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Gulf energy giants pledge net zero – but plan to stick with oil

October 28, 2021 / Maya Gebeily / Leave a comment

[Published here October 28, 2021]

A surge of new net zero pledges from the Middle East’s oil producing nations has raised expectations ahead of the United Nations COP26 climate change summit in Glasgow starting Sunday – but campaigners say the promises fall far short of what is needed.

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Iraq gets new government amid fiscal, coronavirus crises | AFP

May 6, 2020May 24, 2020 / Maya Gebeily / Leave a comment

[Published here on May 6, 2020]

Baghdad (AFP) – Mustafa Kadhemi took office as Iraq’s premier early Thursday after breaking months of political deadlock, taking the reins amid a staggering economic crisis, a health pandemic and the spectre of renewed protests.

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As prices fall, what are the threats to oil giant Iraq? | AFP

April 2, 2020April 20, 2020 / Maya Gebeily / Leave a comment

[Published here on April 2, 2020]

Baghdad (AFP) – As crude prices plunge, Iraq’s oil sector is facing a triple threat that has slashed revenues, risks denting production and may spell trouble for future exports.

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Iraq faces financial calamity after crude crash | AFP

March 19, 2020March 19, 2020 / Maya Gebeily / Leave a comment

[Published here March 19, 2020]

Baghdad (AFP) – Between plummeting oil prices, political deadlock and reduced global appetite for a bail-out, Iraq is on the cusp of financial calamity that could force austerity measures and renew anti-government protests.

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Irked US squeezes Iraq with cash delays, short waivers | AFP

February 15, 2020February 16, 2020 / Maya Gebeily / Leave a comment

[Published here February 15, 2020]

Baghdad (AFP) – Irked by Iraq’s close ties to neighbouring Iran, Washington has begun following through on threats to squeeze Baghdad’s fragile economy with delays to crucial cash deliveries and shortened sanctions waivers.

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Iraq warns of ‘collapse’ if Trump blocks oil cash | AFP

January 13, 2020January 16, 2020 / Maya Gebeily / Leave a comment

[Published here on January 13, 2020]

Baghdad (AFP) – Iraqi officials fear economic “collapse” if Washington imposes threatened sanctions, including blocking access to a US-based account where Baghdad keeps oil revenues that feed 90 percent of the national budget.

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Iraq protests shake up government, but not oil that funds it | AFP

December 2, 2019December 4, 2019 / Maya Gebeily / Leave a comment

[Published here on December 2, 2019]

Baghdad (AFP) – Iraq has been rocked by two months of anti-government protests that brought down premier Adel Abdel Mahdi on Sunday, but its lucrative oil industry has been curiously insulated from the turmoil.

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Could Baghdad-Erbil talks end Iraq’s protracted oil dispute?

July 29, 2019July 31, 2019 / Maya Gebeily / Leave a comment

[Published here on July 29, 2019]

BAGHDAD: Iraq’s federal authorities and the cash-strapped Kurdish regional government have relaunched talks over longstanding oil and budget disputes, but observers are skeptical they will reach a genuine diplomatic reset. Here are a few questions and answers to clarify the complex issue.

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Don’t ‘politicise’ electricity, Iraq minister urges as summer nears | AFP

May 15, 2019May 17, 2019 / Maya Gebeily / Leave a comment

[Published here May 15, 2019]

Baghdad (AFP) – With temperatures rising on both the weather and security fronts across the region, Iraq’s freshman electricity minister is warning that politicising his country’s power sector could have ripple effects around the world.

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Iraq parliament approves 2019 budget, one of largest ever | AFP

January 24, 2019January 24, 2019 / Maya Gebeily / Leave a comment

[Published here January 24, 2019]

Baghdad (AFP) – Iraqi lawmakers on Thursday approved the government’s 2019 budget, which at $111.8 billion is one of the largest ever for the oil-rich country.

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