Prime Minister Mohammed Shia al-Sudani confirmed today, Thursday, that Iraq is going through an unprecedented phase of stability and recovery since 2003, during a dialogue session in New York in the presence of an elite group of investors and businessmen.
Al-Sudani stated during the session, according to a statement issued by his office and received by Al-Maalouma Agency, that “the government has embarked on a series of rapid projects, including the important agreement with Total, which will contribute to increasing oil production and investment in associated gas by about (600) million standard cubic feet, in addition to offering the fifth and sixth rounds’ appendix, and coming up with contracts to produce oil and invest in gas.”
Al-Sudani said, “After 2028, Iraq will achieve self-sufficiency in gas, in addition to activating oil derivatives projects, including the strategic Karbala refinery, whose production capacity reaches 140,000 barrels per day, as well as rehabilitating the Baiji refinery, which was completely destroyed during the battles to liberate Baiji, and its production capacity is 150,000 barrels per day.”
During the session, he referred to “the new reality of Iraq, which is witnessing an economic and developmental renaissance in all its sectors, and has also taken great strides in the field of energy investment and associated gas, which had been wasted for years and cost the country losses estimated at billions of dollars, due to the import of gas and petroleum derivatives.”
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