# Oil Minister sets two timelines for exploiting gas and end gas flaring

politics

- 25-05-2024, 12:26
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Baghdad-INA
Oil Minister Hayan Abdul Ghani confirmed on Saturday that the process of exploiting gas and stopping its burning completely in all fields will take place in two phases.
Abdul Ghani told the Iraqi News Agency (INA): “It has been contracted to invest all the gas that is currently being burned, but the investment of gas in its nature needs relatively long periods of time.”
“The Ministry of Oil divided the investment process into two phases: The first phase is three years, and the second phase is five years to stop burning gas completely,” he said, noting that ‘this gas will be utilized and directed towards electricity projects and other industrial projects such as petrochemicals, fertilizers and other projects.’
Earlier this month, the Ministry of Oil launched the fifth supplementary licensing round and the sixth round, for oil and gas fields, in the presence and patronage of Prime Minister Muhammad Shiaa Al-Sudani.
The two licensing rounds included 29 projects for oil and gas exploration fields and blocks, distributed among 12 Iraqi governorates.

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