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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: New investments in gas fields in the south and east

    Rocky
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    • Post n°1

    Iraq: New investments in gas fields in the south and east Empty Iraq: New investments in gas fields in the south and east

    Post by Rocky Fri 30 Apr 2021, 2:28 pm


    [size=47]Iraq: New investments in gas fields in the south and east[/size]



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    Baghdad
    Aktham Saifuddin
    April 30, 2021
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    The ministry has started implementing 3 projects it says are promising for gas investment (France Press)
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    Today, Friday, the [You must be registered and logged in to see this link.] Ministry of [You must be registered and logged in to see this link.] announced the start of the process of investing more than 1,500 million standard cubic feet (muqmuq) per day of natural gas, confirming its ambition to reach an investment capacity of 4,000 mugglers per day before 2025.
    According to a statement issued by Iraqi Oil Minister Ihsan Abdul-Jabbar Ismail, "The ministry has started implementing 3 promising [You must be registered and logged in to see this link.] projects in the governorates of Basra, Maysan, and Dhi Qar, southern Iraq, which will add more than 1,000 Moqmqs per day to the current national production."

    And he also announced that the ministry had succeeded, last month, in referring the investment contract of the Mansouriya gas field in Diyala province to one of the international Chinese companies [You must be registered and logged in to see this link.] free [You must be registered and logged in to see this link.] , with an amount of up to 300 workers per day. 
    Ismail confirmed, "Iraq continues to invest solar energy in supplying electric power stations by implementing contracts with international companies to generate 10,000 thousand megawatts before 2025," explaining that "a contract to generate 750 megawatts has been referred to the national system, and that the solar energy production process is the least expensive." Compared to other energies. "
    He pointed out that the electric power generation system consumes 250 thousand barrels of black and crude oil daily, and that exceptional efforts are being made to accelerate the conversion of these stations to the use of domestic or imported gas fuel, with the aim of increasing production efficiency, increasing the generating capacity of electric power stations, and minimizing the effects. Environmental, as well as investing in exporting crude and black oil instead of burning it in generating electric power, to achieve financial returns that support the budget and boost the national economy. "
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    He pointed out that "the ministry is considering the possibility of benefiting from the Egyptian surplus gas production to support the electric power production system, during the current stage, with the aim of achieving flexibility in providing gas fuel from many sources to cover part of the need for electric power plants and until self-sufficiency is achieved in 2025."
    This comes at a time when Baghdad is currently seeking to secure its needs of the gas needed to operate the power stations, in an urgent manner, at a time when signs of a crisis are looming on the horizon with the emergence of demonstrations in a number of governorates denouncing the lack of supply of electricity
    Iraq is currently engaged in talks with Iran to increase the supply of gas, and the Iraqi Minister of Electricity, Najed Mahdi Hantoush, expressed his optimism about the Iranian response to provide his country with the additional quantities of gas required.
    In a statement to the local Iraqi News Agency (INA), the minister said, "The upcoming visit that we will conduct to Iran through which we hope to achieve what is planned to supply the required quantities of gas for all electrical stations," stressing that "there will be an improvement in the supply of energy during the period." And that the Ministry of Electricity has the support of Prime Minister Mustafa Al-Kazemi.
    Iran recently reduced its gas exports to Iraq, due to its failure to pay the financial dues accumulated on it, which amounted to 5 trillion Iraqi dinars (one dollar equals 1460 Iraqi dinars), as the imported quantities reached a quarter of Iraq's needs, which caused electrical generating units to go out of business.
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