Iraq wastes $7.5 billion annually as a result of burning associated gas
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Iraq burns and wastes $6.9 million worth of natural gas per day, or about $7.5 billion a year, and while Iraq's natural gas reserves are estimated at 126 trillion cubic feet, the country still imports natural gas from Iran.
To reduce the waste of natural gas, the Ministry of Oil, in cooperation with the American company Baker Hughes, is working to produce natural gas from two fields in Dhi Qar Governorate. By implementing this project, Iraq will produce 200 million cubic feet of natural gas per day.
Oil Minister Ihsan Abdul-Jabbar said, in a press statement: "Our first goal is to dispense with oil as a fuel in electric power plants. In the year 2025, we will have nothing known as crude oil to be used in the production of electric power, and then we will reach the limit of reducing the natural gas we import to a minimum. levels".
Iraq, which is one of the importers of natural gas from Iran for use in the production of electric power, is under American pressure to invest in its gas and oil fields and not rely on Iran, but Iraq so far supplies half of its electricity needs from Iran, either directly or indirectly by importing Iranian natural gas to operate electricity production plants.
And the American ambassador to Iraq, Matthew Toler, says, "Baker Hughes is a well-known American company that has weight, and is now working with the Iraqi Ministry of Oil to use associated gas and increase electricity production for the people of Iraq, and to reduce the amount of harmful gases that cause climate change. What an American brought to Iraq It is not limited to security support, but extends to supporting Iraq in producing energy, achieving prosperity for the people of Iraq and attracting investments.