Economy and TradingEnergy

Iraq’s Energy Revolution: Ending $4 Billion Iranian Gas Dependence by 2028 Through Gas Capture and Economic Diversification

Iraq’s Prime Minister has announced an ambitious plan to end the country’s $4 billion reliance on Iranian gas imports by 2028. Through partnerships with international energy companies, Iraq aims to capture currently wasted flared gas to power its electricity grid and diversify beyond oil dependence.

In a landmark announcement that could reshape Iraq’s energy landscape, Prime Minister Mohammed Shia Al-Sudani has committed to ending the country’s $4 billion annual dependence on Iranian gas imports by 2028. This strategic pivot represents one of the most significant economic reforms in recent Iraqi history, targeting the nation’s chronic electricity shortages while reducing external energy dependencies.

Iraq’s Energy Crisis and Iranian Dependence