Economy News Baghdad
Oil Minister Thamer Ghadhban said on Wednesday that Iraq would focus on oil and gas exploration in Western Sahara over the next four years.
"The plans and programs of the ministry in the next four years are aimed at a wide exploration activity in Western Sahara because of the promising reserves of large quantities of oil and gas," a ministry statement quoted Ghadhban as saying.
He added that "the extractive oil industry in Iraq is witnessing its golden age through the large expansion in the exploration and development of oil and gas fields," noting that "Iraq has witnessed in recent years many exploration operations, which proved the presence of oil and gas in large quantities, which led to an increase in oil reserves "He said.
He stressed that "Iraq is witnessing a broad activity in building capacity in the petrochemical industries and the generation of electricity that depends on gas at present and in the near future."
economy-news.net/content.php?id=16417
Oil Minister Thamer Ghadhban said on Wednesday that Iraq would focus on oil and gas exploration in Western Sahara over the next four years.
"The plans and programs of the ministry in the next four years are aimed at a wide exploration activity in Western Sahara because of the promising reserves of large quantities of oil and gas," a ministry statement quoted Ghadhban as saying.
He added that "the extractive oil industry in Iraq is witnessing its golden age through the large expansion in the exploration and development of oil and gas fields," noting that "Iraq has witnessed in recent years many exploration operations, which proved the presence of oil and gas in large quantities, which led to an increase in oil reserves "He said.
He stressed that "Iraq is witnessing a broad activity in building capacity in the petrochemical industries and the generation of electricity that depends on gas at present and in the near future."
economy-news.net/content.php?id=16417