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Al-Sudani: Iraq has not invested in gas since the discovery of oil
October 11 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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October 11 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
[You must be registered and logged in to see this link.]
