• Home
  • Iraq to Gradually Cease Oil Imports from Iran
Iraq plans to cease gas imports from Iran in the next two years, as major gas field development projects progress. Prime Minister Mohammed Al-Sudani emphasized Iraq's substantial gas resources and highlighted recently awarded projects to foreign companies, including TotalEnergies from France, as steps toward achieving gas self-sufficiency. Despite having the fifth-largest oil reserves globally, Iraq currently depends on Iran for gas supply for its power utilities. Official Iraqi figures reveal that gas imports from Iran have incurred an annual cost of nearly 6 trillion Iraqi dinars ($4.5 billion) over the past decade.

Iraq to Gradually Cease Oil Imports from Iran

Iraq plans to cease gas imports from Iran in the next two years, as major gas field development projects progress. Prime Minister Mohammed Al-Sudani emphasized Iraq’s substantial gas resources and highlighted recently awarded projects to foreign companies, including TotalEnergies from France, as steps toward achieving gas self-sufficiency. Despite having the fifth-largest oil reserves globally, Iraq currently depends on Iran for gas supply for its power utilities. Official Iraqi figures reveal that gas imports from Iran have incurred an annual cost of nearly 6 trillion Iraqi dinars ($4.5 billion) over the past decade.

Issue:
Country:
Subscribe to Receive Latest Updates from GIF.