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Kuwait and Iraq Will Begin Negotiations for a Gas Import deal

Recent reports have indicated Kuwait is now willing to begin negotiations with Iraq for a gas import deal.

Recent reports have indicated Kuwait is now willing to begin negotiations with Iraq for a gas import deal. Several elements within Iraq have halted negotiations. Conflict, lack of infrastructure in place to support the deal has stalled talks between the two countries.

Kuwait’s Essam Al Marzoug, the newly appointed oil minister and Iraqi Minister of Oil, Jabbar Ali al-Luaibi (Allibi) have both agreed to create a joint committee that will help organise the transfer of 5 million cubic feet per day of gas, with future plans to eventually increase the number to 200m cf/d.

Specifics were not offered on the actual methods of transferring the gas, however, it is safe to say a successful previous transfer of gas in March from Iraq’s southern oil fields in the amount of 10,000 cubic metres cargo of condensate proves a transfer is in the near future. 

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