Iraq's energy sector is on the verge of closing one of its most complex files, as it nears the end of associated gas flaring—a practice that has cost the country billions of dollars annually for decades. Estimates indicate that ongoing gas investment projects in oil fields have achieved advanced completion rates, with expectations that flaring operations will be completely phased out in the near term. This step represents a strategic shift toward utilizing a wasted national resource, as the processed gas will be used to power electricity generation plants, reduce reliance on imports, and potentially enable future exports. Beyond the substantial economic returns, halting gas flaring will significantly curb carbon emissions and reduce the severe environmental pollution that has impacted public health in production areas for years.