Friday, May 3, 2024

Investing in local gas instead of burning it in oil fields is a government demand!, 4 MAY

Investing in local gas instead of burning it in oil fields is a government demand!

Iraq spends approximately five billion dollars annually on gas imports, which could be reinvested in the state budget if local gas were invested in energy production. This step’s success may be contingent on a number of factors, the most significant of which is the availability of project-specific technical skills.

There are many difficulties that substitute the method of nearby gas venture, the most noticeable of which is the presence of ideological groups that advantage from gas imports, notwithstanding their endeavors to deter most financial activities, as indicated by subject matter experts.

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