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Signing a contract for gas investment and processing in the “Nahr Bin Omar” field
Economical 01/08/2024
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Baghdad: Al-Sabah,
Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayyan Abdul-Ghani, yesterday, Sunday, stressed the importance of a contract for investment, development and processing of gas from the Nahr Bin Omar field with a capacity of (150) cubic feet (one million standard cubic feet per day), with the possibility of adding another (150) cubic feet. For the second stage, according to the requirements and availability of the required quantities.
This came during his sponsorship of the signing ceremony between the South Gas Company and Halfaya Gas Company Limited.
Abdul Ghani said in his speech during the contract signing ceremony that this project contributes to supporting the national economy by increasing the production, investment, and processing of gas associated with oil operations, and reducing foreign imports, in addition to establishing a port for exporting liquid gas and condensates in the port of Umm Qasr, in addition to stopping emissions. harmful, and environmental protection.
The Minister pointed out the importance of this contract, which provides (5,000) job opportunities and prevents more than (8) tons of pollutants from being released into the atmosphere.
For his part, the head of the National Investment Authority, Haider Muhammad Makiya, said that this investment project represents an important tributary and support for the national economy, expressing his hope that these projects will increase, which are in the interest of Iraq.
In turn, the Undersecretary for Gas Affairs, Izzat Saber, said during the ceremony that this contract is in the “Boot” format, meaning build, own, operate, transfer, ownership, and the duration of completion of the first phase is (36) months.
The agent pointed out that this project comes within a series of contracts concluded by the ministry, through which it aims to invest all the accompanying quantities of gas from the oil fields, to support the energy sector,
and to enhance national production.
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