Iraq releases energy storage plan

What is Iraq's Energy Plan?

The plan includes several key pillars that support the government’s goals to enhance Iraq’s power infrastructure, as well as promote decarbonization and energy sector diversification.

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.

Can Iraq's gas growth integrated project overcome corruption and political instability?

But that’s only if the parties implementing the agreement can overcome the endemic corruption and political instability that has undermined Iraq’s oil sector for more than two decades. The Gas Growth Integrated Project focuses on bolstering the country’s oil-rich but underdeveloped Basra province.

How much gas does Iraq produce a day?

The World Bank estimates Iraq flares around 16 billion cubic meters of gas per day. The project also includes the construction of a seawater treatment plant that would relieve the pressure on Iraq’s water resources, and a solar power plant to be built with Saudi Arabia’s ACWA Power that would supply the local grid.

How has war affected Iraq's power infrastructure?

Despite the extraordinary challenges of war in recent years, Iraq has made impressive gains, nearly doubling the country’s oil production over the past decade. But the turmoil has also undermined the country’s ability to maintain and invest in its power infrastructure.

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.