Iraq revealed plans to invest heavily in the oil and gas sector at a ceremony on Wednesday, in a bid to meet local energy needs and increase national revenue.
The Integrated National Energy Strategy will aim to increase the country’s output 157% by 2020 reaching 9 million barrels per day (mbd). To raise the $6 trillion by 2030 Iraq will need to invest a total of $620 billion, according to the strategy. The chairman of the prime minister’s advisory commission, Thamir Ghadhban, highlighted that oil…
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