The Chair of the Ministerial Council for Energy, Minister of Oil Ihsan Abdul-Jabbar, signed on Thursday a contract for a clean energy project with the Emirati “Masdar” company.
Read More »Iraq plans nuclear power plants to tackle electricity shortage
Iraq is planning to build eight nuclear reactors to tackle a crippling power shortage in the oil-rich economy. Iraq is working on a plan to build nuclear reactors as the electricity-starved petrostate seeks to end the widespread blackouts that have sparked social unrest. OPEC’s No. 2 oil producer – already …
Read More »Siemens Wins 400kV Substation Contract in Iraq
Siemens Energy and the Iraqi Ministry of Electricity have signed a contract for the Al Hamudhia substation, which will provide reliable and efficient power supply to the cities of Ramadi, Fallujah, Saqlawyah, Khalediyah and surrounding areas in Al Anbar Governorate, North West of Baghdad. Located about 20 kilometers away from …
Read More »Iraq signs a two-year contract with Iran to export electricity: Energy minister
Iranian Minister of Energy Reza Ardakanian announced on Wednesday that a two-year contract was signed with Iraq to export electricity. Elaborating on the achievements made during his visit to Iraq, Ardakanian said that all contracts for the export of electricity to Iraq have used to be one-year, but during this …
Read More »Iran energy minister in Iraq to discuss bilateral cooperation
Islamic Republic of Iran and Iraq are set to develop and enhance cooperation in the field of electricity. For this reason, the Iranian Minister of Energy Reza Ardakanian arrived in Baghdad, capital of Iraq, on Wed. and met with his Iraqi counterpart and some other officials of this neighboring country. …
Read More »Explosions reduce supply electricity rate in third of Iraq
The Ministry of Electricity and local officials said on Thursday that the rate of supplying electrical energy in six Iraqi governorates, including the capital, Baghdad, had decreased due to the targeting of power transmission towers in Diyala Governorate with roadside bombs. The Ministry of Electricity said in a statement today …
Read More »US grants Iraq another month’s waiver for Iran gas imports
The U.S. has again granted Iraq only a month-long sanctions waiver enabling the government to continue importing gas and electricity from Iran, two Iraqi officials said, a sign of Washington’s growing impatience as a deadline looms for Iraq’s latest prime minister-designate to form a government. The issuance of another 30-day …
Read More »Iraq Has To Import Gas And Electricity From Iran For Years, Says Minister
With just two days remaining to the expiration of a thirty-day U.S. waiver to import Iranian gas and electricity, the Iraqi Minister of Electricity says it will take three to four years for the country to stop importing energy from Iran. Luay al-Khateeb said that it would take several years …
Read More »US to exempt Iraq from sanctions against Iran, Iraqi officials say
The United States has announced to Iraq its readiness to renew sanctions waivers allowing the country to continue importing gas and electricity from Iran, Iraqi officials say. The Associated Press cited what it called three senior members of Iraq’s government as saying that the US State Department has conveyed its …
Read More »Iran cannot access $5 billion of energy money in Iraq: Official
Iran’s money from exports of gas and electricity has piled up to $5 billion in a bank account in Iraq, but Tehran cannot transfer it because of the US sanctions, an official says. Iraq relies on Iran for trade and natural gas that generates as much as 45% of its …
Read More »As 46,000,000 turkeys consumed: How much energy do Americans use on Thanksgiving?
You might be surprised to know that Americans consume far less energy on Thanksgiving than on a regular Thursday, despite the fact that the nation will use 350GW to roast 46 million turkeys. So, while we spend time being thankful this Thursday as we gather around the dinner table with …
Read More »Iraqi PM discusses a huge electrical project in Iraq with GE.
The Iraqi Prime Minister, Adel Abdul Mahdi received the CEO of General Electric Company for Renewable Energy (GE Renewables), Jérôme Pécresse and his accompanying delegation. The Prime Minister affirmed his support for GE’s projects in the electricity sector, including the transport networks project, which the Iraqi government intends to accelerate …
Read More »Iraq resists U.S. pressure to reduce Iranian gas imports
Iraq will struggle to generate enough electricity unless it continues to use Iranian gas for three to four more years, the electricity minister said on Tuesday, resisting U.S. pressure to stop the imports from its Middle East neighbor. Iranian oil exports have tumbled since the United States imposed new sanctions …
Read More »Siemens wins a €284m Turbines contract for Iraq power project.
German industrial giant Siemens won a €284 million contract to supply gas and steam turbines and generators for an independent power project in Iraq, which is pushing to upgrade its utility infrastructure. Citic Construction, the contractor building the plant and the project developer Maisan Power Company, jointly awarded the contract, …
Read More »World Bank to lend $200m to Iraq for Electricity improvement.
According to the agreement, which was signed by Finance Minister Fuad Hussein and Yara Salim, a representative to the World Bank, Iraq will focus on improving the power supply in the southern provinces where people have been protesting against the lack of basic public services, including electricity and other related …
Read More »Bitcoin’s energy consumption ‘equals that of Switzerland’
Bitcoin uses as much energy as the whole of Switzerland, a new online tool from the University of Cambridge shows. The tool makes it easier to see how the crypto-currency network’s energy usage compares with other entities. However, one expert argued that it was the cryptocurrency’s carbon footprint that really …
Read More »Iran seizes 1,000 Bitcoin mining machines.
Authorities in Iran have seized roughly 1,000 Bitcoin mining machines from two former factories, according to state TV reports. The action was taken following a spike in electricity consumption. Demand for power rose by 7% in June and cryptocurrency mining was thought to be the main cause, an energy ministry …
Read More »US extends waivers for Iraq to import energy from Iran.
Washington has granted Iraq another 90-day waiver to allow it to keep importing gas and electricity from neighboring Iran, which is under tough US sanctions, two Iraqi government sources say. Speaking on condition of anonymity, one of the sources said on Saturday that the extension came following “long discussions” with …
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