The US State Department supports Iraqi PM al-Sudani’s commitment to energy independence, highlighting strides such as reducing gas flaring and plans to enhance oil production and export capabilities, with a focus on industry transformation by 2030.
The US State Department has expressed its support for Iraqi Prime Minister Mohammed Shia al-Sudani’s commitment to achieving energy independence. This affirmation highlights the importance of Iraq’s energy sector in its overall development strategy, as outlined in a statement shared with the Iraqi News Agency (INA).
Prime Minister al-Sudani has indicated that the current government has made significant progress, including a 70% reduction in gas flaring, alongside enhancements in petroleum product production. Efforts are focused on attaining self-sufficiency in fuel and beginning gas oil exports, with a vision to transform 40% of oil production into various industries by the year 2030.
Additionally, the Prime Minister mentioned that the upcoming Iraq Energy Conference 2025 would provide insights into the government’s energy policies and its strategic role in nationwide development plans. This initiative aims to diversify Iraq’s economy and positively impact multiple sectors through modernization and development of the energy framework.
The US State Department’s endorsement of Iraqi Prime Minister al-Sudani’s energy independence commitment signifies a collaborative effort towards achieving energy security in Iraq. Key goals include significant reductions in gas flaring, enhanced petroleum production, and a strategic shift towards industry diversification by 2030, reflected in upcoming initiatives like the Iraq Energy Conference 2025.
Original Source: ina.iq
