Today, Wednesday, the Ministry of Oil made the announcement that gas investment rates will rise to 70% by the end of the current year 2024.
During the opening of the second berth for exporting condensates and liquefied gas at the port of Umm Qasr in Basra, the Undersecretary of the Ministry for Gas Affairs, Izzat Saber Ismail, stated that “the berth will provide flexibility in the export operations of liquefied gas and condensates, which currently amount to 50 tons per month, and it is hoped that by the beginning of 2025 it will reach 80 tons per month,
“The ministry is implementing a number of strategic projects to invest associated gas in a number of oil fields,” he said in addition.
“Gas investment rates will rise to 70% by the end of this year,” he said.
