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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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    Anbar desert gas... covers Iran's needs for 40 years and equals 8 years' budgets

    Rocky
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    Anbar desert gas... covers Iran's needs for 40 years and equals 8 years' budgets Empty Anbar desert gas... covers Iran's needs for 40 years and equals 8 years' budgets

    Post by Rocky Fri 05 Nov 2021, 8:18 am

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    Anbar desert gas... covers Iran's needs for 40 years and equals 8 years' budgets
    05 November 2021


    Natural gas prices may rise by 20% (Facebook)
    Ultra Iraq - Editorial Team
    The Ministry of Oil is seeking to include Saudi Aramco as a partner in contracts for exploration and investment of free gas in the new fields located in the Western Desert, west of Anbar Governorate, in a project that is considered one of the largest projects in Iraq if it is worked on, especially as it is the first move to invest free gas in the country, which It gains its importance from the quantities discovered there, which are estimated at 53 trillion standard cubic feet.
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    Anbar Governorate includes the untapped Akkas field, which is the largest gas field in Iraq 
    Oil Minister Ihsan Abdul-Jabbar said in a statement followed by “Ultra Iraq” that “Iraq is negotiating with Aramco to enter it as a partner in contracts for exploration and investment of free gas in the new fields in the Western Desert,” noting that “the results of those negotiations are being studied by experts from both countries for the agreement. Draft long contracts that satisfy the aspirations and interests of the two countries.” These contracts are estimated at tens of billions.
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    Anbar Governorate includes the untapped Cruz field, which is the largest gas field in Iraq and contains, according to estimates, more than 5 trillion cubic feet of natural gas, while the total quantities of gas in the Anbar desert are estimated at about 53 trillion cubic feet of free gas, which represents approximately 53 One million cubic feet (one million standard cubic feet), [You must be registered and logged in to see this link.] .
    In order to know the meaning and importance of this number of gas, it represents approximately 15,000 times what Iraq imports from Iran, which amount to 1,700 cubic meters of gas per day, meaning that it is sufficient to meet the need of Iranian gas for a period of 15,000 days, or more than 40 years.
    Regarding the value, Iraq imports gas from Iran at a price of $8 per million British thermal units, according to a statement by Oil Minister Ihsan Abdul-Jabbar, and one million thermal units equals 28 cubic meters of gas, and while Iraq imports about 50 million cubic meters of Iranian gas per day, With a value of 15 million dollars, and if we calculate it in terms of gas, the 50 million cubic meters is equivalent to about 1,700 cubic meters of gas, which means that Iraq imports about 9 thousand dollars per bottle.
    Recently, gas prices have risen globally and have caused a global crisis, especially in Europe, where the price of one cylinder has reached 12 thousand dollars, so 53 million cylinders (free gas reserves in the Anbar desert) are equivalent to 636 billion dollars, which covers Iraq's budget for about 8 years.
    Oil economist Sabah Al-Alo said in an interview with "Ultra Iraq", "The gas investment project in western Anbar, especially the Okaz area, which contains large quantities of gas, and the gas reserves installed in it are estimated at about 6 trillion standard cubic feet, and discovered in 1981, but it was not It is well invested for various reasons, including the Iran-Iraq war, which will open a wide field for other companies to invest other natural resources.”
    Al-Aw points out that "there is an urgent need today to invest in gas due to global and domestic demand for gas, and Iraq's large gas reserves may compete with gas-producing countries such as Russia, Iran, Saudi Arabia, Algeria, Australia and Qatar."
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    Al-Alou added, "Natural gas prices may witness a 20% increase in the last quarter of the current year 2021 compared to the same period last year, and the demand for gas may increase significantly depending on the severity of the upcoming winter in Europe."
    Regarding the difference between the associated gas that comes out with the production of oil, and the free gas in the Western Desert, Alou shows that “the first is found in the oil that is dissolved inside the reservoir, and the other, i.e. free gas, is found free between the pores of the rocks in the reservoir, and if there is oil with it, its percentage is usually small.” .
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