This supply-demand imbalance has resulted in Iraq’s being dependent on neighbouring Iran for a considerable amount of gas and electricity imports.
Authored by Simon Watkins via OilPrice.com:
With the U.S, Russia, and China all jostling for position in Iraq’s oil and gas industry both north and south, Iraq’s oil ministry last week reiterated its desire to have one or more foreign partners in the Mansuriya gas field. Situated in Diyala province, close to the Iran border, Mansuriya is estimated to hold around 4.6 trillion cubic feet of natural gas, with plateau production projected at about 325 million standard cubic feet per day.
Continue reading https://theduran.com/u-s-and-russia-battle-it-out-over-this-huge-iraqi-gas-field/