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Iraqi gas economy is seeing a new customer

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rocky
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Iraqi gas economy is seeing a new customer

Post by rocky on Fri 09 Nov 2018, 2:02 am

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Iraqi gas economy is seeing a new customer[/size]
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 2 hours ago




Kuwait has announced that discussions with the Iraqi side on the import of gas have reached the final stages and that there is a project to raise the efficiency of refineries to produce high-value derivatives instead of heavy fuel.

"Talks with brothers in Iraq on the import of gas in the final stages," Kuwait's Al-Rai newspaper quoted Kuwaiti Oil, Electricity and Water Minister Bakheet Al-Rashidi as saying.

"The readiness of the Ministry of Electricity and Water in all its sectors, especially the maintenance sector, which is spread throughout the country to maintain the continuity of electricity under any circumstances."

The Kuwaiti minister denied what was raised about the loss incurred by the refinery, because there is no coordination between the ministries concerned in relation to the operation of power plants, stressing that "this is not true at all, as the approach to gas in the interest of the Ministry of Electricity in the first place, In the second class. "

Al-Rashidi said that "the Ministry of Electricity and Water's approach to gas instead of fuel will be followed by the modernization or addition of new conversion units to Al-Zour refinery. These units will be very profitable compared to the production of heavy fuel."

The Kuwaiti oil minister announced in February 2017 the agreement with Iraq on the import of 50 million cubic feet per day of natural gas as a first stage, among the former Iraqi oil minister Jabbar al-Allaibi, the date of signing the contract is linked to some logistics and prices.

The Iraqi government announced in August 2017, negotiating with Kuwait to supply gas instead of paying money to them as part of the compensation imposed on Baghdad.


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