Baghdad / NINA / - The expert on economic affairs, Safwan Qusay, confirmed that Al-Sudani's visit to Germany will contribute to transforming Iraq into a global investment opportunity in the field of gas and energy.

Qusay said in a statement to the National Iraqi News Agency (NINA): "The visit of Prime Minister Muhammad al-Sudani to Germany comes as a prelude to turning Iraq into a global investment opportunity in the field of associated and liquefied gas, because Iraq is still burning gas at a rate of $2.5 billion annually and imports the same amount for electric power generation.

He added: "Iraq is in dire need to invest in the field of gas and operate its electrical stations with Iraqi gas, in addition to expanding the circle of dependence on gas for consumption in homes, factories and means of transportation, and then export at the same time."

He explained: "Germany is a strategic ally in the energy sector to transfer Iraq's gas to Europe, and German companies can now invest in other sectors in Iraq, such as railways, ships, medical materials, waste management, petrochemicals and other various industrial fields."

Qusay continued: "We believe that the time is right for that, and this will motivate Asian countries, the United States of America and the United Kingdom to speed up entry into the Iraqi market and defend their share in the Iraqi environment."/ End




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