Oil Ministry: we will be able to export gas in 2018
September 23 2012  04:32 PM

He spokesman Oil Ministry, Assem Jihad, said his department in connection with the completion of the procedures and preparations to announce the licensing round fifth special patches exploratory gas, adding that the ministry will go toward investment wealth soft to be Iraq one major countries for the production of gas and will be able to export it after a year (2017) .

Jihad said Sunday "after the success achieved by the Oil Ministry in the petroleum industry and invested headed the ministry towards drawing a future plan for how to exploit and invest wealth invasive and that Iraq has large reserves in the ground at the western region of the country and the associated gas oil which is extracted in the oil fields South "
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He added: that the ministry will announce licensing round fifth specialized patches exploratory gas with compositions hydrocarbon gas only, and now the process of completing all the procedures by providing an invitation for international companies and identifying patches exploratory accurately and privilege to be an incentive for companies, as well as amendments to the legal provisions and regulations of the contracts to encourage companies to engage in competition for this round. between: that Iraq unreliable to be one of the biggest job-producing and exporting gas in the world, adding that he would Alamtfa self gas locally in both processing power plants or in plants petrochemical and then export the surplus it may after a year (2017) and thus will be added new financial revenues to the state treasury.

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