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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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    The government is seeking to attract investments to develop the gas sector in the country

    Rocky
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    The government is seeking to attract investments to develop the gas sector in the country Empty The government is seeking to attract investments to develop the gas sector in the country

    Post by Rocky Sun 26 Nov 2023, 4:58 am

    The government is seeking to attract investments to develop the gas sector in the country

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    Gas fields



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    Economy News - Baghdad
    As part of its approach, the government seeks to attract investments to develop the gas sector in the country, while the Halfaya Gas Company intends to develop the Bin Omar gas field, which will contribute to reducing carbon emissions by more than 8 million tons annually.
    The head of the Raban Al-Safina Group, Saadi Sayhoud, said, “The government has presented the gas file among the priorities of its program, as it actively seeks to attract investments to develop the gas sector in the country, which confirms its commitment to benefiting from the gas sector in enhancing energy security and economic growth, and reducing burning.” associated gas and reducing carbon emissions.”
    He added, "In light of this strategic vision, the Council of Ministers approved a historic step in this field by approving the signing of the South Gas Company, affiliated with the Ministry of Oil, with the Halfaya Gas Company, which is part of the Raban Al Safina Group and a leading Iraqi developer in the energy, oil and gas sector, on a contract to implement a development project." Bin Omar gas field according to the principle of build, own, operate and transfer ownership, or what is known as BOOT, for a period of 15 years after the date of commercial operation.
    Sayhud stated, “This strategic field in Basra Governorate will contribute to enhancing and meeting energy needs and environmental sustainability, by processing more than 300 million standard cubic feet of dry gas per day, and reducing carbon emissions by more than 8 million tons annually. It is distinguished by its comprehensiveness, as it includes Building and operating facilities for collecting and compressing the associated gas produced in the Bin Omar field, central gas processing facilities, connecting pipelines, and marine export facilities that will be used to export petroleum products to global markets, such as liquefied petroleum gas and oil condensates, which will contribute to enhancing the revenues of the Ministry of Oil.
     He explained, "The project represents a role model for successful partnerships between the public and private sectors in Iraq and represents an important step in the company's strategy aimed at actively contributing to the development of the oil and gas sector."
    Sayhoud stressed, “The company’s full commitment to providing the highest standards of quality and efficiency, and this commitment includes creating strategic partnerships with leading American and European companies in the engineering and technology sectors, in addition to the commitment of the Halfaya Gas Company to contribute to societal qualitative development by creating thousands of new jobs in the labor market and transferring skills and expertise.” Specialization from international companies to local cadres.


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