The mood of the Iraq Petroleum 2019 Conference held in London on 27-28 June 2019 was optimistic.
Iraqi Minister of Oil H.E. Thamir Ghadhban outlined his ambitious aims for Iraq as:
- End energy imports to Iraq – Iran gas is imported in summer to meet domestic needs;
- Establish three Iraq oil export routes
(Basra, Aqaba via Jordan, and a rehabilitated northern line to Turkey); - Raise southern export capacity to 6.5 million barrels/day;
- End gas flaring by 2022 meaning most of the flared gas in Basra will disappear; and
- Overhaul the refining sector
Tremendous challenges as Iraq continues to rebuild oil & gas infrastructure …
