Iraq to produce natural gas in 2 years

09 August 2010

BAGHDAD – Iraq will produce natural gas in two years, and will become one of the most important gas exporters to Europe.

“Iraq will allow international firms to bid on investing in three gas fields by Oct. 2010,” a source from the Iraqi Oil Ministry told Aswat al-Iraq news agency on Monday.

He noted that measures such as production levels and costs will be employed to evaluate bids.

“Iraq will use only 1-50% of the produced gas to generate electricity, while the rest will be exported,” the source added.

© Aswat Aliraq 2010

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