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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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    Oil company: Nahr Bin Omar gas field will provide electricity to more than 4 million Iraqis

    Rocky
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    Oil company: Nahr Bin Omar gas field will provide electricity to more than 4 million Iraqis Empty Oil company: Nahr Bin Omar gas field will provide electricity to more than 4 million Iraqis

    Post by Rocky Wed 29 Nov 2023, 7:31 am

    Oil company: Nahr Bin Omar gas field will provide electricity to more than 4 million Iraqis



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    2023-11-29 06:41
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    Shafaq News/ The company developing the Nahr Bin Omar gas field in southern Iraq confirmed on Wednesday that the production capacity of the field will reach 300 cubic feet per day and will reduce the country’s import of gas by more than 25%, while indicating that the project will provide continuous electrical energy for more than Four million Iraqi citizens.
    The Director of Business Development at the Raban Al-Safina Group for Energy Projects, Ahmed Al-Mohsen, said in a statement to Bloomberg, “The production capacity of the Nahr Bin Omar field in Basra will reach 300 million cubic feet of natural gas per day, which will enable Iraq to reduce the quantities of natural gas.” Imported gas will be about 25%, and it will contribute about 10% of fuel production in the country.”
    He explained that "an integrated project is underway in the field that includes collecting, compressing, processing gas, and extracting liquefied gas, in addition to constructing a pipeline to transport natural gas to power stations in Iraq, and building a marine platform in the port of Umm Al-Qasr to export liquefied gas," indicating that "the total cost of the project increases About $3 billion.
    Al-Mohsen stated that "the gas produced from the project will generate sufficient electrical energy for about 800,000 housing units and more than four million Iraqi citizens."
    Last Friday, the Iraqi Council of Ministers approved the implementation of the Nahr Bin Omar field gas development project according to the “Build, Own, Operate and Transfer” (BOOT) principle for a period of 15 years after the date of commercial operation, following the approval of the signature of the South Gas Company, affiliated with the Ministry of Foreign Affairs. Iraqi Oil, an agreement with the Halfaya Gas Company, which is part of the “Rabban Al Safina” group, the Iraqi developer in the energy, oil and gas sector.
    Integrated project
    The “Nahr Bin Omar” field project is an integrated project that includes collecting, compressing, processing gas, and extracting liquefied petroleum gas, according to Al-Mohsen, who pointed out that the project includes constructing a pipeline to transport natural gas to power stations in Iraq, in addition to building a marine platform in the port of Umm Al-Qasr for export. Liquefied gas to global markets.
    Bin Omar field is a giant oil and gas field located in Basra Governorate, near the Shatt al-Arab. The field’s oil reserves amount to one billion barrels, and about 780 billion cubic meters of gas.
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