Iraq wants American investment in the gas industry
reported Mehr news agency quoted by Reuters, Hayan Abdul Ghani announced on Saturday (September 10th) that Iraq intends to grant exploration permits in 10 gas blocks to American companies during his upcoming trip to the United States.
This action is part of Iraq’s efforts to attract capital from American companies in the energy sector. Previously, during the previous tenders for awarding exploration contracts, the license to explore a large number of gas blocks in this country was awarded to Chinese companies.
Iraqi state media announced that 10 gas blocks that remained without bidders after six licensing periods will be offered in a new tender, as Iraq seeks to develop the gas production sector in this region. It is the country.
Abd al-Ghani said: Iraq will invest in the implementation of the new Al-Fiha oil field project located in the south of Iraq by the end of this year. will begin This project, with a capacity of 125 million cubic feet of gas, is one of the key components of Iraq’s strategy to strengthen the energy infrastructure.
Iraq, which recently made agreements to develop 13 oil and gas blocks with the aim of increasing oil and gas production with the aim of supplying feed to power plants, is now heavily importing from Iran to supply its gas needs. It relies on.
The Iran gas export contract to Iraq was extended for five years on April 8 this year. Based on this contract, in order to meet domestic needs, the volume of gas exports to Iraq will vary during the hot and cold periods of the year.
With the ending of the two contracts in Baghdad and Basra, several rounds of negotiations were conducted in Tehran and Baghdad to extend Iran’s gas exports to Iraq and were finally finalized.
Iran gas export contract to Baghdad during the visit of Majid Chegani, deputy oil minister for gas affairs, to Baghdad and in The location of the Iraqi Ministry of Electricity was signed and extended for five years.
Iraq needs 35,000 megawatts of electricity daily, but due to the current conditions, this country produces only 20,000 megawatts per day, and one-third of this electricity is supplied with gas imported from Iran.
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Since the start of Iran’s gas export contract to Baghdad (in July 2017) and Basra (in June 2018), around 52 billion cubic meters of gas worth $15 billion have been exported to Iraq.
