Iraq will produce natural gas in two years, and will become one of the most important gas exporters to Europe, according to a report from Aswat al-Iraq.
As we recently reported, the fate of the three gas fields of Akkas, Mansouriya and Siba will be decided in October.
A source from the Iraqi Oil Ministry told Aswat al-Iraq news agency on Monday that factors such as production levels and costs will be considered in evaluating the bids.
“Iraq will use only about 50% of the produced gas to generate electricity, while the rest will be exported,” the source added.
(Source: Aswat al-Iraq)