A member of the Parliamentary Oil Committee sets the date of the end of the gas import file in Iraq
Shafaq News / Member of the Parliamentary Oil and Gas Committee, Alaa Al-Huidari, revealed on Tuesday the date of final ending the gas import file in Iraq.
Al-Haidari told Shafaq News that “the sixth round of licenses announced by the Ministry of Oil are fields and exploratory patters that will contribute to increasing the quantities of natural gas extraction and self-sufficiency in the coming years, as Iraq imports gas to operate the electric stations, which causes the budget to be overward by about $5 billion dollars in gas imports annually.”
He explained that “the licensing rounds announced include all gas fields from the south to northern Iraq, and therefore Iraq will reach the stage of self-sufficiency of gas extracted from local rights by 2027 and complete the import file.”
Iraq is seeking billions of dollars in investments to develop the oil and gas sector as it looks to increase domestic production of petrochemicals and stop gas imports from neighboring Iran that are currently key to energy production.
More than 20 companies qualified for the licensing round, including European, Chinese, Arab and Iraqi groups.
Chinese companies won contracts to excavate five Iraqi oil and gas fields last Saturday in a licensing round aimed primarily at increasing gas production for domestic use.
The gas expected to be obtained from the current licensing round is equivalent to 200% of the amount of gas imported by Iraq from Iran, which reaches 1700 million cubic meters per day, and the quantities of gas expected to be produced from this round will be about 800 million mion standard cubic meters per day.
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