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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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Iraq plans to export 6 million barrels per day and not to burn "one drop of gas"

rocky
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Iraq plans to export 6 million barrels per day and not to burn "one drop of gas" Empty Iraq plans to export 6 million barrels per day and not to burn "one drop of gas"

Post by rocky Tue Aug 07, 2018 4:15 am


Iraq plans to export 6 million barrels per day and not to burn "one drop of gas"

14:03 - 06/08/2018
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Information / Baghdad ..
Oil Minister Jabbar al-Luaibi said on Monday that his ministry plans to export six million barrels a day by 2023, while stressing that the ministry plans to move to burn one drop at the end of 2022.
Al-Luaibi said in an interview with the official newspaper "Al-Sabah", "We in the ministry are currently working to develop the features of the oil policy through specific objectives, we seek to reach them, as we follow the plan to raise oil production to more than 7 million and 500 thousand Barrels per day during the years 2023-2024, to allocate 6 million barrels for export, and two and a half million for domestic consumption.
Al-Luaibi added that "the proved reserve for crude oil is 153 billion barrels, and the infiltration of Iraq among OPEC countries comes in second and fourth globally." He pointed out that "the reserve of Iraq much more than that, in the event of activation of the exploration activity intensively, To 230 billion barrels, but because of the wars in the country, the exploration was delayed a lot. "
And on the burning of gas associated with oil, explained Allaibi, "Iraq was losing annually from 7 to 8 billion dollars, because of the burning of gas accompaniment, so the ministry sought through contracts to prevent it, and after 2003 Iraq signed a contract with Shell to invest about 40 percent of But they only reached 50 percent of the contract. We also signed a contract with a US company to invest Nasiriyah gas with a capacity of 200 million cubic feet. "
"Our plans in the ministry are going to burn not a single drop by the end of 2022, by investing all the gas associated with the oil extraction operations with the completion of the main infrastructure of gas," Al-Allaibi said. Ending / 25

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