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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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    International report: Iraq is making progress in gas production to reduce imports from Iran

    Rocky
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    International report: Iraq is making progress in gas production to reduce imports from Iran Empty International report: Iraq is making progress in gas production to reduce imports from Iran

    Post by Rocky Sun 16 Oct 2022, 5:24 am

    International report: Iraq is making progress in gas production to reduce imports from Iran

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    Economy News-Baghdad
    An international report stated that Iraq is now making progress in some major projects to collect associated gas in the Al-Gharraf and Nasiriyah oil fields, pointing to efforts to re-use American companies specialized in this field, pointing out that Baghdad used to annually import 40% of its gas needs from Iran to operate generating stations. electricity.
    The international oil expert, Simon Watkins, said in a report published on the (Oil Price) website, the economist translated by (Al-Mada), that "last week, the Dhi Qar Oil Company signed a contract with the American giant (Baker Hughes) oil services company to increase the rate of associated gas production. In the Al-Gharraf and Nasiriyah oil fields in Dhi Qar Governorate.
    The report added, "The new project, according to the director of the Dhi Qar Oil Company, Anwar Hadi Shiaa, aims to increase the rate of gas production at the two sites during the first phase of development work from 20 million standard cubic feet to 200 million standard cubic feet."
    He pointed out that "Baghdad's signature on the initiative of the United Nations and the World Bank to get rid of gas flaring and gas emissions during oil production operations and finally by 2030 requires it to take the initiative to take serious steps to eliminate this problem by developing projects to collect and treat associated gas in its oil fields."
    The report pointed out that "the quantities of gas burned in Iraq's fields come second in the world after the quantities of gas burned in Russia, where approximately 17.37 billion cubic meters are burned annually, and this constitutes losses of billions of dollars annually."
    He noted, “Experts say that even if the manufactured gas is not exported, these quantities that have not been burned may go towards filling Iraq’s need of gas required to operate power stations and to avoid frequent interruptions throughout the country caused by the lack of gas or the inability to import it from Iran For financial reasons or reasons related to the sanctions imposed on Iran, where Iraq obtains from time to time an exception from the United States to import gas from it to operate its electric stations.
    The report stressed that "the reality of the possibility of being able to collect and manufacture gas in Iraq, including associated gas in the Al-Gharraf and Nasiriyah fields, remains a high and significant possibility."
    He continues, "There are many companies that want to implement these projects for Iraq, including (Baker Hughes).
    The report continued, "The beginning was in the year 2018, and then in the year 2020, the signing of an agreement with this company, and it seems that the last deal with it does not have a major change."
    And he added, "The first phase of the project plan in the Nasiriyah field, which will be similar to what will be done in the Al-Gharraf field, is likely to include bringing advanced gas processing devices to the unified natural gas complex in Nasiriyah and collecting associated gas to generate more than 100 million meters. cubic feet of gas per day.
    The report pointed out that "the second phase will witness the expansion of the Nasiriyah gas station to become a complete liquid natural gas facility to manufacture 200 million cubic meters of dry, liquid and condensed gas."
    He stressed, "This production will go to the local electric power generation sector," explaining that "Baker Hughes had previously stated in 2018 and 2020 that addressing the issue of burning gas from these two fields would allow the provision of 400 megawatts of energy to the Iraqi power line network." .
    The report stated, "If the project is awarded to Baker Hughes, it will take 30 months to complete."
    He spoke about the possibility of implementing similar development projects in other sites to collect associated gas, including the Halfaya field, which may produce 300 million cubic feet of gas per day, and the Ratawi field, which may produce 400 million cubic feet of gas per day as a first stage.
    On the other hand, the report noted, "The Basra Gas Company project, which was taken over by Shell, reached in 2019-2020 its maximum production level of 1035 million cubic feet per day."
    He added, "This is the highest gas production in the history of Iraq, sufficient to generate approximately 3.5 kilowatts of electrical power."
    The report concluded, "This electrical energy is sufficient to supply three million homes with electricity, and the Basra Gas Company is currently responsible for 70% of the production of liquid gas in Iraq."
    Watkins had indicated in a previous report published on the same site, that "the decision of the Federal Supreme Court to cancel the Iraqi government's decision to establish the National Oil Company has restored the field again for international oil companies to invest in Iraq."
    The report added, "Watkins confirmed that a new investment by international oil companies in the Iraqi oil sector would move the country a step closer; It aims to increase production in the long term.
    He pointed out, "Watkins mentioned that among the international oil companies that may reinvest in Iraq is the French company (Total), which signed a contract with the Iraqi Oil Ministry last February worth 27 billion dollars; To implement four projects in the oil and gas sector.
    And the report indicated, "After this step, Iraq may eventually be able to make leaps in the field of developing production in the oil and gas sector through the use of investments by international oil companies."
    About: (Oil Price) news site

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    Added 10/16/2022 - 8:55 AM
    Update 10/16/2022 - 1:12 PM


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