Iraq Plans to Spend $500 Billion on Energy Projects by 2030

Iraq plans to spend $500 billion on energy projects by 2030, said Hussain al-Shahristani, the country’s deputy prime minister for energy affairs.

The Arab nation’s capacity to generate electricity will reach 22 gigawatts by 2016 and will satisfy domestic demand, he said at a conference in Baghdad today.

To contact the reporter on this story: Khalid Al-Ansary in Baghdad at kalansary@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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