Climate Week Sees Affirmation of Arab Region’s Ability to Lead the Field of Renewable Energy

Dr. Abdullah Al-Dardari attends a dialogue session during the Climate Week in Riyadh. (Asharq Al-Awsat)
Dr. Abdullah Al-Dardari attends a dialogue session during the Climate Week in Riyadh. (Asharq Al-Awsat)
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Climate Week Sees Affirmation of Arab Region’s Ability to Lead the Field of Renewable Energy

Dr. Abdullah Al-Dardari attends a dialogue session during the Climate Week in Riyadh. (Asharq Al-Awsat)
Dr. Abdullah Al-Dardari attends a dialogue session during the Climate Week in Riyadh. (Asharq Al-Awsat)

The Regional Director of the United Nations Development Program, Dr. Abdullah Al-Dardari, said that the potential possessed by the Arab region qualifies it to lead the transition towards clean and renewable energy, praising Saudi Arabia’s circular economy approach and its efforts to reduce pollution and preserve the environment.

In an interview with Asharq Al-Awsat on the sidelines of the Middle East and North Africa Climate Week (MENACW) 2023 in Riyadh, Al-Dardari noted that the field of renewable energy constituted a great opportunity to diversify sources of income, noting that the Arab region faces many difficult environmental conditions, including water scarcity, food security threats, and environmental and climate crises.

The UN official emphasized the presence of a historic opportunity for the region to be an international leader in sustainable economy, as the cost of producing renewable energy has become relatively cheap and competitive compared to traditional energy sources, while the region also possesses financial resources, minds, and a political desire to drive the transition towards clean energy.

Emphasis must be placed on improving the efficiency of traditional energy use, in addition to enhancing the reliance on renewable energy, Al-Dardari said, noting that this includes reducing pollution and emissions and increasing economic and environmental efficiency.

He also pointed out the importance of investing in knowledge, research, development and production to achieve these goals.

Al-Dardari stressed that the region must adapt to current climate changes, and suggested developing genetically modified agricultural products to enable their cultivation in difficult conditions, such as high temperatures, water shortages, and drought.

He also underlined the necessity of working to reduce the waste of resources, saying that studies have shown that a third of the region’s resources are squandered.

“This constitutes an environmental and economic challenge that must be addressed,” he told Asharq Al-Awsat.

The United Nations Development Program works to protect the environment and promote sustainable development in the Arab countries on an ongoing basis, through initiatives aimed at enhancing food security, providing various environmental solutions, and training cadres on best practices that help in completing environmental projects.



BP Nears Deals for Oil Fields, Curbs on Gas Flaring in Iraq

British Prime Minster Keir Starmer (L) welcomes Prime Minister of Iraq Mohammed Shia al-Sudani to 10 Downing Street in London, Britain, 14 January 2025. (EPA)
British Prime Minster Keir Starmer (L) welcomes Prime Minister of Iraq Mohammed Shia al-Sudani to 10 Downing Street in London, Britain, 14 January 2025. (EPA)
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BP Nears Deals for Oil Fields, Curbs on Gas Flaring in Iraq

British Prime Minster Keir Starmer (L) welcomes Prime Minister of Iraq Mohammed Shia al-Sudani to 10 Downing Street in London, Britain, 14 January 2025. (EPA)
British Prime Minster Keir Starmer (L) welcomes Prime Minister of Iraq Mohammed Shia al-Sudani to 10 Downing Street in London, Britain, 14 January 2025. (EPA)

Iraq and British oil giant BP are set to finalize a deal by early February to develop four oil fields in Kirkuk and curb gas flaring, Iraqi authorities announced Wednesday.

The mega-project in northern Iraq will include plans to recover flared gas to boost the country's electricity production, they said.

Gas flaring refers to the polluting practice of burning off excess gas during oil drilling. It is cheaper than capturing the associated gas.

The Iraqi government and BP signed a new memorandum of understanding in London late Tuesday, as Prime Minister Mohammed Shia al-Sudani and other senior ministers visit Britain to seal various trade and investment deals.

"The objective is to enhance production and achieve optimal targeted rates of oil and gas output," Sudani's office said in a statement.

Iraq's Oil Minister Hayan Abdel Ghani told AFP after the new accord was signed that the project would increase the four oil fields' production to up to 500,000 barrels per day from about 350,000 bpd.

"The agreement commits both parties to sign a contract in the first week of February," he said.

Ghani noted the project will also target gas flaring.

Iraq has the third highest global rate of gas flaring, after Russia and Iran, having flared about 18 billion cubic meters of gas in 2023, according to the World Bank.

The Iraqi government has made eliminating the practice one of its priorities, with plans to curb 80 percent of flared gas by 2026 and to eliminate releases by 2028.

"It's not just a question of investing and increasing oil production... but also gas exploitation. We can no longer tolerate gas flaring, whatever the quantity," Ghani added.

"We need this gas, which Iraq currently imports from neighboring Iran. The government is making serious efforts to put an end to these imports."

Iraq is ultra-dependent on Iranian gas, which covers almost a third of Iraq's energy needs.

However, Teheran regularly cuts off its supply, exacerbating the power shortages that punctuate the daily lives of 45 million Iraqis.

BP is one of the biggest foreign players in Iraq's oil sector, with a history of producing oil in the country dating back to the 1920s when it was still under British mandate.

According to the World Bank, Iraq has 145 billion barrels of proven oil reserves -- among the largest in the world -- amounting to 96 years' worth of production at the current rate.