Oil Ministry: we seek to invest 4 billion cubic feet of gas in the next two years

 Baghdad-INA

 
The Ministry of Oil announced seeking to invest 4 billion cubic feet of gas over the next two years, indicating that this will produce more than 10,000 megawatts of electricity.

 The Undersecretary of Iraq's Ministry of Oil Hamid al-Zobaie, stated to Al-Sabah official newspaper that Iraq aims to reach the investment of 4 billion cubic feet of gas by the year of 2024, which means producing more than 10,000 megawatts of electricity.

And he indicated that the new free gas discoveries will allow the average import bill for natural gas, to be reduced over the coming years.
al-Zobaie predicted that the total natural gas investment by 2023 will reach about 2 billion and 700 million standard cubic feet per day, after the completion of investment projects with a capacity of one billion and 200 million cubic feet per day of the associated gas from the Artawi fields in Basra and the fields of Dhi Qar and Halfaya in Maysan .

the entry of the Mansouriya fields in Diyala and the Akaas field in Anbar for service, which are invested by major international companies as specialized fields for free gas, will contribute to reach the goal of investing 4 billion standard cubic feet by the end of 2024, as 400 million cubic feet per day are being invested in the Mansouriya field and 300 million cubic feet on Akaas field.