Iraq: International companies made offers to invest in gas

Economy

22-07-2023, 19:29

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INA - BAGHDAD

Iraqi Ministry of Oil set the date for ending the associated gas flaring file and achieving self-sufficiency, while indicating the desire of Arab and foreign companies to invest in the associated gas file.

"The contracts are ongoing, as the fifth round, its appendix and the sixth round were announced, and there are plans to fully exploit and develop the fields in order to increase oil and gas production capacity," ssid the Undersecretary of the Ministry of Oil for Extraction Affairs, Bassim Muhammed Khudair, to the Iraqi News Agency - INA.

He added, "American, Arab, Saudi and Qatari international companies have made technical and commercial offers and want to participate in gas investment in Iraq," noting that "there are ongoing discussions with Aramco regarding the Akkas gas field."

"The ministry is working within successive steps to end the associated gas flaring file and achieve self-sufficiency in gas, and it is hoped to complete the file in 2030," he included.