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Using carbon credits.. Oil announces gas investment in the East Baghdad field
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Baghdad today - Baghdad
Today, Wednesday (March 20, 2024), the Ministry of Oil announced the investment of Shula gas in the East Baghdad field through financing using carbon credit and investing in the burned gas.
The Director General of the Oil Pipeline Company, Ali Abdul Karim Al-Musawi, said in a statement received by “Baghdad Today”, that “the technical and engineering teams in the company were able to complete the maintenance and rehabilitation work of the 13 km pipeline, as a contribution to the implementation and success of the plans of the government and the Ministry of Oil in investing in natural gas.” Al-Shuala in the East Baghdad field through financing using carbon credit, investing in burned gas, which is an experiment that is being approved for the first time in Iraq in accordance with international specifications, agreements, and frameworks.
He pointed out "the release of dry gas to be produced from the East Baghdad field during the coming period, in addition to enhancing the production of electrical energy by delivering the gas to the Taji power station."
He stated, “Maintenance and rehabilitation work was carried out with exceptional efforts that did not exceed a month, which included rehabilitating the pipe and maintaining the attached parts.”
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