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Feb 14, 2024 | 
argusmedia.com | Bachar Halabi
Shell said today it will withdraw from talks to build a petrochemicals plant in Iraq's southern oil hub of Basra after nearly 10 years of trying to get the project off the ground, dealing a blow to Baghdad's aim of driving foreign investment in its energy sector. "After in-depth evaluation on the feasibility of the Nebras integrated petrochemicals complex with our government partners, Shell has decided not to proceed with the project," Shell said.
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Feb 13, 2024 | 
argusmedia.com | Bachar Halabi
UN climate summit Cop 28 president Sultan al-Jaber has set up a group — dubbed the troika — linking the UAE presidency with the Cop 29 Azerbaijan and Cop 30 Brazil presidencies in a bid to maintain political momentum into 2025. "We must keep the political momentum and Cop continuity going," al-Jaber said at the World Government Summit in Dubai.
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Jan 15, 2024 | 
argusmedia.com | Bachar Halabi
An error has occured. The article you are searching for was not found. Published date: 15 January 2024 Iraq is urging the Kurdistan Regional Government (KRG) to curb crude production to help Baghdad adhere with its now lower Opec+ production quota, even though it is unclear how much output there is from the semiautonomous northern territory.
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Dec 13, 2023 | 
argusmedia.com | Nader Itayim |Bachar Halabi
Denmark's climate minister Dan Jorgensen struck an optimistic tone today calling the UN Cop 28 climate summit's decision to agree to transition away from fossil fuels "fantastic", even though he admitted he would have liked it to be stronger.
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Dec 12, 2023 | 
argusmedia.com | Michael Ball |Bachar Halabi
The UN Cop 28 climate conference in Dubai could call for "transitioning away" from fossil fuel use to help achieve net-zero global greenhouse gas (GHG) emissions by 2050, according to a new draft negotiating text obtained by Argus. The text, provided to Argus by a Cop observer, seeks to bridge the divide between countries calling for a phase-out of fossil fuels and those who oppose such language, as the talks went into overtime on Tuesday.
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Dec 12, 2023 | 
argusmedia.com | Bachar Halabi |Georgia Gratton
Negotiations continue on the final scheduled day of the UN Cop 28 climate summit in Dubai, UAE. Deep divisions remain with many countries calling for a phase out of fossil fuels, which other nations reject. "The parties have deeply held and deeply split views, especially on the language around fossil fuels", Cop 28 director-general Majid al-Suwaidi said today.
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Dec 11, 2023 | 
argusmedia.com | Georgia Gratton |Bachar Halabi |Dafydd Ab Iago |Caroline Varin
Adds reaction from negotiators and NGOs throughoutA new draft negotiating text from the UN Cop 28 climate conference calls upon countries to take action including "reducing both consumption and production of fossil fuels, in a just, orderly and equitable manner so as to achieve net zero by, before, or around 2050 in keeping with the science". It does not mention a phase-out of all fossil fuels.
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Dec 11, 2023 | 
argusmedia.com | Bachar Halabi |Victoria Hatherick |Georgia Gratton
The head of the UN's climate body has called on countries to clear "tactical blockades" to reach a meaningful deal on tackling climate change at the UN Cop 28 conference in Dubai. A new draft text for a possible agreement will be published shortly, UNFCCC executive secretary Simon Stiell said in Dubai. "The areas where options need to be negotiated have narrowed significantly," he added.
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Dec 10, 2023 | 
argusmedia.com | Bachar Halabi
Cop 28 director-general Majid al-Suwaidi told Argus that he is confident negotiators will find common ground and agree on a "positive outcome" on energy and adaptation in the global stocktake — a five-yearly undertaking to measure global progress against Paris Agreement goals. The text below has been edited for clarity and brevity. Adaptation negotiations are seen as affecting the global stocktake and could effectively stall discussions. What do you attribute the delays to?
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Dec 10, 2023 | 
argusmedia.com | Bachar Halabi
Cop 28 director-general Majid al-Suwaidi today told Argus that the Cop 28 UN climate conference's goal should be "keeping global temperature under 1.5°C" and "tackling emissions", as negotiations enter their last stretch with fossil fuel drawing much of the focus. Countries are in the final days of negotiations on the global stocktake — a five-yearly undertaking to measure global progress against Paris Agreement goals.
