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Experts rule out that Iraq will soon stop wasting gas
Economical 04/11/2023
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: Shukran Al-Fatlawi
Economic and oil experts ruled out that Iraq would reach the stage of stopping the flaring of associated gas in the short term, in light of the large amounts of waste and the needs of power stations, and they suggested that imports would continue despite the high financial costs.
Iraq continues to burn gas associated with oil production in a number of regions, which causes huge economic losses to the government, in addition to the environmental repercussions of carbon emissions, and imports large quantities of it annually to meet its needs.
The National Coordinator of the Coalition for Transparency in Extractive Industries, Majid Abu Kilal, estimated during his interview with "Al-Sabah" that the volume of gas burned in Iraq is about more than 17 million cubic meters annually, as it is the second most country in the world that uses this practice, despite the material losses it entails. and environmental being a major source of pollution and greenhouse gas emissions.
He added that the country possesses large gas resources that have not been taken care of, stressing the need to invest them and oblige the licensing round companies to this item, especially the Basra fields, as well as to achieve reforms similar to a number of countries that ended this waste, which is estimated at millions of dollars.
For his part, economist Dr. Nabil Al-Marsoumi told Al-Sabah that Iraq will remain a net importer of gas for at least the next five years, and perhaps more if more gas power stations are built.
He pointed out that zeroing associated gas within two years represents a kind of mirage, because the current self-sufficiency rate of gas does not exceed 43 percent, and Iraq currently imports between 6-7 million tons annually of Iranian gas, as it will still need to import gas until 2027. At least, even if the gas projects in the south are completed and the French Total is signed.
Al-Marsoumi explained that the country imports about 57 percent of its gas needs at an annual cost of more than four billion dollars, indicating that the volume of gas currently produced is 3 million standard cubic feet per day. grumpy.
The Ministry of Oil recently announced the final signing of contracts for the fifth licensing round, related to border blocks and fields, in an effort to benefit from their development, investment in associated gas and natural gas, and an increase in oil production at a rate of (250) thousand barrels per day, as well as the production of (1000) barrels per day.
For his part, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, said: The losses of flaring and importing gas amount to about $12 billion annually, stressing that it is a heavy cost on the country's oil and financial resources.
He believed that the development of the energy sector needs to invest this gas associated with oil extraction, especially for the uses of power plants.
In 2017, Iraq joined a global initiative launched by the World Bank to stop gas flaring by 2030, as the Ministry of Oil pledged to reduce gas flaring in the southern fields by 90 percent by the end of 2024, but the past two years witnessed an increase of only 5 percent in the quantities of gas processed. accompanying, according to the ministry.
Edited by: Ali Mouafaq
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