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2021-11-24 07:08
Iraq sets the end of 2027 to stop burning its gas
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2021-11-24 07:08
Shafaq News/ The Ministry of Oil expected to end gas flaring in Iraq's oil fields by 2027, as the second largest producer in the Organization of Petroleum Exporting Countries (OPEC) seeks assistance from international oil companies to help control the flaring of associated gas.
"I am optimistic that gas flaring will end in 2026-2027," said Ali Hammoud, Director General of the Technical Directorate at the Ministry of Oil, on the sidelines of the IBBC conference in Dubai for Standard & Poor's Global Platts, noting that "Iraq is currently burning about 45 percent of its gas production of 2.8 billion feet. cube per day.
"These projects currently under development should help reduce the associated gas that is being flared," he added.
Iraq was the second worst country in the world in terms of gas flaring after Russia in 2020, burning about 17.37 billion cubic meters of gas last year, according to the World Bank.
Hammoud pointed out that "the Ministry of Oil is also conducting negotiations with international oil companies to develop non-associated gas from two fields, Akkas and Mansourieh."
Iraq needs to increase gas production because it is under increasing pressure from Washington to rely on itself to supply its electric stations with fuel instead of relying on Iran, which has been under US sanctions since 2018.
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"I am optimistic that gas flaring will end in 2026-2027," said Ali Hammoud, Director General of the Technical Directorate at the Ministry of Oil, on the sidelines of the IBBC conference in Dubai for Standard & Poor's Global Platts, noting that "Iraq is currently burning about 45 percent of its gas production of 2.8 billion feet. cube per day.
"These projects currently under development should help reduce the associated gas that is being flared," he added.
Iraq was the second worst country in the world in terms of gas flaring after Russia in 2020, burning about 17.37 billion cubic meters of gas last year, according to the World Bank.
Hammoud pointed out that "the Ministry of Oil is also conducting negotiations with international oil companies to develop non-associated gas from two fields, Akkas and Mansourieh."
Iraq needs to increase gas production because it is under increasing pressure from Washington to rely on itself to supply its electric stations with fuel instead of relying on Iran, which has been under US sanctions since 2018.
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