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Home Basra

Iraq launches new gas exploration bidding round

admin by admin
February 22, 2024
in Basra
Reading Time: 1 min read
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Baghdad (IraqiNews.com) – The Iraqi Ministry of Oil launched an international bidding round on Tuesday for gas exploration in the western parts of the country.

The Iraqi Minister of Oil, Hayan Abdul-Ghani, mentioned in a statement that Iraq utilizes only 60 percent of the gas produced and burns about 40 percent of this gas, according to Shafaq News.

Abdul-Ghani elaborated that the Iraqi government concluded contracts with international companies, including TotalEnergies, to produce 600 million cubic feet of gas, equivalent to…



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