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Iraq Expands Gas Projects to Curb Flaring

Iraq Business News: Oil & Gas

In liquefied petroleum gas (LPG), production rose from 2 million tonnes in 2024 to 3 million tonnes in 2025. Exports also surged from 250,000 tonnes in 2023 to 1 million tonnes in 2025.

Gas
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Middle East Conflict Jolts Energy Markets

Enverus

Strategic Petroleum Reserve is depleted by 200 million barrels to 2021. It now expects EVs will comprise only 20% of sales by 2030, down from a previous estimate of 50%, a revision suggesting more demand for oil in the transportation sector. Global oil stocks are below five-year averages, and the U.S.

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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

billion tons by 2030. The cap tightening equates to a 62 percent reduction by 2030 compared to 2005 levels. The cap tightening equates to a 62 percent reduction by 2030 compared to 2005 levels. Prices are expected to continue to rise, potentially reaching €110 to €150/ton by 2030. percent, dropping to around 0.8

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Basra Gas Company to Boost LPG Output

Iraq Business News: Oil & Gas

The Ministry of Oil plans to increase the production of liquefied petroleum gas (LPG) at the Basra Gas Company (BGC) to more than 8,000 tonnes per day in the coming years. These projects aim to eliminate gas flaring and thermal emissions between 2028 and 2030, in line with Iraq's commitment to the 2016 Paris Agreement. By John Lee.

Gas
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Woodside assumes operatorship of Bass Strait assets

Oil & Gas Journal

He is a member of the Society of Petroleum Engineers (SPE). He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University.

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From Wellhead to Server Rack – How U.S. Shale Is Powering the AI Data Center Boom

Oil Gas Leads

electricity by 2030, up from just 2% today. Occidental Petroleum (OXY): Decarbonization as a Differentiator OXY is not building power plants but is deeply invested in carbon management solutions that appeal to AI players under pressure to go green. The same shale producers who drove the U.S.

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Egyptian-Chinese JV Established for First Phase of Red Sea Petrochemicals Complex in Ain Sokhna

Egypt Oil & Gas

CNCEC), ENPPI, and Petrojet, in the presence of Prime Minister Mostafa Madbouly and the Minister of Petroleum and Mineral Resources, Karim Badawi. The agreement was signed between the Red Sea National Petrochemicals Company, China National Chemical Engineering Co.