Iraq to Produce 5m cu. meters of Natural Gas in 5 Years

By John Lee.

Iraq’s Oil Ministry has unveiled its five-year plan for the development of the country’s natural gas riches.

Azzaman reports that the plan calls for production of five million cubic meters of gas by the end of the five-year period, with new exploratory blocks up for grabs.

An oil ministry spokesman said that despite the increase, expected production would still fall short of meeting domestic demand.

Iraq currently imports natural gas from Iran and the countries are building a gas pipeline expected to be operational next year.

(Source: Azzaman)

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