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[size=36]Parliamentarian: Iraq wastes $3 billion annually due to gas burning operations[/size]
Economy | 01:59 - 04/02/2024
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Mawazine News - Baghdad
Representative Mudar Al-Karawi confirmed on Tuesday that Iraq’s loss from burning gas in its oil fields amounts to $3 billion annually.
Al-Karawi said in a statement followed by Mawazine News: “Although Iraq has fields with huge gas reserves, the volume of its production is very limited, which prompted it to import about 75% of its needs from abroad to operate electricity production stations directly.”
He added, "Iraq's loss from burning associated gas in oil fields amounts to $3 billion annually, not to mention the serious environmental pollution, which was documented through a series of international reports that sounded the alarm bell for many years."
He pointed out that "there are three-way efforts by the government to end the issue of gas burning through comprehensive deals with international companies, while financing projects to supply lines to electricity production stations in order to provide part of the energy during the coming period, expecting Iraq to reach the stage of sufficiency within 3 years from now".
Al-Karawi said in a statement followed by Mawazine News: “Although Iraq has fields with huge gas reserves, the volume of its production is very limited, which prompted it to import about 75% of its needs from abroad to operate electricity production stations directly.”
He added, "Iraq's loss from burning associated gas in oil fields amounts to $3 billion annually, not to mention the serious environmental pollution, which was documented through a series of international reports that sounded the alarm bell for many years."
He pointed out that "there are three-way efforts by the government to end the issue of gas burning through comprehensive deals with international companies, while financing projects to supply lines to electricity production stations in order to provide part of the energy during the coming period, expecting Iraq to reach the stage of sufficiency within 3 years from now".
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