Iraq offers 10 gas exploration blocks to US investors in its energy sector, aiming to increase domestic production and reduce Iranian imports.

Iraq plans to attract U.S. investment in its energy sector by offering 10 gas exploration blocks during Oil Minister Hayan Abdel-Ghani's upcoming visit to the United States. This initiative follows previous licensing rounds dominated by Chinese firms and aims to boost domestic gas production while reducing reliance on Iranian imports. Iraq is also set to launch a new gas project at the Al-Faihaa oil field, supporting its strategy to enhance energy infrastructure and secure foreign partnerships.

September 01, 2024
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