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Iraq sets two time frames to invest gas and stop burning it completely
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Economy News - Baghdad
[rtl]Oil Minister Hayan Abdul Ghani confirmed today, Saturday, that the process of investing gas and stopping its burning completely in all fields will take place in two stages.[/rtl]
[rtl]Abdul-Ghani said: “A contract has been made to invest in all the gas that is currently being burned, but investing in gas by its nature requires relatively long periods.”[/rtl]
[rtl]He added, "The Ministry of Oil divided the investment process into two stages: the first is three years, and the second stage is five years in order to completely stop burning gas," indicating that "this gas will be utilized and directed toward electricity projects and other industrial projects such as petrochemicals, fertilizers, and other projects." ".[/rtl]
[rtl]Earlier this month, the Ministry of Oil launched the fifth supplementary licensing round and the sixth round, for oil and gas fields, in the presence and patronage of Prime Minister Muhammad Shiaa Al-Sudani.[/rtl]
[rtl]The two licensing rounds included 29 projects for oil and gas exploration fields and blocks, distributed among 12 Iraqi governorates.[/rtl]
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Added 05/25/2024 - 12:01 PM
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Economy News - Baghdad
[rtl]Oil Minister Hayan Abdul Ghani confirmed today, Saturday, that the process of investing gas and stopping its burning completely in all fields will take place in two stages.[/rtl]
[rtl]Abdul-Ghani said: “A contract has been made to invest in all the gas that is currently being burned, but investing in gas by its nature requires relatively long periods.”[/rtl]
[rtl]He added, "The Ministry of Oil divided the investment process into two stages: the first is three years, and the second stage is five years in order to completely stop burning gas," indicating that "this gas will be utilized and directed toward electricity projects and other industrial projects such as petrochemicals, fertilizers, and other projects." ".[/rtl]
[rtl]Earlier this month, the Ministry of Oil launched the fifth supplementary licensing round and the sixth round, for oil and gas fields, in the presence and patronage of Prime Minister Muhammad Shiaa Al-Sudani.[/rtl]
[rtl]The two licensing rounds included 29 projects for oil and gas exploration fields and blocks, distributed among 12 Iraqi governorates.[/rtl]
Views 30
Added 05/25/2024 - 12:01 PM
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