Thursday Sep 29, 2022
Thursday Sep 29, 2022

Iraq signs agreement with UAE company to produce renewable energy


Nepalnews
2021 Jun 25, 12:25, Baghdad
Ayat Rawthan, a petrochemical engineer, poses for a photo near an oil field outside Basra, Iraq, Tuesday, February 5, 2021. Rawthan is among just a handful of women who have eschewed the dreary office jobs typically handed to female petrochemical engineers in Iraq. Instead, they chose to become trailblazers in the country’s oil industry, taking up the gruelling work of drilling. (Photo via AP)

Iraqi Oil Minister Ihsan Abdul-Jabbar Ismail announced on Thursday the signing of an agreement with Masdar, a renewable energy developer based in the United Arab Emirates (UAE), to establish a solar energy project in central and southern Iraq.

Ismail, who is also chairman of the Iraqi Ministerial Council for Energy, attended the signing ceremony of the agreement between the Iraqi Ministry of Electricity and Masdar to generate 2,000 megawatts, said a statement by the media office of the Iraqi Ministry of Oil.

"Iraq has a plan to replace 20 to 25 per cent of its energy produced by fossil fuels with clean energy," Ismail said.

He added that the agreement with Masdar is an important step for developing the clean energy investment sector and exploiting solar energy in Iraq.

For his part, UAE Minister of Energy and Infrastructure Suhail Al Mazrouei confirmed his government's support for the cooperation with Iraq in establishing projects of the renewable energy generation sector, said the statement.

Suha al-Najjar, head of the Iraqi National Investment Commission, said that signing the contract with the UAE company is important as it will achieve the government's goals in obtaining clean energy at a lower cost. 

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Iraq United Arab Emiratesm Signed Agreement Renewable Energy solar energy
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