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Oil promises three gas investment projects in 2024
The first 12/26/2023
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Baghdad: Al-Sabah
The advisor to the Ministry of Oil, Abdul Baqi Khalaf, revealed that next year will witness the opening of 3 projects to invest in gas, of which 1,100 cubic meters of gas are burned daily, which constitutes 40% of the total Iraqi gas.
Khalaf said, in an interview with “Al-Sabah,” that “the number that is burned daily is very large if we know that each gas snorter releases more than 50 tons of carbon dioxide, and therefore work is supposed to be done on this file,” indicating that “work is underway.” Gas projects were early implemented, but the security situation prevented their completion in the western and northern regions, while some of them were delayed due to budget deficits.
The spokesman explained that “the current year witnessed the launch of the “NGL 1” footprint project with a capacity of 200 mqmq, while next year will witness the opening of 3 projects in Halfaya with a capacity of 300 mqmq, in Nasiriyah with a capacity of 200 mqmq, and in Basra with a capacity of “NGL2” of 200 mqmq, covering the investment of 70% of the investment. The remaining combusted gas (flare) and the contribution to supplying electricity generation plants,” pointing out that “Iraq expects to reach zero combusted gas before 2028.”
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