Building a world of
resilient communities.

MAIN LIST

 

Iraq receives $800m to boost crude production

Iraq's new Oil Minister Thamer Ghadban welcomed yesterday the injection of $800 million from the US-led coalition to achieve his main goal of hiking production.

"As a sovereign ministry, we will have a total of $800m to work with," Ghadban said, after US overseer Paul Bremer released funding which had been frozen under the minister's predecessor.

"Our priority is to raise oil production so that we can increase exports and have hard currency revenue for Iraq, because we are conscious this is our only wealth," Ghadban said, reflecting on the challenges when Iraq recovers its sovereignty on June 30.

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.

 

This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.


California Offshore Oil Fracking Permits Halted While Federal Government Performs Environmental Review

The U.S. federal government will stop approving offshore oil fracking …

Peak Oil Review - a Midweek Update - Feb 4

 A midweek update. Price volatility increased this week with oil …

Renewables Could Outcompete Costly, Risky LNG, Investors Warned

A new industry report warns investors, governments and regulators that …

State of The Transition: Oil Oversupply, Shale Bankruptcies, Gas Leaks, and a Whiff of Securities Fraud

There is bad news everywhere for the oil and gas industry.

Once Unstoppable, Tar Sands Now Battered from All Sides

Is this the beginning of the end for the tar sands juggernaut?

Peak Oil Review - Feb 1

 A weekly roundup of peak oil news, including: -Quote of the week -Oil …

"Occupied" Norway a window into our fossil fuel addiction

Okay, I admit that the premise of Norwegian television's new political …