A view shows the al-Shuaiba oil refinery in southwest Basra, Iraq April 20, 2017.
Luaibi, who was speaking at an industry conference in Abu Dhabi, also said that his ministry plans to conclude three contracts with international gas companies by mid-2018 to utilize gas from the south of the country.
He said that by 2021, the country plans to “reach zero gas flaring”.
Iraq is forced to flare some of the gas produced alongside crude oil as it lacks the facilities needed to capture and process it into usable fuel.
Reporting by Rania El Gamal; editing by Alexander Smith
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