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Wasting 45 billion dollars annually in the Ministry of Oil for this reason
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A report by Gulf News on oil and economic affairs revealed on Thursday that Iraq wasted 45 billion dollars due to the [url=https://www.thebaghdadpost.com/ar/Story/t/93139/%D8%AD%D8%B1%D9%82 %D8%A7%D9%84%D8%BA%D8%A7%D8%B2]burning of gas[/url] associated with the extraction of oil.
"All Arab oil producing countries except Iraq have made efforts to reduce waste in the process of [url=https://www.thebaghdadpost.com/ar/Story/t/93139/%D8%AD%D8%B1%D9%82 %D8%A7%D9%84%D8%BA%D8%A7%D8%B2]burning[/url] natural [url=https://www.thebaghdadpost.com/ar/Story/t/93139/%D8%AD%D8%B1%D9%82 %D8%A7%D9%84%D8%BA%D8%A7%D8%B2]gas[/url] associated with oil and use the resulting savings to generate energy, raw materials for fertilizers and the petrochemical industry," the report said.
In 2013, their crude oil production was close to 24 million barrels per day and gas burning at 21.8 billion cubic meters. By 2017, crude [url=https://www.thebaghdadpost.com/ar/Story/t/3506/%D8%A5%D9%86%D8%AA%D8%A7%D8%AC %D8%A7%D9%84%D9%86%D9%81%D8%B7]oil production[/url] had exceeded 26 million barrels per day and gas burning had increased to 25.5 billion cubic meters. "
"All the increase in [url=https://www.thebaghdadpost.com/ar/Story/t/93139/%D8%AD%D8%B1%D9%82 %D8%A7%D9%84%D8%BA%D8%A7%D8%B2]gas burning[/url] came from Iraq, where oil production rose from 3 to 4.5 million barrels a day, while burning increased 13.3 billion cubic meters to 17.8 billion cubic meters per day by 2017. Iraq should learn from its neighbors to start the program To reduce waste if he wants to meet the promise of the Minister of Oil to reach a non-leniency in the burning of gas by the year 2021, which is a very optimistic promise not supported by work on the ground.
He added that "the capacity to address the [url=https://www.thebaghdadpost.com/ar/Story/t/93139/%D8%AD%D8%B1%D9%82 %D8%A7%D9%84%D8%BA%D8%A7%D8%B2]burning of[/url] associated [url=https://www.thebaghdadpost.com/ar/Story/t/93139/%D8%AD%D8%B1%D9%82 %D8%A7%D9%84%D8%BA%D8%A7%D8%B2]gas[/url] in Iraq in 2002 was just over 16 billion cubic meters, the same percentage so far, where the average gas statistics in Iraq to produce 19.2 billion cubic meters and consumption of 7.3 billion cubic meters between September 2008 to June 2017, which means that the process of burning wasted 11.9 billion cubic meters, or equivalent to 62 percent of production or the value of 196 thousand barrels of oil per day.
He continued that "with the price of a barrel of crude oil to about $ 70 dollars, the resource wasted gas is worth 45 billion dollars a year, which is enough to build a whole new gas industry in Iraq."
The report pointed out that "in June of 2017 has increased crude oil production in Iraq again, which means that the [url=https://www.thebaghdadpost.com/ar/Story/t/93139/%D8%AD%D8%B1%D9%82 %D8%A7%D9%84%D8%BA%D8%A7%D8%B2]burning of gas[/url] has also increased 15.9 billion cubic meters, which is equivalent to about 260 thousand barrels per day or a loss of $ 20 million a day," asserting that "effective use The gas will free up additional crude oil for export, improve the environment, create jobs and develop other industries, and the issue for Iraq is much more. "
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A report by Gulf News on oil and economic affairs revealed on Thursday that Iraq wasted 45 billion dollars due to the [url=https://www.thebaghdadpost.com/ar/Story/t/93139/%D8%AD%D8%B1%D9%82 %D8%A7%D9%84%D8%BA%D8%A7%D8%B2]burning of gas[/url] associated with the extraction of oil.
"All Arab oil producing countries except Iraq have made efforts to reduce waste in the process of [url=https://www.thebaghdadpost.com/ar/Story/t/93139/%D8%AD%D8%B1%D9%82 %D8%A7%D9%84%D8%BA%D8%A7%D8%B2]burning[/url] natural [url=https://www.thebaghdadpost.com/ar/Story/t/93139/%D8%AD%D8%B1%D9%82 %D8%A7%D9%84%D8%BA%D8%A7%D8%B2]gas[/url] associated with oil and use the resulting savings to generate energy, raw materials for fertilizers and the petrochemical industry," the report said.
In 2013, their crude oil production was close to 24 million barrels per day and gas burning at 21.8 billion cubic meters. By 2017, crude [url=https://www.thebaghdadpost.com/ar/Story/t/3506/%D8%A5%D9%86%D8%AA%D8%A7%D8%AC %D8%A7%D9%84%D9%86%D9%81%D8%B7]oil production[/url] had exceeded 26 million barrels per day and gas burning had increased to 25.5 billion cubic meters. "
"All the increase in [url=https://www.thebaghdadpost.com/ar/Story/t/93139/%D8%AD%D8%B1%D9%82 %D8%A7%D9%84%D8%BA%D8%A7%D8%B2]gas burning[/url] came from Iraq, where oil production rose from 3 to 4.5 million barrels a day, while burning increased 13.3 billion cubic meters to 17.8 billion cubic meters per day by 2017. Iraq should learn from its neighbors to start the program To reduce waste if he wants to meet the promise of the Minister of Oil to reach a non-leniency in the burning of gas by the year 2021, which is a very optimistic promise not supported by work on the ground.
He added that "the capacity to address the [url=https://www.thebaghdadpost.com/ar/Story/t/93139/%D8%AD%D8%B1%D9%82 %D8%A7%D9%84%D8%BA%D8%A7%D8%B2]burning of[/url] associated [url=https://www.thebaghdadpost.com/ar/Story/t/93139/%D8%AD%D8%B1%D9%82 %D8%A7%D9%84%D8%BA%D8%A7%D8%B2]gas[/url] in Iraq in 2002 was just over 16 billion cubic meters, the same percentage so far, where the average gas statistics in Iraq to produce 19.2 billion cubic meters and consumption of 7.3 billion cubic meters between September 2008 to June 2017, which means that the process of burning wasted 11.9 billion cubic meters, or equivalent to 62 percent of production or the value of 196 thousand barrels of oil per day.
He continued that "with the price of a barrel of crude oil to about $ 70 dollars, the resource wasted gas is worth 45 billion dollars a year, which is enough to build a whole new gas industry in Iraq."
The report pointed out that "in June of 2017 has increased crude oil production in Iraq again, which means that the [url=https://www.thebaghdadpost.com/ar/Story/t/93139/%D8%AD%D8%B1%D9%82 %D8%A7%D9%84%D8%BA%D8%A7%D8%B2]burning of gas[/url] has also increased 15.9 billion cubic meters, which is equivalent to about 260 thousand barrels per day or a loss of $ 20 million a day," asserting that "effective use The gas will free up additional crude oil for export, improve the environment, create jobs and develop other industries, and the issue for Iraq is much more. "
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