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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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    Fuad Hussein: Iraq will be a gas producer within the next 3 to 4 years

    Rocky
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    Fuad Hussein: Iraq will be a gas producer within the next 3 to 4 years Empty Fuad Hussein: Iraq will be a gas producer within the next 3 to 4 years

    Post by Rocky Wed 12 Jul 2023, 8:44 am

    Fuad Hussein: Iraq will be a gas producer within the next 3 to 4 years

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    Economy News _ Baghdad
    Foreign Minister Fuad Hussein said that Iraq has been burning gas for more than 70 years in oil fields and wasting it. In this government, we signed a contract with Total to isolate associated gas from oil. Besides, there are large gas fields in Iraq which will become in another 3 to 4 years a gas producing country.  
    Hussein indicated, in a televised interview, followed by "Al-Iqtisad News", that the contract concluded with Total Energy, worth $ 27 billion, to produce gas from the gas fields in Iraq, in order to transform it from an importing country to a gas-producing country.  
    He continued, "Iraq relies on importing gas from Iran to produce 43% of its electricity. The regions of Khanaqin and Diyala depend entirely on Iranian gas to produce electricity, and 3 other important Iraqi electricity production stations depend on Iranian gas, which means that 43% of Iraqi electricity is imported." From Iran, and if it stops exporting gas, processing hours in Iraq will decrease by about 8-9 hours.  
    Fouad Hussein went on to say: "When we decided to rely on our gas and invest in this sector, Total Energy applied for work, and negotiations began during the reign of Mustafa Al-Kazemi's government, but problems were marred. Now those problems have been resolved, and the company will start working in the field of gas production, Whether associated or from gas fields.  
    Regarding the oil and gas law, Hussein said, "In the agreement that we signed with the Iraqi political forces to form the government, we included laws that have priority, one of which is the general budget law, the second is the oil and gas law, then the Federation Council and other laws. We have finished the budget law, and we must focus on the oil law." And gas now, and negotiations will begin to formulate this law.”  
      


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