Iraq west africa energy storage subsidy

Should Iraq rely on state financing for energy projects?

There has scarcely been a more urgent time for Iraq to pursue crucial reforms in its energy sector to ensure that investment continues even when government revenues have been decimated by low oil prices. The alternative of continuing to rely on direct state financing of large projects only increases the risk that these projects are delayed.

Will IEA support Iraq's Energy reforms?

As Iraq’s newly formed government begins to tackle the long list of considerable challenges it faces, the IEA stands ready to support the country in its efforts to enact the reforms that will help its energy sector – and its economy – meet its vast potential.

Could a sovereign wealth fund help West Africa's energy sector?

West Africa’s energy sector demands renewal and decarbonisation. Pro-investment policy coupled with renewable energy technologies could transform the sector and meet urgent social and economic needs – and sovereign wealth funds could play a big part in the process

Is West Africa on the cusp of a regional power market?

“West Africa is on the cusp of a regional power market that promises significant development benefits and potential for private sector participation,” stated Charles Cormier, Practice Manager in the Energy Global Practice at the World Bank.

Why is government financing a major infrastructure project in Iraq a problem?

The current model, which favours government financing of large infrastructure projects across the sector, is prohibitively burdensome at times of depressed oil revenues and risks indefinite delays to projects that are crucial to Iraq’s economic development.

How has war affected Iraq's power infrastructure?

Despite the extraordinary challenges of war in recent years, Iraq has made impressive gains, nearly doubling the country’s oil production over the past decade. But the turmoil has also undermined the country’s ability to maintain and invest in its power infrastructure.