Parliamentary oil: the Iraqi economy will rebound again with the first shipment of gas exported to overseas

2015/12/24 8:12

{Baghdad: Euphrates News}
saw the Committee on Energy and Oil parliamentary member Hussein Awad, said Thursday that Iraq will see an economic recovery again with the first shipment of gas to be released abroad.

Said Awad told {Euphrates News} Today, that "the oil crisis that hit the world was more affected where is Iraq on the grounds that there are several issues, including security and economic situation", and pointed out that "there is a real port will lift Iraq from the current economic crisis, but it is {natural} gas, and the government for passing Abdul this port, which burns annually an estimated {billion} dollars a year into the atmosphere, "returned him" a waste of revolution and public money. "

He noted that" Iraq and Kuwait agree on the export of gas to the last definitely will save a lot of financial resources and works to replenish the shortfall in the budget that have affected negatively on the economic situation in Iraq. "

He stressed that" Iraq will witness in the coming days and months, an improvement in the economic situation, "noting that" export gas to Kuwait step in the right direction, "calling Oil Ministry to "evaluate this issue and the opening of several outlets with other countries to export gas to it."

He continued, "and in front of this crisis on the government and the oil ministry and parliament to open several outlets even distributed to all sectors, led by the oil sector." revealed the first Deputy Prime Minister and Minister Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah at the joint press conference with Foreign Minister Ibrahim al-Jaafari, after the conclusion of the fifth meeting of the Joint Commission between the two countries last Tuesday, that Iraq and Kuwait reached an agreement to supply Kuwait Iraqi gas.

In response to a question about the volume of trade exchange between the municipal and the possibility of supply Iraq to Kuwait Gas said Sheikh Sabah Al-Khalid said the two countries reached an agreement to supply Kuwait Iraqi gas to the presence of excess has, noting that the two competent in the two countries will meet to put the finishing touches required in this regard.

The Oil Ministry, said earlier that the items imported Iraq of gas goes gas stations for electric power generation, noting that since 2003, Iraq burn quantities of gas up to 700 million standard cubic feet per day but the number is decreasing, due to growing investments for companies producing and Gaz.anthy