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Gas investment.. Saudi Arabia as a model
Economical 2023/07/25
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Walid Khaled al-Zaidi
Gas is characterized in particular by being environmentally friendly due to the low percentage of greenhouse gas emissions when it is burned or used compared to what is characterized by the rest of the wealth such as oil, coal, etc., but it is similar in its use as fuel to operate machines, engines and production lines that depend on fossil fuels extracted from the ground in both its natural and free types associated with oil extraction processes that can be converted into productive and useful wealth and energy that can cover other needs.
Although the free gas that comes out automatically from the interior of the earth is surprising, but it is a natural state through which it penetrates to the top through the pores and cracks of the earth’s crust and penetrates into space, so we see the flames of flames that have been constantly burning for a long time. And ethane and other materials, and this appears clearly in several regions in Iraq, such as Anbar, Diyala, and near the oil fields in Kirkuk, Basra, and Maysan. Most of this energy is wasted to this day in our country and the countries of the Middle East rich in oil, with the exception of Saudi Arabia, which is the only country in the region that has invested that wealth, and it is one of the least countries in the world that burns associated gas.
The Kingdom has developed a system for collecting, extracting, transporting and using associated gas for fifty years, while there are many countries that burn it, including developed countries such as the United States of America, although it is the first country to produce it with Russia. E widely as a wealth that can be exported or as a local fuel for the production of energy and high-speed engines or hydrocarbon industries, but this will not happen until after three years.
The Saudi experience is currently within reach after the visit of the Assistant Minister of Energy for Oil and Gas Affairs in the Kingdom to Baghdad a few days ago with a delegation of advisors and Aramco to discuss cooperation, partnership and investment between Iraq and the brothers in the Kingdom to develop this field and comes as a continuation of the results of mutual visits between the two countries. It is possible to accelerate the conversion of joint projects into actual practical implementation by Saudi companies to invest and participate in the development of oil and gas fields, refining and infrastructure, and in light of the real desire between the two countries to achieve this effectively soon.
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