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[size=36]At a cost of 3 billion dollars .. Approval of the investment plan for the Basra Gas Company[/size]
Economie| 03:17 - 05/03/2021
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BAGHDAD - Mawazine News
, the Minister of Oil announced the launch of large investments amounting to 3 billion dollars to develop the gas industry and invest in the Basra Gas Company in support of the national economy, indicating that the percentage of the increase in production will be achieved (40 percent).
Minister Ihsan Abdul Jabbar said during the press conference held by the Ministry of Oil to approve the major investment plan for the Basra Gas Company, that "an investment plan of 3 billion dollars to implement a group of projects for the Basra Gas Company is a major achievement recorded mainly to support the government." The national economy towards a sustainable economy, through the launch of investments in the gas and energy sector. "
The minister added that near-term future plans will enhance the refining or transformative industries and the petrochemical industries, and the Nebras Petrochemical Project is one of the most important projects that will be implemented thanks to the availability of gas, describing the current situation of the Basra Gas Company as excellent. We hope our partners will make exceptional efforts and develop strategies that lead to the development And increase the capacities invested.
The minister indicated that the ministry has other projects for gas investment in the governorates of Dhi Qar, Maysan, Al-Mansuriyah field, a crutch project, and an agreement with Total, which is one of the most important agreements in 2021, which is expected to enter into force at the end of this year.
The Undersecretary for Gas Affairs, Hamid Yunus, said that the target plan for gas investment is a five-year plan to invest 3 billion dollars for a period of five years, indicating that the main project is Basra (NGL) in two phases to reach the production of 1,400 mains to support the national dry gas network and also contribute to increasing quantities Liquid gas produced.
The General Director of the Southern Gas Company, Hamza Abdul-Baqi, said that, with the continuous support and attribution of the Minister of Oil, despite the economic and health conditions, the necessary financial liquidity, amounting to 3 billion dollars, was provided over the next five years to implement plans and projects to raise production rates in the Basra Gas Company to reach 1,400 Moqmqs per day from During the implementation of the Basra Project (NGL), which will be implemented in two phases, ending in 2025, each phase with a capacity of 200 workers per day.
Abdel-Baqi indicated that the increase in production rates will supply electric power plants and increase their production, as well as increase the rates of liquid gas production to reach 7,000 tons per day and increase condensate production rates by 30,000 barrels per day.
The director of Shell in Iraq and the Emirates, Ali Al-Janabi, said that we have reached an important stage of gas production in the Basra Gas Company and we will reap its fruits during the next two or three years, indicating that the gas sector is the soul of the Iraqi economy because it enters the electricity and industry sector, and expressed his thanks for the support provided by the minister And the ministry for the sustainability of work and production.
The Deputy Director General of the Basra Gas Company, the port of Kazem, presented a review of the company's scope of work, which includes 17 gas compressors, 4 natural gas treatment plants, one port for the export of condensate and liquid gas and a gas storage complex, indicating that the company is investing and processing 900 million standard cubic feet per day. Which provides 3.5 kWh produced from dry gas processed to supply more than 3 million homes with electricity, as well as securing 80% of cooking gas for Iraq, and that Iraq has become a source country for liquid gas after it was an importer of the material.
He added that the 2021 work plan aims to add gas capsat with the aim of collecting additional quantities of gas from the fields of the first licensing rounds, and to complete the Basra natural gas treatment project, which will increase the production capacity of the Basra Gas Company from 1,000 to 1,400 million standard cubic feet per day, and increase the quantities of export of material ( LPG) from 30 thousand tons to 70 thousand tons per month.
The ministry’s spokesman, Asim Jihad, said that the Oil Ministry has made strides in the field of optimal investment of gas associated with oil operations, and has begun implementing projects to develop the Mansouriya gas field and has talks to develop Akkas gas field in Anbar province, and that what has been approved today regarding the major investment plan for the Basra Gas Company It is considered a big addition in the gas investment sector in Iraq. Ended 29 / h
, the Minister of Oil announced the launch of large investments amounting to 3 billion dollars to develop the gas industry and invest in the Basra Gas Company in support of the national economy, indicating that the percentage of the increase in production will be achieved (40 percent).
Minister Ihsan Abdul Jabbar said during the press conference held by the Ministry of Oil to approve the major investment plan for the Basra Gas Company, that "an investment plan of 3 billion dollars to implement a group of projects for the Basra Gas Company is a major achievement recorded mainly to support the government." The national economy towards a sustainable economy, through the launch of investments in the gas and energy sector. "
The minister added that near-term future plans will enhance the refining or transformative industries and the petrochemical industries, and the Nebras Petrochemical Project is one of the most important projects that will be implemented thanks to the availability of gas, describing the current situation of the Basra Gas Company as excellent. We hope our partners will make exceptional efforts and develop strategies that lead to the development And increase the capacities invested.
The minister indicated that the ministry has other projects for gas investment in the governorates of Dhi Qar, Maysan, Al-Mansuriyah field, a crutch project, and an agreement with Total, which is one of the most important agreements in 2021, which is expected to enter into force at the end of this year.
The Undersecretary for Gas Affairs, Hamid Yunus, said that the target plan for gas investment is a five-year plan to invest 3 billion dollars for a period of five years, indicating that the main project is Basra (NGL) in two phases to reach the production of 1,400 mains to support the national dry gas network and also contribute to increasing quantities Liquid gas produced.
The General Director of the Southern Gas Company, Hamza Abdul-Baqi, said that, with the continuous support and attribution of the Minister of Oil, despite the economic and health conditions, the necessary financial liquidity, amounting to 3 billion dollars, was provided over the next five years to implement plans and projects to raise production rates in the Basra Gas Company to reach 1,400 Moqmqs per day from During the implementation of the Basra Project (NGL), which will be implemented in two phases, ending in 2025, each phase with a capacity of 200 workers per day.
Abdel-Baqi indicated that the increase in production rates will supply electric power plants and increase their production, as well as increase the rates of liquid gas production to reach 7,000 tons per day and increase condensate production rates by 30,000 barrels per day.
The director of Shell in Iraq and the Emirates, Ali Al-Janabi, said that we have reached an important stage of gas production in the Basra Gas Company and we will reap its fruits during the next two or three years, indicating that the gas sector is the soul of the Iraqi economy because it enters the electricity and industry sector, and expressed his thanks for the support provided by the minister And the ministry for the sustainability of work and production.
The Deputy Director General of the Basra Gas Company, the port of Kazem, presented a review of the company's scope of work, which includes 17 gas compressors, 4 natural gas treatment plants, one port for the export of condensate and liquid gas and a gas storage complex, indicating that the company is investing and processing 900 million standard cubic feet per day. Which provides 3.5 kWh produced from dry gas processed to supply more than 3 million homes with electricity, as well as securing 80% of cooking gas for Iraq, and that Iraq has become a source country for liquid gas after it was an importer of the material.
He added that the 2021 work plan aims to add gas capsat with the aim of collecting additional quantities of gas from the fields of the first licensing rounds, and to complete the Basra natural gas treatment project, which will increase the production capacity of the Basra Gas Company from 1,000 to 1,400 million standard cubic feet per day, and increase the quantities of export of material ( LPG) from 30 thousand tons to 70 thousand tons per month.
The ministry’s spokesman, Asim Jihad, said that the Oil Ministry has made strides in the field of optimal investment of gas associated with oil operations, and has begun implementing projects to develop the Mansouriya gas field and has talks to develop Akkas gas field in Anbar province, and that what has been approved today regarding the major investment plan for the Basra Gas Company It is considered a big addition in the gas investment sector in Iraq. Ended 29 / h
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