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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Shell aims to raise gas production in Iraq to 1.4 billion feet per day

    Rocky
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    Shell aims to raise gas production in Iraq to 1.4 billion feet per day Empty Shell aims to raise gas production in Iraq to 1.4 billion feet per day

    Post by Rocky Sun 27 May 2018, 2:55 am

     Shell aims to raise gas production in Iraq to 1.4 billion feet per day





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    expressed the company «Royal Dutch Shell» for its efforts to increase gas production in Iraq to 1.4 billion cubic feet per day by 2020, which will raise Iraq on a list of gas producing countries several mattresses. 
    Iraq entered the exporting countries club two years ago, achieving a quantum leap in the investment of natural gas. In the last year, it exported 67,785,000 cubic meters of gas condensates and 143667 thousand metric tons of liquid gas through the Basrah Gas Company.
    In Iraq, several companies invest in the gas associated with the process of extracting crude oil, namely Bulgarian Bulgar, Trans Gas, OMV, Hungarian UML and Emirati Crescent and Dana Gas. , The Turkish «Potash» and the German «RVI». These companies formed a "coalition" comprising companies of Austria, Hungary and UAE, announcing an action plan worth eight billion dollars to pump enough Iraqi gas enough for Iraq and neighboring countries and meet some of the European demand. 
    Turkey, Syria, Jordan and Egypt "have expressed interest in supplying Iraqi gas and will begin negotiations with the Iraqi government to sign gas contracts." "The company is fully committed to its joint gas project in Iraq," a senior Royal Dutch Shell executive said, adding that it plans to increase its gas production there to 1.4 billion cubic feet per day by 2020.
    The Basra Gas Company was established to invest the associated gas, through the contract of the Iraqi Oil Ministry with the Dutch company "Shell" by 44 percent, and "Mitsubishi" Japanese 5 percent of $ 17 billion of three oil fields are «Rumaila» and «Zubair »And« West Qurna / 1 ». The project aims to collect gas from the fields in the south of the country, including the West Qurna-1 field operated by ExxonMobil, the Zubair field run by Eni and the Rumaila field, which BP is developing. 
    "Gas production from the joint venture, the main fuel producer in southern Iraq, currently stands at 938 million standard cubic feet per day with plans for further expansion," said General Manager of Basra Gas, Fritz Kalab. "Since 2013, when it started operating, we have increased the processing capacity to more than three times," he said.
    Iraq plans to stop the burning of gas by 2021, while its burning will cause the government to lose about $ 2.5 billion in revenue, while the amount of gas being burned is sufficient to meet most of the gas generation needs, the World Bank said. 
    Shell has already announced that it will concentrate its efforts on the development and development of the Basra Gas Company after the operations at Majnoon Field were handed over to the Iraqi government. Shell also sold its stake in West Qurna-1 to Japan's Itochu. 
    "Shell will be in a stronger position to focus its efforts on the development of Basrah gas and perhaps the Nebras petrochemical project, of course," he said. 
    Iraq's production of associated gas is expected to grow at a time when the country is increasing its oil production capacity and plans to increase production capacity of crude oil to 6.5 million bpd by 2022, from around 5 million bpd at the moment.
    Iraqi gas has helped feed the Nabucco natural gas pipeline project, which is about 3,300 km long and is transporting gas from the Caspian Sea through Turkey, Bulgaria, Romania and Hungary, to Austria to supply this gas to Europe and reduce its dependence on Russia. 
    Experts estimate that 70 percent of Iraq's natural gas is emitted with the oil extraction process and is burned daily. This means that daily waste is enough to supply Jordan with electricity twice, and to fill 300,000 cylinders of gas per day, and cost the country $ 80 million a day.
    The government of Baghdad has already announced the provision of $ 5 billion was spent on the import of oil derivatives for the years 2015 to 2017 and that future plans are moving towards self-sufficiency and transition to the stage of export. Iraq ranks 11th in the world with its 135 billion cubic feet of gas reserves and is likely to reach fifth place in these reserves if gas exploration is completed. 
    The Iraqi Oil Minister Jabbar Ali al-Allaibi, «Iraq's reserves of gas is 135 billion cubic feet, pointing to the presence of 73 oil fields discovered, 30 percent of which is under development». He added Allaibi that «Iraq is a country rich in gas and investment in this area will put Iraq in the ranks of developed countries in the production of gas». The Ministry of Oil, last week »the launch of the field of Saybah gas, pointing out that the field is one of the most important three gas fields in Iraq».
    The ministry explained that «so far managed to invest 60 percent of the gas associated with this wealth, and we are working on the investment of the remaining quantities and stop the burning completely over the next few years through the contract with international companies solid. Iraq plans to eliminate the burning of gas associated with the extraction of oil without exploitation by 2021.


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