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Sunday 23 August 2020 - 22:08
Oil Minister: We will not see burning gas in Iraq in 2025
Baghdad - Conscious
Oil Minister Ihsan Abdul Jabbar on Sunday announced the elimination of gasoline imports and reliance on domestic products by the end of 2023, as he unveiled a move to stop the burning of gas in oil fields in 2025.
"The government delegation's visit to Washington from an economic point of view was very good," Abdul Jabbar told the program "10", which is shown on the Iraqi news channel al-Iraqia, which was followed by the Iraqi News Agency (AA) and that "the visit of the government delegation to Washington from an economic point of view was very good," adding that "the discussion with some American companies for investment in the field of oil and gas had lasted for two years."
"Iraq's production capacity at present is 5 million barrels per day and could reach 7 million barrels per day by 2025," he said, adding that "there is no problem with crude oil production capacity."
"There is a trend to resort to alternative energy after 2030, and not to rely on oil as a major source of energy," he said, adding that "the world will resort to alternative energy sources, which will reduce demand for oil and gas in 2030."
On licensing rounds, Abdul Jabbar noted that "licensing contracts have pros and cons," noting that they "have maintained Iraq's position as opec's second largest producer."
"Iraq's contract with Chevron will make Iraq one of the top energy countries," he said, noting that "Dhi Qar province currently produces about 200,000 barrels per day and we plan to increase it to about 1 million barrels per day, especially after the conclusion of the new contracts."
"Over the next three years, unemployed young people in Dhi Qar will be trained and trained to become eligible to work in the province's projects in 2025," he said.
With regard to gas investment, the minister of oil pointed out that "80% of the gas projects are on the way to completion, except for the Artawi project in Basra province, because it is a giant project in the field of gas investment," stressing that "during 2025 we will not see a gas burn in the oil fields and we will dispense with the import of gas from abroad."
"There are projects to produce high-octane gasoline to meet local needs, and the import of gasoline may be eliminated by the end of 2023," Abdul Jabbar said.
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