By John Lee.
Prime Minister Ali al-Zaidi has met the chief executives of TotalEnergies and ConocoPhillips to discuss oil and associated gas investment at the Nahr Bin Umar oil field in Basra province.
The meetings, held on Sunday, included TotalEnergies CEO Patrick Pouyanné and ConocoPhillips CEO Andy O'Brien, along with their respective delegations. Discussions covered mechanisms for investing in associated gas at the field, timelines for increasing oil and gas output there, and plans to raise production at other fields.
Al-Zaidi stressed the importance of associated gas investment, citing Iraq's significant capacity in the sector, and reaffirmed the government's goal of achieving full gas utilisation and ending gas imports within the coming years. Both executives indicated their commitment to meeting production increase timelines.
(Source: Prime Minister's Office)
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