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Gas and the compass of the economy
Economical 06/19/2023
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Walid Khaled al-Zaidi
Our country stands today on the cusp of a new phase of an integrated national economy and in front of an opportunity that must be invested to establish a gas industry that is sufficient to meet the local need of that wealth and then enter strongly in the global export market and become one of the major producers and exporters in the world and in the foreseeable future because of its enormous wealth whose reserves are estimated at The first is about (332) trillion cubic feet, including gas fields associated with the extraction of oil or free gas in the ground, and thus it is ranked tenth in the world, and it is an opportunity to become one of the international producers and exporters despite the continued burning of large quantities of natural gas annually, which deprives the national economy of financial revenues huge, which he urgently needs to fill the annual deficit in his financial budgets.
The Akkas field in the western region is one of the most important fields that can be developed and invested now and in the associated gas exploitation project with the agreement of the French Total company to establish a complex for associated gas treatment and investment, as well as additional exploration projects in the Western Desert to increase the reserves and a contract to develop the Mansouriya gas field in Diyala with another specialized company However, international estimates confirm the presence of gas in abundance in southern Iraq, at a rate of (60%) of what is present in all regions of the country.
The natural gas industry in Iraq is of great importance at the level of politics and economy if our country is one of the producing and exporting countries at the same time, and that wealth would play a leading role in the overall government development operations and programs, with the sustainability of its delivery by land and sea to the countries of the world with economic growth Rapid gas as South and Southeast Asia and European countries as a major consumer of gas, especially since Iraq is on a date with the plans and programs of the international development path, and with the study of the proven reserves of it in the land of Iraq, it shows the extent of its optimal investment and reliance on it as a major source of energy in the future and synonymous with oil wealth that is often We intervened in the calculations of the rise and fall of its global prices and the fluctuation of the level of demand for it from time to time.
It is worth noting that the governmental trends during the current period are increasingly moving towards the optimal utilization of all the wealth in the homeland and that Iraq can enter strongly in production and self-sufficiency for local consumption and in exporting abroad, sympathizing with the self-factors that it possesses, including the national will to invest in real and realistic rounds. Previous or subsequent licenses, as well as its possession of technical and engineering human resources with high efficiency and experience, and the other thing is that our country is entering into major economic understandings with countries that have a long history in this vital field.
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