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!  

Start your own projects. See our RESOURCES page.
Make connections via our GROUPS 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.


Stranded Assets in Oil and Gas a Reality

Though climate change will no doubt prove to be one aspect of stranded …

IEA report: US shale oil growth practically zero in 2017

US growth is seen to decline to a meagre 160 kb/d by 2017. That is plausible …

Richard Heinberg on Our Renewable Future

Richard Heinberg discusses our renewable future and how to get there.

Peak Oil Review - Mar 2

A weekly roundup of peak oil news, including: -Oil and the global economy …

Oil Prices Don’t Change Because of Rig Count

Oil prices don’t change based on weekly rig count reports. Yet every …

Energy policy - Mar 1

Syriza: another energy is possible / Renewable energy grab in the Sahara? / …

The Great Game in the Holy Land

Guess what? Almost all the current wars, uprisings, and other conflicts in …