Iraq is planning to launch a Blue Ammonia project as a strategic move to diversify its oil-dependent economy, according to the chairman of the National Investment Commission (NIC), Haidar Makki. Speaking to the Iraqi News Agency (INA) Makki emphasized that the project is a key component of Iraq’s broader economic diversification plan, aiming to reduce the nation’s reliance on crude oil revenues and develop new revenue streams.
The Blue Ammonia project is expected to play a pivotal role in supporting industrial growth across Iraq. By investing in this clean energy initiative, the country seeks to position itself as a significant player in the global energy transition, where ammonia, particularly blue ammonia produced with carbon capture technology, is gaining traction as a low-carbon fuel alternative and a key ingredient in the production of fertilizers.
Makki highlighted that the economic benefits of the project are substantial, promising to create new jobs, attract foreign investments, and stimulate technological advancements within Iraq’s industrial sector. However, specific details regarding the project’s scale, timeline, and international partnerships will be disclosed once the plans are finalized.
This move reflects Iraq’s commitment to aligning its economic development with global trends in sustainable energy and reducing carbon emissions, marking a significant shift in the nation’s approach to long-term economic stability and environmental responsibility.
