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The Iraqi Oil Ministry announced on Sunday that it had launched three energy contracts with the UAE’s Crescent Petroleum to develop three oil and gas fields in Iraq. In a statement, Oil Minister Hayan Abdul-Ghani of Iraq highlighted that the agreements with Crescent Petroleum are anticipated to enable the country to generate 400 million standard cubic feet per day of natural gas in just 18 months, and will allow Iraq to reduce gas flaring as well as utilize the processed gas to generate electricity.

UAE’s Crescent Petroleum to develop 3 oil and gas fields in Iraq

The Iraqi Oil Ministry announced on Sunday that it had launched three energy contracts with the UAE’s Crescent Petroleum to develop three oil and gas fields in Iraq. In a statement, Oil Minister Hayan Abdul-Ghani of Iraq highlighted that the agreements with Crescent Petroleum are anticipated to enable the country to generate 400 million standard cubic feet per day of natural gas in just 18 months, and will allow Iraq to reduce gas flaring as well as utilize the processed gas to generate electricity.

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