[size=30]Iraq is racing the light to stop gas flaring .. 1,200 tanks collected from the country's fields could save $ 3.5 billion
2021-05-07
[/size]
[You must be registered and logged in to see this link.]
Yes Iraq: Baghdad
Iraq is making efforts in an increasing race to raise the amount of invested gas and stop burning it, at a time when Iraq goes to import it from neighboring countries, so that Iraq’s losses are doubly represented, the first of which is burning its own gas in billions of dollars, and going to import the same quantities in billions of dollars.
Ministry spokesman Asim Jihad said in statements to the official agency, "The ministry has developed an investment plan worth three billion dollars to raise the production capacity of the Basra Gas Company to 1,400 million standard cubic feet per day," indicating that "the current production reaches about 900 to one thousand million cubic meters." Standard from the Basra Gas Company only, ”pointing out that“ the contract for the development of the Mansouriya gas field, which is one of the fields known as free gas in Diyala province, has been awarded. ”
He added that "the production capacity that the ministry aspires to is to reach 3000 million standard cubic feet per day," noting that "the ministry is in talks with international companies to develop the gas crutch field, and that discussions are continuing with international companies after Eid Al-Fitr."
Jihad stated that “the ministry will sign within the coming period with (Baker News General Electric) a contract to develop or invest all the gas in Dhi Qar Governorate,” explaining that “an agreement has been made with Chinese companies to invest all the gas in Maysan Governorate.”
He stressed that "the ministry recently laid the foundation stone for a very large project, which is to invest 400 million standard cubic feet per day from the Artawi field."
Jihad noted that "the company aims to achieve an increase from 300 to 600 million standard cubic feet, and thus Iraq will achieve almost a high percentage of the gas associated with oil operations that will generate large quantities and will also be reflected in the Iraqi national production."
Iraq currently invests from the gas accompanying the oil extraction operations about 1500 muqmqm, while about 1200 muqmq are burned, which is the number that Iraq seeks to invest and stop burning, bringing the total of what Iraq invests in more than 2,700.
While Iraq burns 1,200 muqmqs, it imports 50 million cubic meters from Iran per day, which is approximately 1,700 mqmq, which means that if Iraq invests all of its gas, it will still need only 500 mqmqm, and may be able to compensate it also during the coming years in the event of raising its entire investment to 3 Thousands of subscribers daily, saving $ 3.5 billion annually.
Oil is "serious" to invest
For his part, the head of the Oil and Energy Committee, Haybat Al-Halbousi, confirmed that Oil Minister Ihsan Abdul-Jabbar is keen to go ahead with ending gas burning and making use of it in operating the electrical stations.
Al-Halbousi said that "there are gas fields discovered as crutches and Mansouriya, and their investment has begun in partnership between the Chinese companies and the Central Oil Company for the purpose of stopping gas burning and gas investment," indicating that "there is a settlement between the Ministry of Oil and the Korean company for the purpose of moving the issue of investment to sober companies in order to stop the burning." .
"It is shameful for Iraq to import gas from Iran or elsewhere, and it has quantities that can be obtained that exceed what is in these countries," he added.
[You must be registered and logged in to see this link.]
Today at 1:56 am by Rocky
» MM&C 7/4/24 Tabaqchali: An Unfolding Structural Economic Transformation in Iraq
Today at 12:15 am by Rocky
» utube 7/4/24 MM&C IQD Updates - Iraqi Dinar - Relations w / Baghdad & Kurdistan - Good - Financial
Yesterday at 7:25 pm by Rocky
» utube 7/2/24 MM&C IQD Update Part 2 - Iraqi Dinar - Automation for Revenues - Singapore Agreement
Yesterday at 7:23 pm by Rocky
» utube 7/2/24 MM&C part 1 Iraqi DinarPart 1 - IQD Update - Progession of Intergr
Yesterday at 7:21 pm by Rocky
» MM&C 7/2/24 The dollar in the parallel market.. Al-Sudani’s advisor presents a different vision and
Yesterday at 7:20 pm by Rocky
» Al-Sudani: Iraq's growth rate is the highest in the region and we have made significant progress in
Yesterday at 7:16 pm by Rocky
» What terrified Barzani and prompted him to visit Baghdad?
Yesterday at 7:12 pm by Rocky
» Barzani to ambassadors of 8 countries: Taking into consideration the interest of Iraq and the region
Yesterday at 7:10 pm by Rocky
» Trade participates in the preparatory meeting of the Iraqi-Jordanian Committee
Yesterday at 7:06 pm by Rocky
» The most prominent of which is the decision of the Central Bank.. Three reasons behind the rise of t
Yesterday at 7:02 pm by Rocky
» Baghdad buildings.. apartments rising quickly and prices soaring even higher
Yesterday at 7:00 pm by Rocky
» Al-Sudani stresses the importance of the public sector's role in implementing government priorities
Yesterday at 6:58 pm by Rocky
» Today.. Central Bank sales record more than 280 million dollars
Yesterday at 6:55 pm by Rocky
» Parliamentary movement to cancel decisions of the dissolved Revolutionary Command Council
Yesterday at 6:54 pm by Rocky
» Sudanese advisor reveals the reason for the rise in the dollar price
Yesterday at 6:53 pm by Rocky
» The Slums Law is in the Government’s Halls and Parliament is Waiting for Its Arrival.. MP Speaks to
Yesterday at 6:51 pm by Rocky
» Oil confirms achieving advanced rates in gas investment
Yesterday at 5:39 pm by Rocky
» Economist: Increased demand for electricity prompts us to look for “urgent solutions” to generate po
Yesterday at 5:37 pm by Rocky
» When will you leave the country? ... Iraq demands and America procrastinates
Yesterday at 5:36 pm by Rocky
» Demand for Al-Sudani to reveal the results of the investigations into the assassination of Al-Nasr l
Yesterday at 5:35 pm by Rocky
» Parliamentary Committee: The Ministry of Education’s budget is small and does not live up to the lev
Yesterday at 5:34 pm by Rocky
» Iraq announces drilling and reclaiming 105 oil wells during the first half of the year
Yesterday at 5:32 pm by Rocky
» For the fourth day.. Dollar prices continue to rise in Baghdad and Erbil
Yesterday at 5:31 pm by Rocky
» In the presence of Massoud Barzani .. Sunni forces hold a "decisive" meeting to resolve the crisis o
Yesterday at 5:29 pm by Rocky
» "Short-term".. Al-Sudani's advisor explains the reasons for the continued rise in the exchange rate
Yesterday at 5:26 pm by Rocky
» During 2024.. Petroleum Products Counts Gas Fuel Consumption Quantities for Cars
Yesterday at 5:25 pm by Rocky
» Iran, Turkmenistan officially sign gas swap agreement to supply to Iraq
Yesterday at 5:24 pm by Rocky
» Parliamentary Committee Identifies a “Fundamental Problem” Facing the Oil and Gas Law.. How Can It B
Yesterday at 5:23 pm by Rocky
» "We have not chosen the company to implement the project yet." Baghdad Municipality reveals the late
Yesterday at 5:22 pm by Rocky
» Iraq is the third country in which Türkiye has implemented the most projects in half a century
Yesterday at 5:21 pm by Rocky
» Iraq decides to introduce artificial intelligence in this field
Yesterday at 5:20 pm by Rocky
» Plan to convert oil refineries to environmentally friendly
Yesterday at 5:19 pm by Rocky
» Baghdad Airport Expansion to 9 Million Passengers Annually
Yesterday at 5:18 pm by Rocky
» Basra pursues land contract fraud
Yesterday at 5:17 pm by Rocky
» Government policy to control the state's public finances
Yesterday at 5:15 pm by Rocky
» Advisor: Iraq aspires to lead the Fourth Industrial Revolution
Yesterday at 5:14 pm by Rocky
» Baghdad Council threatens to confiscate illegal generators
Yesterday at 5:13 pm by Rocky
» Iraqi Creatives Museums and Cultural Centers
Yesterday at 5:12 pm by Rocky
» Oil: Gas investment reached 62%
Yesterday at 5:11 pm by Rocky
» Barzani in Baghdad
Yesterday at 5:10 pm by Rocky
» World Bank: Iraq is among the middle-income countries
Yesterday at 5:09 pm by Rocky
» Experts praise agricultural policies and call for supporting farmers
Yesterday at 5:08 pm by Rocky
» The Ministry of Interior issues ID cards to owners of "positive content"
Yesterday at 5:05 pm by Rocky
» Minister of Labor: Anbar's share of police contracts is 2,377 beneficiaries
Yesterday at 5:04 pm by Rocky
» The Minister of Labor holds social researchers morally responsible and assigns them two basic tasks
Yesterday at 5:03 pm by Rocky
» Kurdistan Finance announces the start of distributing salaries for these categories next Sunday
Yesterday at 5:02 pm by Rocky
» Judge Zidane visits the Supreme and Constitutional Courts of Azerbaijan
Yesterday at 5:00 pm by Rocky
» Coordination Framework: The coming days will witness the "birth" of the Diyala local government
Yesterday at 4:59 pm by Rocky
» An economist explains the reasons for the dollar’s rise and sets a condition for its decline - Urg
Yesterday at 4:58 pm by Rocky
» Investment Authority announces the processing of 249 stalled projects
Yesterday at 4:56 pm by Rocky
» Final statement of the meeting of the General Secretariat of the Union, June 29-30, 2024.. Baghdad S
Yesterday at 4:55 pm by Rocky
» Chief Justice describes President Barzani’s visit to Baghdad as “important and historic”
Yesterday at 4:54 pm by Rocky
» Masrour Barzani welcomes the Federal Court’s decision: It will strengthen confidence in the relation
Yesterday at 4:53 pm by Rocky
» Kurdistan Council of Ministers discusses equalizing the salaries of retirees in the region with thei
Yesterday at 4:52 pm by Rocky
» President Barzani after meeting with Al-Sudani: We had a constructive dialogue and will continue coo
Yesterday at 4:50 pm by Rocky
» Al-Sudani's financial advisor reveals the reason for the continued rise of the dollar and confirms:
Yesterday at 4:49 pm by Rocky
» Barzani reveals the goals of his visit to Baghdad: There is an intention to resolve the differences
Yesterday at 4:48 pm by Rocky
» The Turkish army penetrates into Iraqi territory with Baghdad's approval!
Yesterday at 4:47 pm by Rocky
» The Regional Council of Ministers discusses unifying the salaries of its retirees with the center
Yesterday at 4:46 pm by Rocky
» Two countries sign a contract on gas supplied to Iraq
Yesterday at 4:45 pm by Rocky
» Communications: Cable contracts will improve internet service in Iraq
Yesterday at 4:44 pm by Rocky
» Interior Ministry reveals two “strategies” regarding social media
Yesterday at 4:43 pm by Rocky
» Will social security guarantee the rights of workers and earners? An economist answers
Yesterday at 4:42 pm by Rocky
» Al-Sudani receives a group of sheikhs and dignitaries of the Zubaa tribe in Baghdad
Yesterday at 4:41 pm by Rocky
» Discussing the file of the international coalition and the presidency of parliament.. Details of the
Yesterday at 4:39 pm by Rocky
» Experts: Coordination between the center and the region is necessary to find a solution to the Turki
Yesterday at 4:38 pm by Rocky
» Problems still exist.. Government expects camps to close a month after the scheduled date
Yesterday at 4:37 pm by Rocky
» The dollar soars in Baghdad markets, exceeding the 149 barrier
Yesterday at 4:35 pm by Rocky
» Iraqi graduation research included in international databases
Yesterday at 4:34 pm by Rocky
» Compliance or arrest.. Baghdad Council issues final warning to private generator owners
Yesterday at 4:32 pm by Rocky
» With water scarcity, desertification is growing in Iraq!
Yesterday at 4:31 pm by Rocky
» With the increasing demand for it.. Petroleum Products opens 3 new outlets for LPG
Yesterday at 4:30 pm by Rocky
» Generator owners in Baghdad violate government decisions and raise prices!
Yesterday at 4:29 pm by Rocky
» Barzani and Mandalawi discuss the issue of electing the Speaker of Parliament
Yesterday at 4:27 pm by Rocky
» Despite the rise in the dollar, Saleh: The parallel market today is not important
Yesterday at 5:53 am by Rocky
» Securities Commission: The government has successfully completed the sale of financial bonds
Yesterday at 5:47 am by Rocky
» Ankara: We are working with Iraq to develop a plan to deal with the water file and eliminate all cha
Yesterday at 5:46 am by Rocky
» Minister of Communications: Cable contracts will improve internet service in Iraq
Yesterday at 5:44 am by Rocky
» Iraq reinforces its borders with Syria with 13 additional military regiments
Yesterday at 5:39 am by Rocky
» Kurdistan responds to a letter from the Federal Court about localizing its employees’ salaries
Yesterday at 5:37 am by Rocky
» Parliamentary Finance: The remaining months are not enough to disburse budget funds
Yesterday at 5:36 am by Rocky
» Investment Authority announces the processing of 249 stalled projects
Yesterday at 5:35 am by Rocky
» Today.. The Central Bank sells only about 15 million dollars domestically
Yesterday at 5:32 am by Rocky
» Rafidain Bank announces completion of 3288 loan transactions for projects and real estate during the
Wed Jul 03, 2024 7:07 pm by Rocky
» Israel fabricates justifications for attacks on Iraq
Wed Jul 03, 2024 7:05 pm by Rocky
» Tribal Conflicts: When Laws Are Silent and Guns Speak
Wed Jul 03, 2024 7:04 pm by Rocky
» Obelisk Hour: Will the Kurdistan Region Turn into “Southern Türkiye” Instead of “Northern Iraq”?
Wed Jul 03, 2024 7:03 pm by Rocky
» Al-Sudani to Barzani: We have made significant progress in building trust between the central and re
Wed Jul 03, 2024 7:02 pm by Rocky
» National Security at Stake: $670 Million Defense Contract with Corrupt Thales
Wed Jul 03, 2024 7:00 pm by Rocky
» Barzani discusses in Baghdad common files with the State Administration Alliance
Wed Jul 03, 2024 6:59 pm by Rocky
» Al-Halbousi's ambition to be the "Barzani of Anbar" clashes with the rejection of the people of his
Wed Jul 03, 2024 6:56 pm by Rocky
» More than $260 million in foreign transfers to the Central Bank of Iraq in today's auction
Wed Jul 03, 2024 6:54 pm by Rocky
» Al-Sudani's advisor explains: Has the government adopted a new approach to activate the private sect
Wed Jul 03, 2024 6:53 pm by Rocky
» Al-Sudani: We have overcome the inherited problems with the Kurdistan Region
Wed Jul 03, 2024 6:50 pm by Rocky
» Parliamentary Culture confirms its determination to legislate the Right to Access Information Law in
Wed Jul 03, 2024 6:48 pm by Rocky
» The President of the Supreme Judicial Council receives the President of the Bar Association to discu
Wed Jul 03, 2024 6:46 pm by Rocky
» Parliamentary confirmation to encourage Finnish companies to work in Iraq
Wed Jul 03, 2024 6:45 pm by Rocky
» Ministry of Planning: A government delegation is holding negotiations in Berlin with the German side
Wed Jul 03, 2024 6:43 pm by Rocky