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Economist: We are continuing to invest associated gas, and we may be one of its exporters to the world

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Economist: We are continuing to invest associated gas, and we may be one of its exporters to the world

economic    Last update 02/09/2022 | 9:11 am
Information / Baghdad…


The economic expert, Dr. Safwan Qusay, confirmed that Iraq will continue to invest associated gas in the coming period, pointing out that

the world is moving towards this fuel and

Iraq may be one of the exporters at a time when Europe is experiencing tensions that have caused a gas crisis.

Qusay told "The Information", "Iraq owns associated gas and it can be an outlet for additional revenues, and

Iraq is continuing to conclude contracts and invest associated gas and stop burning it."

He added, "The Ministry of Oil has announced that the year 2025 will be the year to stop burning gas, as

it will be invested in electricity consumption and operating power plants instead of the import on which Iraq depends greatly."

And he indicated that "accompanied gas can be exported to the world, especially since its prices are rising at the present time, and

therefore there is a large market for it, and the tensions in Europe have caused the scarcity of this fuel exported by Russia in addition to Algeria, raising the prices of crude oil."
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