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Iraq burns $ 2.5 billion a year

Rocky

Rocky: Admin Assist; Posts : 270642
Join date : 2012-12-21

Post n°1

Iraq burns $ 2.5 billion a year

by Rocky Sun 15 Apr 2018, 2:45 am

[ltr]Iraq burns $ 2.5 billion a year
[/ltr]
[ltr][rtl]Release Date: 2018/4/15 0:05[/rtl] • [rtl]396 times read[/rtl][/ltr]
[ltr][You must be registered and logged in to see this image.]
[Where - Continue]
World Bank reports that Iraq is burning natural gas estimated at millions of dollars annually.
The World Bank said that Iraq hopes to end the burning of gas by 2021, costing his government about $ 2.5 billion annually in the form of lost returns.
The oil ministry announced on Saturday that 14 international companies have shown interest in contracts for oil and gas exploration is scheduled to be tender on April 25 related to the development of 11 exploratory areas located in areas along the border with Iran and Kuwait and in the waters of the Gulf, in June.
However, the deadline was extended to April 15 and extended to April 25 to give companies "more time to study the offers for this round before submitting bids on the specified date," the ministry said.
The Oil Ministry announced last month measures to reduce fees paid to oil companies in the contracts to be covered by the tender.
Companies such as Exxon Mobil, Eni, Total, Royal Dutch Shell and Lukoil helped Iraq expand its production over the past decade by more than 2.5 million barrels a day to about 4.7 million bpd.
The new contracts, put forward by the Iraqi government, set a deadline for companies to stop burning gas in the oil fields they develop.

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Established in 2006 as a Community of Reality

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Iraq burns $ 2.5 billion a year

Iraq burns $ 2.5 billion a year

Iraq burns $ 2.5 billion a year

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