Mazhar Saleh: Iraq is searching for a globally advanced position in gas production

by **Rocky** Sun 25 Feb 2024, 4:56 am

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Post n°1

Mazhar Saleh: Iraq is searching for a globally advanced position in gas production

by Rocky Sun 25 Feb 2024, 4:56 am

Mazhar Saleh: Iraq is searching for a globally advanced position in gas production

Iraq 02/25/2024
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Baghdad: Huda Al-Azzawi
Iraq is focusing on seizing an advanced position in the list of the ten largest gas producing and exporting countries in the world, with its possession of huge reserves that place it in 12th place in the world, but it produces less than 9 billion during an entire year, in addition to the urgent need to enter the sustainable energy sector.

The Prime Minister’s Advisor for Economic and Financial Affairs, Mazhar Muhammad Salih, said in an interview with “Al-Sabah”: “Iraq is one of the most likely countries to engage in the use of renewable energies, especially solar energy, as it is one of the rare countries that increases sunrise hours.”
Saleh added, "Iraq needs to enter the era of renewable energy, in addition to respecting carbon zero agreements for the optimal use of natural gas," noting that "it is necessary to diversify the sources of energy production and use and enter into the clean energy sector and economic development. Today, we need to produce twice the
current energy." ".
In the face of the increasing need for energy, Saleh pointed out that “the economic reform plan is moving towards diversifying the Iraqi economy. Economic diversification begins with the oil sector by shifting from absolute rentierism to relative rentierism. Instead of importing oil derivatives worth more than 5 billion dollars, it can be compensated by switching from importing “To a source of petroleum products, which allows Iraq to maximize the value of national income and diversity, which is important for sustainable
development.”
In turn, political analyst Omar Al-Nasser told Al-Sabah: “The main reason for the global conflict between the poles is to maintain the sustainability and continuity of energy transmission lines and find new undiscovered sources, and the evidence of this is the outbreak of the Russian-Ukrainian war,” considering that “ One of the most important reasons is the Nord Stream 1 and Nord Stream 2 gas supply lines supplied to Europe.”
Al-Nasser explained, “The world is moving towards a transition to clean energy, and Iraq’s move to invest in the natural gas field means achieving and succeeding the economic leap from which it will move toward leadership, influence, economic diversification, and keeping pace with the developed world in transitioning to alternative energy that does not harm the environment.”
The political analyst continued by saying, “With the new energy strategies, Iraqi refineries will have a major role in them, as one of the leading countries and competitors in gas exports alongside Russia, Iran, and Qatar, at a time when Iraq ranks 12th in the world in gas reserves, but it has produced only about 9 billion cubic meters.” In 2021,” he called for “cooperation with Russia and the exchange and transfer of expertise in economic investments, the most important of which are in the agricultural sector, gas extraction, and construction of refineries, as a country that is not to be underestimated in the field of partnership and cooperation with countries of the world.”

Edited by: Ali Abdel Khaleq
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by **Rocky** Sun 25 Feb 2024, 5:22 am

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Post n°2

Mazhar Saleh: Iraq is searching for a globally advanced position in gas production

by Rocky Sun 25 Feb 2024, 5:22 am

Mazhar Saleh: Iraq is searching for a globally advanced position in gas production

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Economy News _ Baghdad

Iraq is focusing on seizing an advanced position in the list of the ten largest gas producing and exporting countries in the world, with its huge reserves that place it in 12th place in the world, but it produces less than 9 billion during an entire year, in addition to the urgent need to enter the sustainable energy sector.

The Prime Minister’s Advisor for Economic and Financial Affairs, Mazhar Muhammad Salih, said in an interview with “Al-Sabah” followed by “Al-Iqtisad News” that “Iraq is one of the countries most likely to engage in the use of renewable energies, especially solar energy, as it is one of the rare countries that has increased sunrise hours.”

Saleh added, "Iraq needs to enter the era of renewable energy, in addition to respecting carbon zero agreements for the optimal use of natural gas," noting that "it is necessary to diversify the sources of energy production and use and enter into the clean energy sector and economic development. Today, we need to produce twice the current energy." ".

In the face of the increasing need for energy, Saleh pointed out that “the economic reform plan is moving towards diversifying the Iraqi economy. Economic diversification begins with the oil sector by shifting from absolute rentierism to relative rentierism. Instead of importing oil derivatives worth more than $5 billion, it can be compensated by switching from importing “To a source of petroleum products, which allows Iraq to maximize the value of national income and create diversity important for sustainable development.”

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Added 02/25/2024 - 8:28 AM

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Mazhar Saleh: Iraq is searching for a globally advanced position in gas production

Mazhar Saleh: Iraq is searching for a globally advanced position in gas production

Mazhar Saleh: Iraq is searching for a globally advanced position in gas production

Mazhar Saleh: Iraq is searching for a globally advanced position in gas production

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