Oil Minister discusses developing oil industries with Gazprom
Iraq’s Majnoon oil field near Basra. Photo: Reuters
Baghdad (IraqiNews.com) – The Iraqi Minister of Oil, Hayan Abdul-Ghani, discussed on Friday developing oil industries in Iraq with the CEO of Gazprom Neft, Aleksandr Dyukov, and other officials from the Russian company.
A statement issued by the Iraqi Oil Ministry mentioned that the meeting addressed prospects for bilateral cooperation and ways to develop joint projects to enhance the oil and energy industries in Iraq and serve common interests.
The meeting took place nearly a week after the Iraqi Ministry of Oil revealed that it was planning to extract two billion cubic feet of natural gas.
The Undersecretary of the Ministry of Oil for Gas Affairs, Izzat Saber, said during a meeting last week that the Oil Ministry is eager to carry out strategic projects to extract natural gas within specified timing and to accelerate new projects at sites including hydrocarbon gases, the Iraqi News Agency (INA) reported.
Iraq signed a contract with TotalEnergies to extract 600 million cubic feet of natural gas in addition to other gas projects carried out by the Basra Gas Company, which reached production rates exceeding 1,000 million cubic feet of natural gas, as part of its plans to reach 2,000 million cubic feet of natural gas.
Abdul-Ghani directed earlier to expedite the implementation of gas projects to support the national economy and to provide the necessary fuel for power plants to generate electricity.