Iraq Energy Sector the Focus of IEA Report

Wednesday, February 15, 2012
The International Energy Agency<http://www.iea.org/> (IEA) will undertake a comprehensive analytical study of Iraq as part of the 2012 edition of its flagship publication, the World Energy Outlook (WEO).
"Iraq's energy sector is both central to the reconstruction and development of the Iraqi economy and of huge importance to the global outlook," said IEA Executive Director Maria van der Hoeven. "The focus on Iraq in this year's World Energy Outlook will illuminate a central issue for the future of global energy, and we are very pleased to be working with the strong support of the Deputy Prime Minister of Iraq, Dr. al-Shahristani, and in cooperation with the Iraqi authorities."
Speaking to the IEA Governing Board on 15 February, the Ambassador of Iraq to France, H.E. Dr. Fareed Yasseen, outlined Iraq's expectations for the IEA work. "Iraq has some pressing short-term challenges, but we also recognise the need to have a robust longer-term vision for our energy sector. We hope that the analysis in the World Energy Outlook can contribute to this process, providing perspectives and insights that will help us as we pursue strong social and economic development and our place as a major, dependable oil and gas exporter."
The 2012 World Energy Outlook will analyse the role of the energy sector in the Iraqi economy and trends in domestic energy demand, with a particular emphasis on the electricity and transportation sectors and domestic market structures. It will address the supply outlook and investment needs, both in power generation, transmission and distribution as well as in hydrocarbon development. It will look at the implications of Iraqi energy developments for the environment and water use, and the impacts on global energy supply and security.
According to the WEO-2011 central scenario, Iraq is set to provide the largest increase in global oil production between today and 2035, adding more than 5 million barrels per day of supply over this period. "Our aim, working with the Iraqi authorities, is to provide an in-depth outlook for the Iraqi energy sector and its role in satisfying the country's needs and in meeting global energy demand," commented IEA Chief Economist Fatih Birol, who will lead the study.
The IEA's Iraq study will be released in early October and will also be included in the full World Energy Outlook, to be launched on 12 November. The World Energy Outlook aims to provide a rigorous analytical framework for energy policy makers and the energy industry, based on robust quantitative analysis.
About the IEA
The International Energy Agency (IEA) is an autonomous organisation which works to ensure reliable, affordable and clean energy for its 28 member countries and beyond. Founded in response to the 1973/4 oil crisis, the IEA's initial role was to help countries co-ordinate a collective response to major disruptions in oil supply through the release of emergency oil stocks to the markets. While this continues to be a key aspect of its work, the IEA has evolved and expanded. It is at the heart of global dialogue on energy, providing reliable and unbiased research, statistics, analysis and recommendations.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Sardines Boost Murmansk Port Turnover

In January 2016 turnover of the Murmansk Marine Fishing Port reached 22 thousand tons of cargo, including 15 thousand tons of fish. This is higher than last year,

COSCO Plans European Transhipment Hub

China's COSCO is forging ahead with a plan to build a European transhipment hub, reports Reuters. The state owned shipping giant is expected to make an offer for

MISC Bhd: Revenue Up

Malaysia International Shipping Corporation Berhad (MISC Berhad), a shipping arm of Petronas, has seen an increase of 12.3 percent in its net profit for the 2015

Energy

Topaz Responder Saves Refugee Migrants

Topaz Energy and Marine has emerged as an unlikely player in the effort to save refugee migrants risking their lives on the sea crossing from Turkey to Greece’s islands in order to reach Europe.

UAE Plans Floating LNG Import Terminal

State-owned Abu Dhabi National Oil Co. (ADNOC) plans to start a new liquefied natural gas floating import terminal (FSRU) in the second half of this year, three LNG industry sources said.

Glencore to Lift Iranian Fuel Oil at Bandar Mahshahr

Anglo-Swiss commodity trader Glencore has chartered a ship to load Iranian fuel oil at the Iranian port of Bandar Mahshahr in a move that signals the return of

Government Update

Canada Says Lifting Some Sanctions Against Iran

The Canadian government said on Friday it was lifting some sanctions against Iran, including the broad ban on financial services, imports and exports, making Canadian

China to Enforce Low Sulphur ECA in Yangtze River Delta

Vessels calling ports in China’s Yangtze River Delta, including Shanghai, will be required to burn low sulphur fuel while at berth from April 1 this year.   China’s

COSCO Also Eyes Greek Train Network

China's COSCO already the sole bidder for Greece's Piraeus Port. Buying both would give COSCO a European transhipment hub. China's COSCO is expected to make

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Pipelines Salvage Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0878 sec (11 req/sec)