Iraqi Kurdistan has energy capacity to help Europe
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2 سال پیش
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The Kurdish region of northern
The Kurdish region of northern Iraq has the capacity to make up for at least some of the energy shortfall in Europe, Kurdish Prime Minister Masrour Barzani said on Monday. Barzani told an industry conference in Dubai that Kurdistan would soon become an important source of energy that would meet global demand and it would export to Turkey in the near future.
#eudebates the unique initiative aiming to promote debate, dialogue, knowledge, participation and communication among citizens. #Iraq #Gas #Oil #Russia #Kurdistan #KURDS
Kurdistan has energy capacity to help Europe: Iraqi Kurdish PM
We will become a net exporter of gas to the rest of Iraq, Turkey, and Europe in the near future, and help meet their energy security needs. Already we have an export oil capacity which acts as an essential economic lifeline for us and a vital potential supply for our partners. I’ve also had talks with the federal government of Iraq, Turkey, and the Gulf countries about the regional railway network. I believe that this could be transformational for Iraq and the region, creating new trade routes and another window for regional cooperation.
To meet his agenda we will need help, the support of our friends, many of whom are here in this room, and the courage of our partners to overcome their inhibitions. A strong, economically independent Kurdistan is no threat to its neighbors or to our partners in Baghdad. In fact, it is the opposite. We have demonstrated time and again our strength of purpose and our loyalty to our friends. We are a people of our word. If we act as a united front, the challenges that affect us all can be mitigated. We can, and will, help countries of our region and beyond meet their energy needs, as well as consolidating our own society.
As we continue to develop our oil and gas potential, we will retain a focus on renewable. The shift towards renewable energy is both a noble cause and an economic necessity. Renewable energy costs have fallen year on year. Governments have increasingly encouraged, and in some cases financed, the pivot to renewables. But I also remember—I also remember well that over a decade ago analysts warned that oil-dependent states and governments would be condemned to economic freefall, lest they pivot to renewables—that it was now or never to wean off oil and gas. They even had a name for it, the end of the fossil fuel era.
And yet, today a conflict on the European continent has exposed the fallacy of that prediction. I should make it clear in this forum that we in Kurdistan have the capacity now to make up for at least some of the shortfalls of oil in Europe, if our partners in Baghdad are prepared to work with us. So today I want to be realistic about our needs and cautious in our assessment. I have no doubt that oil and gas will remain an essential part of the energy mix of the foreseeable future. And although I recognize that we will inevitably wean off dependence on an exclusive source of revenue and growth, it will not happen overnight.
EITHNE TREANOR: And I believe they certainly will do. Majid, when we look at the potential for gas—you’re the only gas operator, so to speak, here. And again, the prime minister talks about that. I think one theme we’re hearing at this Atlantic Council too is the tremendous opportunity for gas. And we look at the situation in Europe. We look at what’s happening in Russia. Is there enough gas there? And is there the potential that actually gas from Kurdistan could one day be coming and servicing the European market?
MAJID JAFAR: Yes. So this point about the global energy security, which has come to the fore, of course, because of the conflict in Europe, and we’re absolutely hearing that all day today, in every panel session, I would say. And I think the role that the Kurdistan region plays—first of all, on oil. Half a million barrels a day of oil and the potential to increase that is critical for current oil markets. And then on the gas side, as I said, we will be at, you know, a bcf a day within a couple of years, and covering the domestic needs within the Kurdistan region.
Oil producers who felt like outcasts at the COP 26 climate conference last year are now being treated like superheroes because their supplies are in strong demand, UAE energy minister Suhail al-Mazrouei said on Monday at an industry event.
Mazrouei suggested it was not possible to underinvest and preach renewables and then ask for output boosts during a crunch -- long-term planning is needed.
“I think in COP 26 all the producers felt they were uninvited and unwanted but now we are again superheroes, it’s not going to work like that,” he said.
Resource-rich developing nations have often pushed back against calls for a rapid move away from fossil fuels, arguing for a more orderly transition.
The United Arab Emirates will work with OPEC+ to make sure the energy market is stable, he said.
#eudebates the unique initiative aiming to promote debate, dialogue, knowledge, participation and communication among citizens. #Iraq #Gas #Oil #Russia #Kurdistan #KURDS
Kurdistan has energy capacity to help Europe: Iraqi Kurdish PM
We will become a net exporter of gas to the rest of Iraq, Turkey, and Europe in the near future, and help meet their energy security needs. Already we have an export oil capacity which acts as an essential economic lifeline for us and a vital potential supply for our partners. I’ve also had talks with the federal government of Iraq, Turkey, and the Gulf countries about the regional railway network. I believe that this could be transformational for Iraq and the region, creating new trade routes and another window for regional cooperation.
To meet his agenda we will need help, the support of our friends, many of whom are here in this room, and the courage of our partners to overcome their inhibitions. A strong, economically independent Kurdistan is no threat to its neighbors or to our partners in Baghdad. In fact, it is the opposite. We have demonstrated time and again our strength of purpose and our loyalty to our friends. We are a people of our word. If we act as a united front, the challenges that affect us all can be mitigated. We can, and will, help countries of our region and beyond meet their energy needs, as well as consolidating our own society.
As we continue to develop our oil and gas potential, we will retain a focus on renewable. The shift towards renewable energy is both a noble cause and an economic necessity. Renewable energy costs have fallen year on year. Governments have increasingly encouraged, and in some cases financed, the pivot to renewables. But I also remember—I also remember well that over a decade ago analysts warned that oil-dependent states and governments would be condemned to economic freefall, lest they pivot to renewables—that it was now or never to wean off oil and gas. They even had a name for it, the end of the fossil fuel era.
And yet, today a conflict on the European continent has exposed the fallacy of that prediction. I should make it clear in this forum that we in Kurdistan have the capacity now to make up for at least some of the shortfalls of oil in Europe, if our partners in Baghdad are prepared to work with us. So today I want to be realistic about our needs and cautious in our assessment. I have no doubt that oil and gas will remain an essential part of the energy mix of the foreseeable future. And although I recognize that we will inevitably wean off dependence on an exclusive source of revenue and growth, it will not happen overnight.
EITHNE TREANOR: And I believe they certainly will do. Majid, when we look at the potential for gas—you’re the only gas operator, so to speak, here. And again, the prime minister talks about that. I think one theme we’re hearing at this Atlantic Council too is the tremendous opportunity for gas. And we look at the situation in Europe. We look at what’s happening in Russia. Is there enough gas there? And is there the potential that actually gas from Kurdistan could one day be coming and servicing the European market?
MAJID JAFAR: Yes. So this point about the global energy security, which has come to the fore, of course, because of the conflict in Europe, and we’re absolutely hearing that all day today, in every panel session, I would say. And I think the role that the Kurdistan region plays—first of all, on oil. Half a million barrels a day of oil and the potential to increase that is critical for current oil markets. And then on the gas side, as I said, we will be at, you know, a bcf a day within a couple of years, and covering the domestic needs within the Kurdistan region.
Oil producers who felt like outcasts at the COP 26 climate conference last year are now being treated like superheroes because their supplies are in strong demand, UAE energy minister Suhail al-Mazrouei said on Monday at an industry event.
Mazrouei suggested it was not possible to underinvest and preach renewables and then ask for output boosts during a crunch -- long-term planning is needed.
“I think in COP 26 all the producers felt they were uninvited and unwanted but now we are again superheroes, it’s not going to work like that,” he said.
Resource-rich developing nations have often pushed back against calls for a rapid move away from fossil fuels, arguing for a more orderly transition.
The United Arab Emirates will work with OPEC+ to make sure the energy market is stable, he said.
2 سال پیش
در تاریخ 1401/02/04 منتشر شده
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