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| Oil Minister: We will stop burning gas in the middle of 2021 |
Alsumaria News / Baghdad
, Oil Minister Ali Jabbar Allaibi, Sunday, that Iraq will stop gas flaring by mid-2021, pointing out that the ministry has drawn up plans to create five refineries in northern, central and southern Iraq.
He said Allaibi in a press conference held at the headquarters of the ministry and attended by Alsumaria News, "The ministry has made significant leaps in the production of crude oil, as well as the optimal investment of gas and a very high rate than it was," noting that "the ministry is working to conclude agreements with international companies to invest gas "He said.
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[You must be registered and logged in to see this image.]Iraq declares plans to stop incineration of associated gas in 2021
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[You must be registered and logged in to see this image.]Oil announces the arrival of gas investment to 1,300 cubic meters per day at the end of the year
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He added that it is hoped that Iraq will stop the burning of gas by mid-2021, thus achieving financial returns to the federal treasury more than $ 6 billion annually, as well as the environmental impact and health of the surrounding oil fields.
He added that "the ministry has developed strategic plans to increase production of oil derivatives and reduce the proportion of imports, through the introduction of investment projects to establish five refineries in the center, south and north of the country."
According to preliminary estimates of the Ministry of Oil that Iraq has a reserve estimated at 132 trillion cubic feet of gas, and since about 70% of Iraqi gas is a gas associated with the extraction of oil, nearly 700 million cubic feet of it was burning and waste because of the lack of infrastructure to address, Iraq ranks 11th among the world's richest natural gas countries after Russia, Iran, Qatar, Saudi Arabia, UAE, America, Nigeria and VenezuelaAlgeria .
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