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.


Starting Over  

What if we didn’t have to work around the grid we have today, with all …

Peak Oil Review - Aug 29 2016

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

Oil reserves and resources as function of oil price

Motorists enjoy lower prices at the pump. How long will that continue?

Fracking and Health: What we Know from Pennsylvania's Gas Boom

Tensions between economic development, energy policy and environmental and …

Peak Oil Review: A Midweek Update - 24th Aug 2016

 A midweek update. It has been a volatile three days for oil with …

How We Went on an Energy Diet, and What We Lost (and Gained!)

In which I reveal the changes in our household energy usage from 2003 …

Five Billion Years of Energy Supply: the "Stereosphere" and the Upcoming Photovoltaic Revolution

Both the biosphere and the stereosphere use solar light as the energy …