"Iraq unveiled an ambitious energy strategy on Wednesday that aims to raise $6 trillion (4.5 trillion euros) from oil and gas sales by 2030 and massively increase local power generation, a major domestic need.
The Integrated National Energy Strategy would see Iraq invest some $620 billion in the sector over nearly 20 years in a bid to substantially increase living standards and employment levels in a country badly hit by decades of conflict and sanctions.
"The strategic goals of the plan are to meet local energy needs, maximise government revenues, encourage economic diversification and improve the standard of living and create jobs," said Thamir Ghadhban, a former oil minister and the head of Prime Minister Nuri al-Maliki's advisory committee."
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