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Iraq is heading towards investing gas in the border fields
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Economy News - Baghdad
The Parliament’s Oil and Energy Committee in Iraq revealed today, Tuesday, the government’s intention to invest gas in the border fields with both Kuwait and Iran to generate electric power.
A member of the committee, Amjad Al-Oqabi, told the official news agency, "Conscious", and viewed it by "Al-Iqtisad News", "The Oil Ministry signed the fifth licensing round regarding the border fields with Iran and Kuwait."
He added: "These fields will provide large quantities of dry gas, which will contribute to the operation of power plants."
Al-Oqabi said that "Iraq urgently needs to invest gas in its fields in order to maintain electrical power, as Iraq still imports gas from Iran."
A member of the Parliamentary Committee called on the oil and electricity ministries to prepare a joint plan to provide large quantities of gas for the purpose of operating electrical stations.
And the Parliamentary Oil and Energy Committee revealed, earlier, efforts to merge the ministries of oil and electricity into one ministry.
The Ministry of Electricity, previously, set the date for dispensing Iraq with importing gas and electric energy from neighboring countries, launching the fifth licensing round to rehabilitate gas fields in Diyala province, and rehabilitating the pipeline network that would produce approximately 750 million cubic meters.
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