Iraq seeks to increase liquefied gas exports
The Deputy Minister of Oil for Gas Affairs, Izzat Saber, told the Iraqi News Agency (INA) that the utilization of associated gas has improved, allowing Iraqi enterprises to harness 71 percent of the flared gas through various initiatives aimed at achieving the ministry's objectives in this area.
In a notable effort to strengthen the country's energy security and decrease dependence on imports, Saber stated in March that the Oil Ministry had achieved self-sufficiency in liquefied gas and had begun exporting surplus supplies to international markets.
Over 8,000 tons of liquefied gas are produced every day, according to the Iraqi Oil Ministry, demonstrating Iraq's capacity to supply domestic demand while also having the potential to export more to support regional markets.
Saber stated that Iraq's achievement of liquefied gas self-sufficiency signals a strategic shift in national energy strategy, as the country no longer relies on imports to satisfy its domestic demands.
Due to the surplus production, Iraq has been able to export significant quantities to international markets, enhancing investment opportunities and revenue in this vital sector.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Shafaq News
an hour ago
- Shafaq News
Ankara mulls al-Sulaymaniyah airspace ban
Shafaq News - Al-Sulaymaniyah/Ankara Turkiye is reviewing its airspace ban on al-Sulaymaniyah International Airport, a senior Iraqi official revealed on Saturday. In comments to Shafaq News, Karwan Yarways, a member of Iraq's Parliamentary Transportation and Communications Committee, noted that the issue featured in his recent meetings in Ankara with Turkish President Recep Tayyip Erdogan and Turkish Parliament Speaker Numan Kurtulmus. Following those discussions, Erdogan instructed his advisory team to examine the matter further. The team is now working in coordination with Qubad Talabani, Deputy Prime Minister of the Kurdistan Regional Government (KRG), to assess the situation and the latest developments. Turkiye introduced the airspace suspension in April 2023, citing the presence of Kurdistan Workers' Party (PKK) militants—an armed group Ankara designates as a terrorist organization. Since then, the halt in flights has had economic repercussions across the Kurdistan Region. KRG officials estimate a 30% decline in passenger traffic and monthly losses exceeding $5 million in airport revenue. The disruption has also affected access to essential medical and commercial routes, placing additional pressure on the Regional infrastructure.
Shafaq News
an hour ago
- Shafaq News
Syria pledges fair Euphrates water allocation to Iraq
Shafaq News - Baghdad/Damascus Syria will continue delivering Iraq's agreed share of the Euphrates River under existing treaties, a top Syrian water official said on Saturday, as both countries face declining river flows and prolonged drought. Ahmad al-Kawan, Director of Syria's General Authority for Water Resources, told Shafaq News that Iraq receives 58 percent of the Euphrates' volume at the Syrian–Turkish border, while Syria keeps the remaining 42 percent, noting that Turkiye is obligated to release more than 500 cubic meters per second on average and to compensate for monthly shortfalls. Water flowing to Iraq passes through al-Bukamal in eastern Syria, sourced from upstream inflows entering Syria at Jarabulus. Al-Kawan confirmed that a joint Iraqi–Syrian committee is monitoring the quantities reaching Iraq, and both sides intend to install a modern gauging station at the border. 'These arrangements reflect the two countries' commitment to fair distribution and transparent tracking of Euphrates water,' he emphasized. Earlier this week, Iraqi Prime Minister Mohammed Shia al-Sudani announced that both Turkiye and Syria had agreed to increase water discharges, with Ankara releasing 320 cubic meters per second toward Mosul Dam and 350 through Syria. Iraq, one of the world's most climate-affected countries, faces intensifying water shortages linked to low rainfall, rising temperatures, and upstream controls by Turkiye and Iran. A 2022 World Bank report estimated that Iraq would need $233B in investment by 2040—roughly 6 percent of its GDP annually—to meet essential development goals and adapt to climate stress. In a separate 2025 assessment, Iraq's Strategic Center for Human Rights warned that nearly 30 percent of the country's productive farmland has been lost over the past three decades due to persistent drought and water scarcity.
Iraq Business
12 hours ago
- Iraq Business
Iraq-Lebanon Oil Link to be Revived?
By Dana Taib Menmy for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Is the revival of the Iraq-Lebanon oil link just a pipe dream? The proposal has been raised multiple times over the past few years in talks between successive Lebanese officials and their Iraqi counterparts. Click here to read the full story.
