Although Iraq is in talks with international firms, such as Baker Hughes, Total Energies, Halliburton and Aramco, to implement oil and gas development projects in the west of the country, its independence from Iran’s electricity and natural gas imports is unlikely in the foreseeable future, a member of the Oil, Gas and Petrochemical Products Exporters Union said.
“No matter how many foreign firms invest in the Arab neighbor, it will be in need of Iran’s electricity and gas resources in the years to come,” Hamid Hosseini was also quoted as saying by ILNA.
As Iraqi population and industries grow, the more power and gas it will need, and Iran is the best choice for meeting the rising demand, he added.
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