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Oil Minister: I expect gas reserves to increase to more than 200 trillion cubic feet
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Economy News - Baghdad
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Added 09/01/2024 - 11:50 AM
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Economy News - Baghdad
Oil Minister Hayan Abdul Ghani confirmed on Sunday that the gas reserves achieved in Iraq amount to 128 trillion cubic feet and it is expected that these quantities will increase to more than 200 trillion cubic feet through these patches spread in the western region, which, by investing in them, will achieve self-sufficiency in gas and perhaps Iraq will turn into a country exporting gas to the countries of the world.
Abdul Ghani said in a televised interview followed by "Al-Eqtisad News" that the ministry took the initiative to drill an exploratory well in one of the promising areas, which is the Al-Anz area, and according to studies it contains a large gas reserve that produces less than 1,000 cubic meters of gas per day, indicating that there was a fifth supplementary and sixth licensing round that includes 29 oil fields and a gas exploration area located in western Iraq.
He added that the exploratory gas patch is spread in the western region of Iraq. This patch is approximately 8 to 9 patches that include large quantities of gas that are expected to be offered to specialized companies for investment.
Abdul Ghani pointed out that we are about to go to the United States of America to present these exploration areas to specialized American companies with the aim of investing in these areas and sites.
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