The College of Administration and Economics at the University of Baghdad discussed, a PhD dissertation in field of economic by the student (Maysam Abbas Mohsen ) and tagged with (The feasibility of investing in gas associated with oil and its repercussions on the Iraqi economy ) , Under supervision of (Prof. Dr. Thaer Mahmoud Rashid )
Iraq relies mainly on two energy sources: crude oil and natural gas, both free and associated, and because of their availability in large quantities, they are used to generate electrical energy, which is the main engine for many industries and its entry as a raw material in the industrial sector, especially in petrochemicals, fertilizers, iron and steel, and despite its possession For such large quantities, It is unable to exploit it optimally, as it burns a lot of it, thus wasting an important resource.
Natural gas is one of the most important sources of non-renewable energy in Iraq, and therefore this study came to show the feasibility of the possibility of investing in natural gas in Iraq and its repercussions on the economy and thus it provides revenues for the budgets of the Iraqi government and its direct impact on the gross domestic product and its per capita share and the introduction of hard currency, In addition to reducing environmental damage resulting from the gas burning process.
The Ministry of Oil has attached importance to stopping this waste by developing plans and government programs to reduce this waste. These plans have begun to show results in their early stages and are expected to contribute effectively to the global energy market, as well as global initiatives towards moving towards using clean energy to reduce pollution. Environmental and global crises have all led to increased demand for natural gas and raised its position in the global energy market.