Economy News

Ghadhban: The gas agreement with Kuwait in the final touches

Oil Minister Thamir al-Ghadhban announced on Sunday that the gas export agreement for Kuwait is in final stages.

“The gas export agreement for Kuwait has reached an advanced stage and is in the final stages,” he said, speaking on the sidelines of the 100th meeting of the Council of Ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC).

Al-Ghadhban said that “this agreement was made during the previous government and I personally have not yet discussed it seriously because I am new in the ministry, but we will study it and our position will be based on positive data.”

“We exported gas to Kuwait in the 1980s and from the same place, but for the sake of knowledge, Iraq has a great need for gas and most of the newly established power plants rely on gas,” Ghadhban said. Source