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16.10.25 - 14:06
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Iraq Sets Deadline To End Dependence On Iranian Gas, Under US Pressure (ZeroHedge)
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Iraq Sets Deadline To End Dependence On Iranian Gas, Under US Pressure
Via The Cradle
Iraqi Prime Minister Mohammed Shia al-Sudani said he aims to end Iraq's $4-billion dependence on Iranian gas by early 2028, outlining a plan to recover flared gas and attract foreign investment during an interview with CNBC published Tuesday.
"We developed a clear vision to address this structural imbalance that affects our ability to generate and produce electricity and provide it to citizens," Sudani told CNBC's Dan Murphy in Baghdad.
Via AFP
He said Iraq had signed investment deals with TotalEnergies, Chinese, and Emirati companies to capture and process gas currently burned off at oil sites. "For the first time in Iraq's history, there is a clear plan and daily action to resolve this issue, with a deadline of early 2028 set for zero gas flaring," Sudani said.
Gas supplied by Iran powers around one-third of Iraq's electricity, yet years of neglect, graft, and inadequate investment...
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