Iraq Achieves Liquid Gas Self-Sufficiency and Looks to Export Surplus
The Undersecretary of the Iraqi Oil Ministry for Gas Affairs, Izzat Saber, announced on Monday that Iraq has reached a significant milestone in its liquid gas sector. The country has successfully achieved self-sufficiency in liquid gas production and is now positioned to export surplus volumes to international markets.
This development marks a pivotal step for Iraq’s economy, enhancing its energy security and further integrating it into global energy networks. Saber emphasized that the increase in production capacity not only meets domestic demands but also enables Iraq to take advantage of opportunities in foreign markets.
The Iraqi government is actively pursuing strategies to boost its production capabilities and expand its presence in the global liquid gas market. The drive towards self-sufficiency aligns with broader economic goals aimed at diversifying revenue sources and enhancing the country’s competitive edge in energy exports.
Moving forward, stakeholders within the Iraqi oil and gas sector are optimistic about leveraging these advancements to foster further growth and investment, positioning Iraq as a key contributor in the global energy landscape.
Overall, these developments reflect Iraq’s commitment to strengthening its energy sector and maximizing economic benefits through strategic exports.