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Parliamentary Oil: Iraq still needs Iranian gas
Iraq 04/03/2024
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The Oil, Gas and Natural Resources Committee in Parliament commented on the contract that Iraq signed with Iran to supply gas for a period of 5 years, explaining that Iraq has not yet reached self-sufficiency in producing gas, on which the country’s electrical energy depends to a large extent. A member of the Parliamentary Oil Committee, Nazem Al-Shibli, said in an interview with “Al-Sabah”: The first licensing rounds did not focus on the necessity of investing gas in them, and this is a big mistake, which prompted the current government to work on investing it and reaching production sufficient for the country’s needs, indicating that we need what is not It takes less than two years to properly invest gas in order to operate electrical stations.
He pointed out that Iraq still needs Iranian gas because its investment requires a long time between investing and preparing the necessary equipment and operating the fields with gas stations entering the production line, indicating that the demand for electrical energy is increasing despite the Ministry of Electricity’s announcement that its production is sufficient, but it needs A distribution plan because the problem lies in wasted energy. However, we are hopeful that the electricity situation this summer will be different from other previous years.
It is noteworthy that the Minister of Electricity, Ziad Ali Fadel, had previously signed a gas supply contract with the National Iranian Gas Company for a period of five years, with pumping rates reaching 50 million cubic meters per day, and its quantities vary according to the need of the system in order to maintain the momentum of the production stations, and keep pace with peak loads and the increasing demand for energy. Electricity, until the national gas fields are rehabilitated and the electricity need is met.
Edited by: Adhraa Juma
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