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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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    An Iraqi-American partnership to benefit from oil field gas

    Rocky
    Rocky
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    An Iraqi-American partnership to benefit from oil field gas Empty An Iraqi-American partnership to benefit from oil field gas

    Post by Rocky Fri Apr 19, 2024 4:46 pm

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    [size=52]An Iraqi-American partnership to benefit from oil field gas[/size]

    [size=45]Iraqi and American companies signed a series of agreements to capture natural gas that is usually burned in Iraqi oil fields and exploit it in producing electricity locally, thus reducing dependence on neighboring Iran in the field of energy.[/size]
    [size=45]Strengthening Iraq's energy independence and reducing its dependence on Iran is a major goal of US foreign policy. Iraq is one of the largest oil and gas producers in the world, but its fields have suffered for years from a lack of investment.[/size]
    [size=45]Since 2018, Washington has been forced to issue exemptions to Iraq from the sanctions imposed on Iran, allowing Baghdad to purchase electricity from Tehran.[/size]
    [size=45]The agreements, which were signed in Washington in the presence of Iraqi Prime Minister, Muhammad Shia al-Sudani, and American officials, aim to encourage investment in processing 300 million cubic feet per day of natural gas in the Bin Omar oil field.[/size]
    [size=45]The Halfaya Gas Company, affiliated with the Iraqi Raban Al Safina Group, signed an agreement with the Iraqi South Gas Company to invest in gas processing.[/size]
    [size=45]Among the American companies that signed memorandums of understanding with Iraqi entities regarding the projects are KBR, Baker Hughes, and General Electric. The companies did not disclose the expected monetary value of the agreements.[/size]
    [size=45]Capturing gas and burning it for use in producing electricity could also help combat climate change, as burning it wastes fuel and does not contribute to reducing demand for gas supplies from Iran.[/size]
    [size=45]The agreements also relate to the extension of 400 km of gas pipelines, an offshore export facility, a gas processing plant, and other facilities.[/size]
    [size=45]A joint statement issued by the United States and Iraq during Sudanese’s visit to Washington this week said that Iraq “possesses the ability to benefit from its vast natural gas resources, invest in new energy infrastructure and renewable energy sources, and achieve energy self-sufficiency by 2030.”[/size]
    [size=45]Jeffrey Pyatt, Assistant Secretary of State for the Office of Energy Resources at the US State Department, said that the projects will be developed over the next two years. “Because they have not invested enough over many years in the oil and gas sector, there is only so much they can do today,” Bayat told Reuters.[/size]
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