Iraq commitment to capture flare gas sparks crypto mining speculation

Iraq is looking to reduce both pollution and its dependence on fossil fuels.

Iraq’s Deputy Prime Minister, Muhammad Ali Tamim, recently co-chaired a U.S.-Iraq Higher Coordinating Committee meeting with U.S. Secretary of State Antony Blinken to discuss the future partnership between the two nations. 

During the meeting, Deputy Prime Minister Tamim stated clearly that it was Iraq’s goal to reduce its dependence on fossil fuels, lower pollution, and engage in new partnerships to develop and employ technology to capture “flare gas,” a byproduct of the oil field industry considered a poisonous pollutant.

The statement surrounding the use of “technologies” to capture flare gas have caused some in the crypto community to speculate that Iraq intends to enter the Bitcoin mining sector.

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