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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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Political circles hold oil responsible for burning gas and not investing it

rocky
rocky
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Posts : 202367
Join date : 2012-12-21

Political circles hold oil responsible for burning gas and not investing it Empty Political circles hold oil responsible for burning gas and not investing it

Post by rocky Tue 24 Aug 2021, 7:17 am

[size=52]Political circles hold oil responsible for burning gas and not investing it[/size]

[size=45]The gas associated with the extraction of oil is one of the important national wealth, but there are large amounts of waste due to burning it without investment, and experts and deputies believe that the burning of associated gas causes environmental and material damage, blaming the Ministry of Oil for negligence.[/size]
[size=45]Zahra Al-Bajari, a member of the Parliamentary Oil and Energy Committee, said in an interview with Al-Mada that "accompanied gas is a national wealth, and burning operations lead to the waste of huge funds that can be used in several projects that serve the country economically."[/size]
[size=45]In the latest report issued by the World Bank published last July, Iraq ranked second globally for the fourth year in a row among the highest countries burning natural gas, as Iraq came after Russia, followed by the United States and then Iran, and World Bank data indicate that Iraq burned in 2016 what A total of 17.73 billion cubic meters of gas, then this rose in 2019 to 17.91 billion cubic meters burned in the atmosphere.[/size]
[size=45]Al-Bajari added, “50% of the gas associated with the extraction of oil is burned without care,” blaming “the Ministry of Oil primarily responsible for the waste and delay.”[/size]
[size=45]A member of the Parliamentary Energy Committee points out, "The investment of associated gas will save, in addition to money, the generation of electric power plants and a clean environment."[/size]
[size=45]Al-Bajari indicated, "After our repeated demands to invest associated gas, the Ministry of Oil has put gas flaring operations on its agenda, but it has not started concrete work yet."[/size]
[size=45]And Oil Minister Ihsan Abdul-Jabbar announced last May that he would invest $3 billion in gas production in Basra, in the south of the country, over the next five years. This came during a press conference held by the minister, during which he announced the approval of the investment plan for the Basra Gas Company.[/size]
[size=45]Abdul-Jabbar said that the approved investment plan aims to add 1.4 billion cubic feet of associated gas per day, noting that it will provide about two thousand job positions during the period of its implementation.[/size]
[size=45]In turn, the economic specialist, Basem Jamil Antoine, said in an interview with (Al-Mada), that “there are two types of associated gas, the first that is invested with oil extraction operations without controlling it, and is estimated at 27 billion cubic meters annually, and the second type is extracted for cooking and other operations, and this type It can only be used to generate electric power by filtering it to operate stations.”[/size]
[size=45]According to previous estimates, Iraq has a stockpile of 132 trillion cubic feet of gas, 700 billion cubic feet of which were burned, as a result of the poor ability to exploit it.[/size]
[size=45]Antoine expects, “gas prices to rise in the coming winter season, due to the lack of intensive gas transportation systems and the lack of production capacities for export.”[/size]
[size=45]The economic expert believes that “burning the associated gas has many negatives, including polluting the environment and causing high temperatures and diseases.”[/size]
[size=45]And Antoine explains, "The investment of associated gas needs a real will and an actual orientation away from corruption."[/size]
[size=45]It is noteworthy that the Chinese company Cinoc is developing the “Abu Gharb” field in Maysan Governorate to produce gas associated with the extraction of oil, and Iraq is forced to burn large quantities of gas associated with the extraction of oil, due to the weak investment potential.[/size]
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