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The United States, Russia and China have competed to establish themselves in the Iraqi oil and gas sector to the north and south, with Russia seeking oil and gas contracts on the ground. Iraqi territory as a whole.
Iraq said last week that it wished to have one or more foreign partners in the Mansuriyah gas field in Diyala province, east of Baghdad, whose reserves are estimated at 4, 6 billion cubic feet of natural gas and are expected to reach a peak production of about 325 million cubic feet Daily So what will be the gains in the series of investment licenses in Iraqi gas? Will Russia compensate for failed contracts in the oil sector by getting the right to exploit the Iraqi natural gas fields?
On this subject, Ayna Truth's guest on Sputnik radio told economist Hammam Shammaa:
"The gas issue in Iraq and until recently a mysterious subject, because Iraq was not interested in gas because of its oil content, and Russia's gas producing countries through which large amounts of gas pass, and is aware that the future will go to gas, and therefore that it intervenes Competition, to have a market share, after the end of the era of oil energy, got contracts in Iraqi Kurdistan, but in the last stage, and because of suspicions aroused by the licensing operations announced by Iraq, Russian companies have not nothing got, but we expect them to have a share of the Iraqi market, I think the world government Ministry of Petroleum Cetkonan protection wishing not to rely on a party at the 39, investment ".
"As long as there is competition among the major powers to invest in gas fields in Iraq, Iraq will be one of the largest gas producers in the future, and reserves could be the largest reserves in the world. "
He added: "For the future, the transformation will be towards gas, before switching to renewable energy in the next 50 years, the demand for energy generated by gas will be huge. at the center of competition, but so far, the Iraqi authorities have not issued any numerical indicator on this. "The Mansouriya field in Diyala is one of the very large fields, not to mention the associated gas to oil, which is also available in large quantities. "
Prepared and presented by: Diaa Ibrahim Hassoun
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