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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Al-Sudani: Iraq has not invested in gas since the discovery of oil

    Rocky
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    • Post n°1

    Al-Sudani: Iraq has not invested in gas since the discovery of oil Empty Al-Sudani: Iraq has not invested in gas since the discovery of oil

    Post by Rocky Wed 11 Oct 2023, 8:28 am

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    [size=52]Al-Sudani: Iraq has not invested in gas since the discovery of oil[/size]
    • Today 15:15




    Information / Baghdad.
    Prime Minister Muhammad Shiaa Al-Sudani announced on Wednesday the government's interest in investing in gas, especially since this wealth has not received attention since the discovery of oil.
    Al-Sudani said at the Russian Energy Week Forum in its sixth session, followed by “Al-Maalouma”: “Our government is continuing these efforts in order for Iraq to take the position that suits its capabilities in this economic market, in light of the global growth in demand for gas, which far exceeds the supply.” Pointing out that "our government's vision adopts an approach in the energy sector, the basis of which is the quest to compensate for what our country lost, as successive regimes in Iraq, since the discovery of oil, did not invest in gas and resorted to burning it, which wasted this wealth and caused environmental pollution."
    He stated that "the severity of the problem doubled with the loss of opportunities, the growing need for electric energy, and Iraq being forced to import gas, and the Iraqi people suffered the harm they suffered as a result of delaying and waiting," noting that "Iraq's presentation of the importance of gas investment, through the fifth and sixth licensing rounds, It will create the opportunity to work and cooperate with global partners, which does not pose a threat to any producer or marketer, but rather aims for greater integration.”
    He pointed to "Iraq's ability and entitlement, due to the resources and capabilities it possesses, to establish a solid foundation for partnership," explaining that "the opportunity has become ripe to achieve success together in creating factors that encourage peace. In the end, the matter depends on the type of approach that we will take, and we have chosen an approach that confronts the challenges and brings together... far apart, in addition to the necessity of diversifying energy sources and transportation methods, in order to reduce risks, as part of a broader framework for economic cooperation, consolidating security, and reducing reliance on security approaches based on conflict, competition, and armament.”
    He stated that “solid infrastructure projects, with a wide impact on trade and regional transport, will attract international donors and development institutions, and this is what we are working on with all our capabilities,” adding that “our region, which is rich in natural resources, and which has been coupled at the same time with security turmoil and political competition, “It needs economic integration and a regional system that establishes cooperation and prosperity.” Ended / 25 hours
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