Al-Ghadhban: Iraq will focus on energy exploration in Western Sahara

by **claud39** Thu Apr 25, 2019 6:16 am

Al-Ghadhban: Iraq will focus on energy exploration in Western Sahara

24/04/2019

Economy News Baghdad

Oil Minister Thamer Ghadhban said on Wednesday that Iraq would focus on oil and gas exploration in Western Sahara over the next four years.

"The plans and programs of the ministry in the next four years are aimed at a wide exploration activity in Western Sahara because of the promising reserves of large quantities of oil and gas," a ministry statement quoted Ghadhban as saying.

He added that "the extractive oil industry in Iraq is witnessing its golden age through the large expansion in the exploration and development of oil and gas fields," noting that "Iraq has witnessed in recent years many exploration operations, which proved the presence of oil and gas in large quantities, which led to an increase in oil reserves "He said.

He stressed that "Iraq is witnessing a broad activity in building capacity in the petrochemical industries and the generation of electricity that depends on gas at present and in the near future."

http://economy-news.net/content.php?id=16417

by **claud39** Thu Apr 25, 2019 8:47 am

The oil minister surprises the world with the ability to increase Iraq's production of this figure

25/04/2019

Al-Ghadhban: Iraq will focus on energy exploration in Western Sahara %D8%A7%D9%84%D9%86%D9%81%D8%B7-3

Al-Ghadhban: Iraq will focus on energy exploration in Western Sahara %D8%A7%D9%84%D9%86%D9%81%D8%B7-3

Oil Minister Thamir al-Ghadhban said on Thursday that Iraq could increase its oil production to six million bpd if necessary, but was committed to OPEC-led production cuts and would not take unilateral action to boost supply.
Ghadhban added that there is no acute oil shortage at the moment, but Iraq will continue to monitor the market to assess the need for additional quantities during the next OPEC meeting.
The United States on Monday decided not to renew the exceptions granted last year to sanctions against Iran for some crude buyers from Tehran, taking a tougher stance than expected and sparking a surge in oil prices for supply shortages.

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