Oil Minister reveals the size of gas and solar energy investment projects in Iraq

Economy
  • 12-03-2023, 14:20
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    INA-  BAGHDAD

    Oil Minister Hayan Abdel-Ghani revealed Sunday the contract for a solar energy project with a capacity of 1,000 megawatts, while indicating that the government has paid attention to focusing on gas investment and benefiting from this energy.

     "The government has paid attention to focusing on investing in gas and benefiting from this energy," Abdul-Ghani said, on the sidelines of the Iraq Climate Conference, to the Iraqi News Agency (INA).

     He added, "The ministry worked to review the existing projects in gas investment in the southern, central and northern fields," noting that "the amount of gas used in generating electric power amounted to 56 percent."

     He added, "For the first time in Iraq, a solar energy project with a capacity of 1,000 megawatts will be contracted," noting that it is "a large and exemplary project and an example for the use of renewable energy."

     Abdul-Ghani added, "The ministry is working on several projects in the coming period, including a project to invest 200 million cubic feet of gas in Nasiriyah, as well as a project to invest 300 million cubic feet in Maysan, which is one of the promising projects, as power stations will be installed that depend on this gas."  

     He pointed out, "The fifth licensing round, mostly gas fields, provides about 750 to 1,000 million cubic feet of gas, and it will be implemented within 3 years as a first stage."