Iraq To Invest $3Bln To Boost Natural Gas Output Within Next 5 Years - Oil Minister

Mohammad Ali (@ChaudhryMAli88) Published May 03, 2021 | 05:50 PM

Iraq to Invest $3Bln to Boost Natural Gas Output Within Next 5 Years - Oil Minister

BAGHDAD (UrduPoint News / Sputnik - 03rd May, 2021) The Iraqi Ministry of Oil has approved a plan envisaging $3 billion worth of investment by Basrah Gas Company (BGC) to boost natural gas extraction within the next five years, Oil Minister Ihsan Abdul Jabbar said on Monday.

"A major investment plan of BGC has been approved ...

An amount of $3 billion will be invested to bring gas production to 1,400 million cubic meters [49.4 million cubic feet]," the minister said at a press conference, noting that the current position of the gas company was stable.

The ministry pays great attention to the gas industry and hopes that "partners provide more decisive support to its projects," the official added.

Facebook Twitter Reddit Pinterest Whatsapp

Prize Bonds

PSX 100 Index

Currency Rates

Gold Prices

Petrol Prices

Crypto

Recent Stories

Selection committee dissolved over Pakistan women ..

Selection committee dissolved over Pakistan women cricket team's poor performanc ..

Punjab CM Maryam Nawaz in police uniform at Chung ..

Punjab CM Maryam Nawaz in police uniform at Chung police center

Currency Rate In Pakistan - Dollar, Euro, Pound, R ..

Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024

Today Gold Rate in Pakistan 25 April 2024

Today Gold Rate in Pakistan 25 April 2024

Mired in crisis, Boeing reports another loss

Mired in crisis, Boeing reports another loss

Session Awarding Ceremony 2024 held at Cadet Colle ..

Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad

Austrian ski great Hirscher to make comeback under ..

Austrian ski great Hirscher to make comeback under Dutch flag

Pakistan, Japan agrees to convene 'Economic Policy ..

Pakistan, Japan agrees to convene 'Economic Policy Dialogue'

FM Dar conveys deepest sympathy on torrential rain ..

FM Dar conveys deepest sympathy on torrential rains devastation in UAE

Spain PM Sanchez says weighing resignation after w ..

Spain PM Sanchez says weighing resignation after wife's graft probe

Tennis: ATP/WTA Madrid Open results - 1st update

Tennis: ATP/WTA Madrid Open results - 1st update

Long-lost Klimt portrait auctioned off for 30 mn e ..

Long-lost Klimt portrait auctioned off for 30 mn euros