To discuss gas investment file, an upcoming visit for Oil Minister to US

Baghdad - INA

Oil Minister Hayan Abdul Ghani confirmed today, Saturday, the intention to refer 10 gas exploration blocks for investment in a new licensing round, and while revealing an upcoming visit to the United States to discuss offering them to international companies, he confirmed the intention to launch a new gas investment project at the end of the year with a capacity of 125 Mcm.

Abdul Ghani told Al-Iraqiya News - and the Iraqi News Agency (INA) followed it: "The fifth supplementary and sixth licensing round included 29 blocks and fields, and contracts were completed on 14 of them, and there are about 10 gas blocks out of the remaining that companies have not applied for and we are in the process of offering them in a new licensing round.".

He added, "The Ministry of Oil plans to offer these gas investment opportunities to specialized companies, and we have a visit to the United States soon for this purpose, as we plan to offer them to global American companies.".

He added, "The Ministry of Oil took the initiative to drill an exploratory well in the Al-Anz block with a capacity of 1,000 cubic meters, and the Halfaya gas investment project was opened with a capacity of 300 cubic meters, and it is hoped to launch the gas investment project in the Al-Faiha oil field by the end of this year with a capacity of 125 cubic meters."