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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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    Iraq begins exporting liquid gas

    Rocky
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    • Post n°1

    Iraq begins exporting liquid gas Empty Iraq begins exporting liquid gas

    Post by Rocky Sun 12 May 2024, 5:09 am

    Iraq begins exporting liquid gas

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    Economy News - Baghdad
    [rtl]The Ministry of Oil announced today, Sunday, that Iraq's oil reserves have risen to more than 160 billion barrels, while indicating that 22 international companies are competing for gas field development projects, stressing that Iraq has achieved self-sufficiency in liquid gas and has begun exporting the surplus.[/rtl]
     
    [rtl]The ministry’s spokesman, Assem Jihad, said in a statement followed by Al-Eqtisad News, “The fifth and sixth round of supplementary licenses comes in line with the government program that aims to optimize the investment of oil and gas wealth.”[/rtl]
     
    [rtl]He added, "The Ministry aims to maximize national production, especially of hydrocarbon and gaseous compounds found in the ground," noting that "there are 22 international companies competing for projects to develop these fields."[/rtl]
     
    [rtl]He pointed out, "Most of the exploration blocks nominated for competition are gas exploration blocks, and therefore this will support the energy sector in Iraq."[/rtl]
     
    [rtl]He stressed, "Iraq has achieved self-sufficiency in liquid gas, and the surplus was exported outside the country," noting that "this step is important in strengthening the Iraqi national economy."[/rtl]
     
    [rtl]According to him, “the government effort focused during the last period on intensifying exploratory operations, and therefore this will lead to maximizing the Iraqi oil reserve,” adding, “It is hoped that during the coming period it will be announced that the Iraqi oil reserve will increase to more than 160 billion barrels, which will enhance the role of Iraq in the global oil market.[/rtl]


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