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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    When will Iraq fully invest associated gas?

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 280171
    Join date : 2012-12-21
    • Post n°1

    When will Iraq fully invest associated gas? Empty When will Iraq fully invest associated gas?

    Post by Rocky Tue 25 Oct 2022, 5:22 am

    When will Iraq fully invest associated gas?

    [You must be registered and logged in to see this image.]



    [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]


    Economy News - Baghdad
    On Monday, the Ministry of Environment proposed solutions to stop burning associated gas and invest it in energy production and support the economy.
    Issa Al-Fayyad, director of the technical department of the ministry, told the official news agency, "The process of burning gas associated with crude oil extractive operations is one of the negative phenomena accompanying the oil industry, which causes economic losses on the one hand and pollutes the surrounding environment on the other."
    He pointed out that "the environmental and health impacts are represented by the spread of respiratory diseases and cancer and the emergence and settlement of new diseases that did not exist previously, as well as the collapse or extinction of ecosystems for biodiversity, causing an imbalance in the environmental balance, whose damages may reach catastrophic results that cannot be adapted or confront it."
    He added, "The release of emissions to the atmosphere, which include carbon oxides, sulfur oxides, nitrogen oxides, hydrogen sulfide and methane gas, is due to incomplete combustion as a result of the lack of appropriate conditions for burning."
    He continued, "The main reason for producing companies to burn associated gas is the lack of units for gas processing," noting that "in the event that processing units are available, gas will be used to operate gas electric power plants to compensate for the lack of energy in Iraq, which will lead to providing a ceiling A broad investment of returns that include diversifying the sources of the national economy and the great benefits that this entails.
    He noted, "The burning operations are directly proportional to the production capacity for extracting crude oil, and the Rumaila, West Qurna and Zubair fields represent the first ranks in the quantities of burned gas."
    He stressed that "possible solutions to stop the phenomenon of burning are through the establishment of assembly, compression and processing units near oil fields, in addition to dry and wet gas investment units and sulfur treatment units."
    Al-Fayyadh pointed out that "the supervisory teams of the Ministry of Environment are continuing the work of environmental monitoring for the various stages of the oil industry, and legal measures are being taken against the violating activities and events in accordance with the Environmental Protection and Improvement Law No. 27 of 2009."
    He explained, "The ministry is working in coordination with the Ministry of Oil to follow up on the implementation of gas investment projects and the establishment of treatment units, which represent a successful alternative to burning operations at the environmental and economic levels," noting that "the Ministry of Oil has begun implementing plans for natural gas investment gradually, and the implementation of special projects will be completed. During the period 2024 to 2027, leading to a full investment of the gas produced in 2030.
    He pointed out, "Iraq worked in coordination with the Norwegian side to prepare extensive studies on the quantities of associated gas that are burned in oil fields, and it was found that Iraq is the second country in the world after Russia that burns quantities of gas associated with oil extractive operations."
    He added, "There is a double investment in selling carbon, which is a new global market that includes the purchase of carbon reduction units resulting from reducing emissions of greenhouse gases and stopping burning operations through the issuance of certificates or coupons for trading in the global market. The prices of a ton of carbon dioxide CO2 range between 50-50 $100 per ton.
     

    524 . views
    Added 10/24/2022 - 7:24 PM
    Update 10/25/2022 - 12:55 PM
    [You must be registered and logged in to see this link.]


    • Back to top
      Current date/time is Sun 03 Nov 2024, 3:30 pm