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Mubasher: The Iraqi Oil Ministry approved, today, Monday, the major investment plan for the Basra Gas Company, while noting that the investment plan will be over a period of 5 years, with a total amount of $ 3 billion.
Iraqi Oil Minister Ihsan Abdul-Jabbar said, according to what was published by the Iraqi News Agency, "Conscious", that the major investment plan for Basra Gas Company had been approved, indicating that "the investment in the company aims to increase by 40% of the production capacity of gas."
He added that "the investment plan will be over 5 years, with a total amount of $ 3 billion," noting that "we seek to reach 1,400 million cubic meters of gas through this investment."
He continued that "gas investment projects are important to other industries," noting that "there is a government commitment to secure all the dues of the Basra Gas Company."
Abdul-Jabbar confirmed that "there are other projects in Nasiriyah, Maysan, Mansouriya, and crutches," explaining that "there is a technical discussion about investing in the crutch field by American and foreign companies."
He continued, "The aim of the investments is to reach the production of 400 thousand stationeries," noting that "the current situation of the Basra Gas Company is excellent, and we hope that our partners will make greater efforts to expand this investment and there is a government commitment to provide the dues."
Abdul-Jabbar stressed "the need to be more courageous in supporting projects, implementing them and exerting efforts," pointing out that "there are great challenges that have passed to the Basra Gas Company, which now has only 7000 in its balance."
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