Oil announces investment of 60% of associated gas and discloses new projects
10:30 - 25/02/2019
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10:30 - 25/02/2019
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Information / Baghdad ..
The Ministry of Oil announced on Monday the success of the investment of 1500 million cubic feet per day of associated gas out of the estimated amount of 2800 million cubic feet a day across the country and the target for the year 2022.
"The quantities of associated gas accompanying the oil production operations currently amount to 2800 million standard cubic feet per day, of which 1500 million standard cubic feet per day is invested," said Undersecretary Hamid Al-Zobaie in a statement to Al-Sabah newspaper. 700 million standard cubic feet per day three years ago. "
Al-Zobaie added that "what has been achieved in this regard is a great success for the ministry, as it managed during this period to invest twice the amount invested, adding that work is underway to increase these quantities to invest fully by 2022," adding that "will end by this year, Of 95 percent of gas burned in the oil fields. "
He confirmed that his ministry is "in the process of concluding contracts for projects which will be finalized according to the plan of the ministry by 2022, four projects of which have been referred and signed contracts, such as the Nasiriyah and Gharraf gas investment project, which we propose that within two years, A standard of gas, "explaining that" the contract was concluded with the (GE) American.
Zobaie noted that "work is under way to complete the procedures for the transfer and signing of the contract of the project of the investment of gas in the province of Basra in the coming months (which includes the gas fields: (West Qurna 2 and crazy and other small Kalahis and soap and bricks within this complex, which is estimated at 300 million cubic feet Standard daily. "
"The projects also include the Omar River Field, which has a capacity of 150 million standard cubic feet per day and work is under way to transfer the contract, as well as the gas investment project in the province of Maysan at the Halafaya Gas Complex of 300 million standard cubic feet per day, which will be referred Within days".
He pointed out that "these projects are all within their assignments and studies, with specific terms of four, three and two years," noting that "all projects will be completed by 2022, and there is a project to supplement the investment of energies allocated to the Gas Company of Basra and work is underway for gas investment projects complex, And will add another unit this year by 200 million standard cubic feet per day, pointing out that the completion of these projects will enable the ministry to invest most of the quantities of gas associated with oil production.
And on the export of gas to the State of Kuwait, Zobaie explained that "the priority of his ministry to provide increasing rates of gas and power plants and there is no project on the ground for the export of gas to the sisterly Kuwait, but there are understandings and discussions with them during the government Abbadi based on the possibility of exploitation of gas not currently invested in the field Rumaila and export to Kuwait for a specific period and until completion of gas processing projects in the South Gas Company, "denying" the existence of a plan to export natural gas within the short and medium term. " Ending / 25
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