Morgan Hughes explores opportunities to develop oilfields in Iraq
During their meeting in the capital, Baghdad, Al-Sudani reiterated the country's commitment to completely recover all associated gas generated from Iraqi oil fields by 2028, according to a statement released by the Prime Minister's Office (PMO).
Al-Sudani reaffirmed that the government seeks to increase job opportunities and support the Iraqi private sector enterprises through deals with foreign oil firms.
The prime minister also underlined the need to educate Iraqi engineers and professionals about the latest technology used in the oil sector.
Deputy Minister of Oil for Gas Affairs Izzat Saber revealed in February that Iraq will stop 78 percent of the flared gas by the end of 2025 until it completely stops in 2028.
The Ministry of Oil's strategy places a high priority on utilizing associated gas and minimizing the release of carbon dioxide, according to Saber.
Gas flaring, or the burning of surplus natural gas during oil production, has long been a significant environmental and economic issue.
Large volumes of carbon dioxide and methane are emitted into the atmosphere, exacerbating air pollution and hastening climate change. It also represents a significant waste of a useful energy resource that could be used to create electricity and grow industries.
Flaring reduction not only reduces harmful emissions and improves air quality but also enables countries such as Iraq to use their gas resources more efficiently.
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