The Real Reason Behind U.S. Resuming Iraqi Kurdistan Oil Imports

Several such companies have been working on allowing Iraq to capture more of the gas that emerges as a by-product of oil drilling (‘associated gas’) and was for decades just burned away. The raw figures for these operations has always looked compelling, with official estimates that Iraq’s proven reserves of conventional natural gas amount to 3.5 trillion cubic metres (tcm) or about 1.5% of the world total, placing it 12 th among global reserve-holders. This said, around three-quarters of these proven reserv ...