Start investing in gas and prepare for a sixth licensing round

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[size=52]Start investing in gas and prepare for a sixth licensing round[/size]

[size=45]Prime Minister Muhammad Shia al-Sudani revealed the start of gas investment, pointing to the readiness to announce the sixth round of licensing, noting that the world is heading towards renewable energies, stressing that Iraq cannot continue to rely on oil.[/size]
[size=45]A statement from the Prime Minister's Office stated that "Al-Sudani received the delegation of the Iraqi-American Business Council, headed by the President of the Council, Vice President of the American Chamber of Commerce for Middle East Affairs, Mr. Steve Lotus."[/size]
[size=45]Al-Sudani said, according to the statement, that "Iraq is qualified to be an attractive environment for the private sector and foreign companies."[/size]
[size=45]He pointed out, "The government has taken a series of decisions to simplify procedures for investors, and work to address problems in this field."[/size]
[size=45]Al-Sudani explained, "Iraq enjoys security, political and social stability, and it is qualified today more than ever to be an attractive environment for investment and foreign companies."[/size]
[size=45]Al-Sudani spoke of “a real opportunity for success, and there is no alternative to peaceful coexistence and support for the state and its institutions.”[/size]
[size=45]He stressed, "The Iraqi experience does not exist in the region at the level of local and parliamentary electoral representation, which indicates the vitality of the democratic system."[/size]
[size=45]Al-Sudani stated, "The government is aware of the size of the heavy legacy that began since the 1980s war and caused negative effects in most sectors. That is why it has set five priorities in its program that it is working to achieve."[/size]
[size=45]And he stated, "Iraq cannot remain dependent on oil, as the world is heading today to oil alternatives that will be ready after 2028."[/size]
[size=45]Al-Sudani stated that “countries of the world are spending billions of dollars for oil alternatives, especially after the war in Ukraine, and oil-dependent countries must prepare for alternatives.”[/size]
[size=45]Al-Sudani said, "Iraq possesses natural resources that have not been invested, and it is qualified to be an agricultural and industrial country due to its strategic location."[/size]
[size=45]He explained, "The private sector is our real partner to achieve our vision, reduce time and find solutions to problems."[/size]
[size=45]Al-Sudani confirmed the start of “investing in the burnt gas sector, which costs us $4 billion annually.” He finds, “The Total agreement is one of the most important gas investment agreements and the development of oil fields, which will provide half of our gas needs.”[/size]
[size=45]He noted, "Contracts with Chinese and Emirati companies that will provide us with half of the gas we import," revealing "preparation to announce the sixth round of gas fields, which is happening for the first time in Iraq, in terms of natural gas investment."[/size]
[size=45]And he goes on to say, “Investing in these projects will provide us with important financial returns that will be employed in different sectors, and we will avoid the climatic effects resulting from burning gas,” noting that “Iraq is keen on the presence of American companies.” And Al-Sudani went on to say that “the Ministerial Council for the Economy includes representatives from the private sector who participate with the government in formulating decisions and procedures that would facilitate the work of investors in Iraq.”[/size]
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