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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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    The former head of "SOMO": Iraq will continue to import gas, and we need a specialized ministry to p

    Rocky
    Rocky
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    The former head of "SOMO": Iraq will continue to import gas, and we need a specialized ministry to p Empty The former head of "SOMO": Iraq will continue to import gas, and we need a specialized ministry to p

    Post by Rocky Wed 21 Sep 2022, 6:46 am

    The former head of "SOMO": Iraq will continue to import gas, and we need a specialized ministry to produce renewable energy

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    Economy News-Baghdad
    The oil expert, the former head of the Oil Marketing Company (SOMO), and the oil expert, Falah Al-Amiri, suggested that Iraq will continue to import gas and oil products for the coming years, indicating that renewable energy needs a specialized ministry in this field .
    Al-Amiri told Al-Iqtisad News that "Iraq has three types of oils, namely Basra, heavy and light, and Kirkuk oil, and these oils are exported to three Asian and European markets and the American market," noting that "about 75 of Iraqi oil is exported to the Asian market due to the difference in prices and growth. The Rising Economy of India and China ".
    He added, "Iraq would have been able to produce 8 million barrels per day now, had it not been for the Iraqi-Iranian war," noting that "Iraq's oil reserves are concentrated in central Iraq, and very few of them are located in the border areas, and the quantities of crude in it range from one billion to one and a half billion barrels ."
    He added, "Agreeing to sell Iraqi oil to companies is the exclusive authority of the Minister of Oil, not SOMO," noting that "all the money from the sale of oil goes to the US Reserve Bank since 1996, and the government demanded after 2003 that this mechanism remain to preserve funds from the risks of lawsuits." .
    He explained that "the Kirkuk-Ceyhan export line accommodates more than one million barrels per day, while it is planned to accommodate one million and 600 thousand barrels per day, and it is suspended from 2014 until now, due to the security situation," noting that "Iraq now exports Kirkuk oil through Kurdish pipelines. And then to Cihan ."
    He pointed out that "Iraq's imports of oil products will continue for the next few years, even with the construction of new refineries, as a result of the continuous increase in the population and thus a continuous increase in the demand for energy ."
    With regard to the investment of gas for the production of electricity, Al-Amiri explained that "most of the Iraqi gas is associated with the extraction of oil and was burned by 100% before 2003 and now the percentage has decreased to 57%, but this percentage is not useful in the production of electric power in Iraq ."
    Regarding renewable energy, the oil expert said that "renewable energy in Iraq needs a specialized ministry to solve problems in the provinces and provide infrastructure and technology, but this industry is promising in Iraq because there are large desert areas similar to Egypt and Morocco."



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    Added 09/21/2022 - 12:01 PM
    Update 09/21/2022 - 2:44 PM


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