Oil Ministry announces "ambitious plans" to invest and export gas after achieving self-sufficiency

Oil Ministry announces "ambitious plans" to invest and export gas after achieving self-sufficiency


 Baghdad / Fadia maids

Iraq is ranked eleventh among the world 's rich natural gas, after Russia, Iran, Qatar, Saudi Arabia, United Arab Emirates and the United States, Nigeria, Venezuela and Algeria, estimated the Iraqi Ministry of Oil gas reserves B137 trillion cubic feet, the majority of associated crude oil gas, but Iraq is very much backward in the investment of these wealth, estimated annual financial losses caused by the combustion of gas to $ 3.65 billion, and only recently have been drawn to this investment in terms of opening the door wide open within the ministry plans to invest associated gas resulting from the refining and oil production.
Ministry spokesman Assem Jihad , Oil, confirms that, the ministry has plans ambitious with regard to gas investment associated with , and it has achieved a great deal of achievement on gas investment associated with the operations of the refining level, where invested quantities are growing steadily, and the ambition of Iraq is now dry gas investment after a year 2018- 2019.
Jihad said in his speech for the "long" the oil ministry has two basic goals within their plans strategy, namely to achieve self - sufficiency in gas, exporting dry gas, pointing out that, Iraq started exporting condensate and liquid gas and still need to dry gas, and invest in larger quantities, which amounts It increases with the increase in oil production.
Jihad shows that, if the ministry goes on its plans fully, it is possible to get to the stage we stop the import of gas and export surplus quantities, pointing out that, there are power stations rely on dry gas, and that the ministry aims to activate the petrochemical industry , which relies Dry gas.
The Minister of Finance Agency Abdul Razzaq al- Issa, has announced that the World Bank expressed its readiness to allocate nine million dollars to support gas investment associated in Iraq, he said in a statement issued on the sidelines of the spring meetings of the IMF and the World Bank in Washington, said that the Iraqi government will intensify the work of the Joint Commission between the Ministries finance, electricity and oil to activate the associated gas investment and benefit from it in the operation of electric power projects.
The Al - Issa, the World Bank is ready to provide a grant of nine million dollars, to support projects and studies to invest the associated gas in Iraq.
It is noteworthy that, the Ministry of Oil opened earlier, three projects contribute to the reduction of gas flaring associated with operations in Bazerkan fields and Abu West and loose change, within the oil fields of the Maysan Oil Company.
A senior agent of the Ministry of Fayyad Hassan blessing, in a statement that these projects is the real beginning of the investment associated in the province of Maysan gas lies the importance of these projects , which opened in the provision of new quantities of gas to supplement power plants as well as reducing environmental pollution. He added that the ministry began Bhkulai Bazerkan and loose change, and will later all oil fields in the province , which is one of the most promising provinces in gas production.
And sees specialists in the oil issue, the gas production needs to be an integrated strategy system, combining gas from the scattered fields across Iraq , from north to south, and addressed several substances are amino acids, sulfur , carbon dioxide and water, and if it has been processed can then be pumped Eabsat to the main pipelines that bring gas from all of Iraq, and argued that the problem is that these tubes are present, only a few of them parts, we do not have yet a comprehensive study of infrastructure in all Alarac.ivkr that the history of the gas industry in Iraq at the commercial level is due for 1927, but despite the possession of enormous wealth Of associated production of crude oil and free gas and natural gas in terms of the large volume of proved and probable reserves, but the marketer of natural gas production is not commensurate with the total production of natural gas, and not commensurate with what Iraq possessed large reserves, as well as a decline in the gas industry Iraq and the decline in its ability to convert natural gas into gaseous products enhance the added value of the industry and the momentum of industries and other sectors.
Iraq is currently investing limited amounts of associated gas in a number of oil fields in Basra province , according to the system of contracts with foreign companies.



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