Iraq is moving to open investment in 10 oil sites to enhance gas production

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Iraq is moving to open investment in 10 oil sites to enhance gas production

Today, Sunday, Representative Ali Saadoun confirmed that Iraq is moving to open investment in seven to ten sites to increase its natural gas production capacity.

“The natural gas market has started to attract high rates of investments and is attracting greater activity as a clean energy resource, especially with the growing use of it in electric power generation plants and other uses,” Saadoun stated.

“Iraq is actually moving to invest in sites, some of which are oil fields, by exploiting the gas associated with production operations, in addition to other gas fields located in Diyala and other provinces,” he added. “Iraq is actually moving to invest in sites.”

He said, “Iraq hopes to reach the stage of complete gas sufficiency and move to the stage of export to global markets, especially since its good prices can support the country’s budget in the face of fluctuations in crude oil prices,” and he made this observation.

There are a number of large gas fields in Iraq, including Al-Mansuriyah in Diyala and other fields in Anbar and Nineveh.