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[size=36]Oil announces gas investment in the East Baghdad field[/size]
Economy | 02:58 - 03/20/2024
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Mawazine News - Baghdad
Today, Wednesday, 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-Moussawi, said in a statement received by Mawazine News: “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 to invest in the Shula gas.” In the East Baghdad field, through financing using carbon credit, the investment of burned gas is an experiment that is being adopted 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.”
The Director General of the Oil Pipeline Company, Ali Abdul Karim Al-Moussawi, said in a statement received by Mawazine News: “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 to invest in the Shula gas.” In the East Baghdad field, through financing using carbon credit, the investment of burned gas is an experiment that is being adopted 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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