s Constitution allows private investment in the oil sector if the investment model aligns the interests of investors with those of the host government.