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Iran competes with Iraq to rank as the “worst” country in the world for burning gas
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Economy News - follow up
Iran replaced Iraq as the second worst country in the world in terms of gas flaring after Russia during the past year 2023.
Iran and Russia showed increases throughout the year, while Iraq was slightly lower, according to the World Bank's 2023 global gas flaring tracker, viewed by Shafaq News Agency.
After declining in 2022, global gas flaring rose 7% in 2023 to 148 billion cubic metres, the highest level since 2019, according to the World Bank report.
Among other top gas-flaring countries in the Middle East and North Africa, Libya, Saudi Arabia and Qatar flared more gas in 2023 than in 2022, while Algeria, Egypt and Oman flared less.
The report showed that this is the fourth consecutive decline in gas flaring in Oman, and there was no significant change in the UAE and Syria during the year.
The report added that the nine largest gas-burning countries in the world, including Algeria and Libya, represent 75% of total gas flaring and 46% of oil production.
Iraq increased its oil production, but gas flaring decreased by 1% last year. The country emphasized reducing gas flaring during the past few months, and signed multiple agreements with American companies to reduce gas flaring.
Seven deals signed with US companies in April deal with associated gas and gas flaring, a major problem in Iraq that leads to the loss of power generation and leaves the country dependent on electricity imports from Iran.
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Added 06/26/2024 - 12:57 PM
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Economy News - follow up
Iran replaced Iraq as the second worst country in the world in terms of gas flaring after Russia during the past year 2023.
Iran and Russia showed increases throughout the year, while Iraq was slightly lower, according to the World Bank's 2023 global gas flaring tracker, viewed by Shafaq News Agency.
After declining in 2022, global gas flaring rose 7% in 2023 to 148 billion cubic metres, the highest level since 2019, according to the World Bank report.
Among other top gas-flaring countries in the Middle East and North Africa, Libya, Saudi Arabia and Qatar flared more gas in 2023 than in 2022, while Algeria, Egypt and Oman flared less.
The report showed that this is the fourth consecutive decline in gas flaring in Oman, and there was no significant change in the UAE and Syria during the year.
The report added that the nine largest gas-burning countries in the world, including Algeria and Libya, represent 75% of total gas flaring and 46% of oil production.
Iraq increased its oil production, but gas flaring decreased by 1% last year. The country emphasized reducing gas flaring during the past few months, and signed multiple agreements with American companies to reduce gas flaring.
Seven deals signed with US companies in April deal with associated gas and gas flaring, a major problem in Iraq that leads to the loss of power generation and leaves the country dependent on electricity imports from Iran.
Views 12
Added 06/26/2024 - 12:57 PM
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