Iraqi Prime Minister Mohammed S. Al-Sudani chaired a meeting on Tuesday with representatives of UAE’s Crescent Petroleum, attended by the Ministers of Oil and Electricity.
The meeting discussed the government’s plans to advance gas investment in partnership with the private sector.
The Prime Minister directed the Ministry of Electricity to proceed with signing a contract with Crescent Petroleum to secure 100 million standard cubic feet of gas for operating power stations.
He also instructed the Ministry of Oil to expedite efforts to overcome any obstacles hindering Crescent Petroleum’s gas and oil investment in Khashm Al-Ahmar [Khashim Ahmer-Injana, Khasham Al-Ahmar] oil field in Diyala Province, within a defined plan and timeline.
The company signed a contract to develop the field in February 2023, as part of the fifth energy licensing round.
(Source: PMO)
