Iraq is seeking to spend, with certain energy partners, $15 billion to boost its gas production, the country's oil minister said May 3, as OPEC's second largest producer works on reducing reliance on Iranian energy imports. The investment on these projects will help boost gas production to 4 Bcf/d, allowing the production of as much as 16 GW of electricity, Ihsan Ismaael announced during a press conference broadcast by Qatari news channel Al Jazeera. These projects include a $3 billion development plan for Basrah Gas Co., which Ismaael disclosed at the press conference. Basrah Gas Co., which counts Shell, Mitsubishi ... (full story)