Oil program to develop gas investment for the first time in 35 years

Oil program to develop gas investment for the first time in 35 years

 Baghdad / term

Developed and visited its oil on Monday, a program to invest in natural gas and approved mechanisms for the first time in 35 years. Included decisions on this level , the construction of three central parks in Basra , Dhi Qar, Maysan, through the activation and development of the contractual obligations of foreign companies operating in the oil fields, which will create employment opportunities for national labor up to three thousand jobs during the implementation phase of projects.
The ministry said in a statement received (range) that the minister Jabbar Allaibi put the investment program and approved mechanisms, and took the decisions of the implementation of the investment policy in the southern region as a model applied to public policy of the Ministry, after studying the plans and data offered him the first of yesterday at the Oil Ministry headquarters in the presence of all concerned .ookd statement, said the oil minister identified the targets and clear mechanisms feasible to avoid any delay in understanding the challenges and achieve the goal to stop gas flaring by 2021, adding that the decisions included: construction of three central complexes in phases and scalable to receive gas in Basra 1000 Mqmq / day , Alana LBP 200 Mqmq, Maysan 400 Mqmq through activation and development of the contractual obligations of foreign companies operating in the oil fields.
The statement continued that for the production of dry gas and liquid condensate, production policy will ensure: the provision of large quantities of dry gas stations , electric power production and to ensure the provision of raw material for the plans to build fertilizer plants and methanol provide material ethane necessary quantities project Nebras petrochemical one of the biggest development opportunities in the country to maximize the country 's ability to liquid gas export and strengthen its role in the global energy market, and manage all amounts condensate produced in all fields and to prevent burning or mixing with crude oil and exported to world markets as a source of competitive prices is important and vital national income, goals Above will achieve fundamental pillars of sustainable development is to: stabilize the highest in the energy and support of the local industry industry through increased hours of electrical power availability and provide an environment more attractive for investment Alojunba.oohar statement to create opportunities for multiple secondary industries by providing heavy industry base, especially petrochemicals create opportunities the work of national labor up to three thousand jobs during the implementation phase of the projects as well as the skills and experience that will be passed through direct dealing with implementation companies.


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