Kurdistan Supplies Over 35% of Iraq's Gas
The article discusses Iraq's Kurdistan Region's natural gas production, which accounts for over 35% of Iraq's total gas output. It relies on an investment model focused on attracting direct foreign investments without placing financial burdens on the public treasury, utilizing production-sharing contracts that allow companies to recover their costs from production. It also highlights that the combined gas production in Iraq, including the Kurdistan Region, is approximately 3 billion cubic feet per day, with regional production increasing from 350 million cubic feet in 2020 to about 900 to 1,000 million cubic feet currently. Additionally, it mentions that the shortage of local gas production may lead Iraq to import gas from Turkmenistan and Iran. Major federal gas field projects are hindered by obstacles and insufficient investment, whereas the Kurdistan Region is actively seeking to enhance its production capacity.
Notice: This Is an AI-Generated Summary
Comments (0)