Iraq ranks 11th in the world's largest gas reserves
Praatha News Agency 131 2020-07-19
Iraq ranked 11th largest gas reserves in the world during 2019, according to the US Noema data and research platform.
According to the platform, Iraq ranked 11th in the world with the largest gas reserves in the world and 132.22 trillion cubic feet, indicating that Russia came first in the world with a reserve of 1.688.23 trillion cubic feet, followed by Iran in second place with a reserve of 1.193.97 trillion cubic feet.
According to the government investigation office, about three quarters of the natural gas reserves in Iraq are linked to oil, and most of them are located in giant fields in the south.
According to the US Energy Information Administration (EIA) it showed that Iraq’s production of dry natural gas amounted to 357 billion cubic feet (Bcf) in 2017, with an additional 18 billion cubic feet during the year.
She noted that Iraq ignited 629 billion cubic feet of natural gas, to become the second largest exporter of flammable gas in the world after Russia, indicating that natural gas is being burned due to insufficient pipelines and other infrastructure in the water.
Iraq consumed 422 billion cubic feet of dry natural gas in 2017.