Iraq signs a memorandum of understanding with Siemens and Schlumberger to invest in gas. The step aims to "invest and process associated gas and convert it to electric power generation plants" Experts told Al Jazeera Net that Iraq's gas needs are much greater than the production quantities.
Iraq produces about 3 billion standard cubic feet per day, nearly half of which goes to burning, while about 1.6 billionstandard cubic feet of it is invested. The demand for this type of energy is estimated today at about 36 thousand megawatts, and the volume of demand is expected to rise to about 70 thousand meg watts in 2050.