Our Firm is pleased to announce the publication of the Gas Regulation 2023 – Iraq Chapter for the Third year.
Natural gas is either processed and extracted as a free gas found in natural gas fields and patches in dry or wet format or associated with or dissolved in oil production. The latter is the most common type in Iraq.
Iraq’s domestic reservoir of natural gas makes it the 12th country globally in terms of conventional natural gas reserves. It has an estimated 112 billion standard cubic feet (BSCF), and there is a vast area of Iraq that has not yet been explored for natural gas, especially in the Western Desert and many free gas fields that have not been fully explored at deep levels. With these additional capabilities that have not yet been exploited, Iraq could occupy fifth place globally in terms of conventional natural gas reserves, as it is expected to reach 280 BSCF.
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