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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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    According to special calculations, Iraq will burn gas worth 1.3 billion dollars and buy Iranian gas

    Rocky
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    According to special calculations, Iraq will burn gas worth 1.3 billion dollars and buy Iranian gas  Empty According to special calculations, Iraq will burn gas worth 1.3 billion dollars and buy Iranian gas

    Post by Rocky Sat Aug 07, 2021 9:57 am


    [size=30]According to special calculations, Iraq will burn gas worth 1.3 billion dollars and buy Iranian gas at 1.6 billion dollars during 2021.


    2021-08-07
    [/size]
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    Yes Iraq: Baghdad

    The amount of gas burned out of about 2,700 cubic meters produced by Iraq from the gas associated with oil extraction operations amounted to 1,363 milligrams, which means that the amount of gas invested amounted to 1,337 milligrams.
    Thus, the gas burned amounted to more than the amount of gas invested by 51.4%, and the gas burned in southern Iraq amounted to 1290 mm, which means that 94.6% of the burned gas was in the south.
     
    According to the oil expert, Nabil Al-Marsoumi, the cost of burned gas per day amounts to 3.613 million dollars, and the cost of gas burned in June is 108.390 million dollars, and according to this rate, the cost of gas burned in 2021, according to the June rate, will reach 1.3 billion dollars.
     
    And if the cost of gas burned, amounting to 1,363 million standard cubic feet, amounted to 3.613 million dollars, then the cost of one million cubic feet is 2,650 dollars.
    According to the latest outcome, from the Ministry of Electricity, the Iranian side's pumping of gas to Iraq amounted to 47 million cubic meters (1,660 cubic meters).
    According to these calculations, Iraq buys from Iran this amount of gas (1,660 cubic meters), or 47 million cubic meters, per day, at a cost of $4.399 million per day.
    That is, Iraq pays about $132 million per month to Iran to buy gas, and about $1.6 billion annually.
    On this basis, Iraq loses doubly and compoundly due to the failure to resolve the gas flaring problem. On the one hand, it loses 1.3 billion dollars annually due to burning, and it pays 1.6 billion dollars to Iran annually to purchase gas according to the current quantity, bringing the total to 2.9 billion dollars annually.
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