Signing contracts with international gas production companies after approving the budget
second and third 2023/03/08
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Baghdad: Rula Wathiq
The Oil, Gas and Natural Resources Committee announced that the current year's budget will witness the conclusion of contracts with major international companies to work on gas production.
Meanwhile, the Ministry of Oil indicated that the sixth licensing round will focus on exploratory sites and blocks that contain gaseous hydrocarbon structures.
Committee member Alaa Al-Haidari told Al-Sabah: The Ministry of Oil's approach to the next stage is to invest gas wealth in the field of energy production, especially electricity.
He explained that the associated gas burning operations must end as soon as possible, especially since most international companies are ready to enter Iraq and invest in gas fields, in addition to the Ministry of Electricity's tendency to benefit from the gas produced to operate the stations that were contracted with (Siemens) and the rest of the other companies.
He added that the gas filling company is working to encourage most citizens to replace the gasoline system used in cars with gas because it is less expensive and less polluting, and is working with smooth procedures to grant the required approvals in this aspect.
Al-Haidari criticized the "Shell" company, which was not at the required level after it concluded a contract with Basra Gas to completely end its burning and bring its production to 2,000 cubic meters, but the production has so far reached 900 cubic meters and the gas is still burning at 50 percent, stressing that the committee will follow up on this issue. .
For his part, Oil Ministry spokesman Assem Jihad told Al-Sabah that the sixth licensing round will include a number of exploratory sites and patches that contain hydrocarbon compositions, either gas or oil.
He drew attention to the focus on the gas fields, which extend to many regions, including the western region, and other sites and patches.
Edited by: Ali Mouafaq
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