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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 expert calls on the government to end the waste of billions of dollars on importing gas

    Rocky
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    An expert calls on the government to end the waste of billions of dollars on importing gas Empty An expert calls on the government to end the waste of billions of dollars on importing gas

    Post by Rocky Thu 18 Jul 2024, 6:55 am

    [rtl]An expert calls on the government to end the waste of billions of dollars on importing gas[/rtl]

    Economy  ,  07/18/2024 11:59  Number of readings: 129 
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    [rtl]Baghdad - Iraq Today:

    The expert in energy economics, Kofd Sherwani, called on the government to accelerate the implementation of gas isolation projects associated with oil extraction operations, while he stated that importing natural gas from countries costs Iraq billions of dollars.[/rtl]
    [rtl]Sherwani said, “Iraq possesses huge natural gas reserves amounting to 132 trillion standard cubic feet.” Pointing out, "Projects for isolating associated gas in the southern fields must be expedited, so that they can be used in operating electrical power plants."[/rtl]
    [rtl]Sherwani added in a press interview, “These projects were supposed to be accelerated more than ten years ago so that Iraq would reach the stage of sufficiency and dispense with importing natural gas and electricity from any other source.”[/rtl]
    [rtl]He pointed out, "The rate of burning gas in Iraq decreased from 40% to 35%, according to the statements of the Ministry of Oil, that stopping gas burning will occur within three years, while sufficiency of natural gas will occur within five years " Noting that, “This matter will save the state billions of dollars, amounting to 4 or 5 billion dollars spent annually on importing natural gas and electricity.”[/rtl]
    [rtl]He continued, “The reason for the interruptions of imported natural gas from Iraq is that the areas from which gas is supplied from countries are already in need of gas, and this need increases in some seasons, because this gas is used in power stations and to equip some laboratories, because they represent the regions." In the final distribution network, there is always little flow and many stops, and this causes interruptions that directly affect the supply of electrical energy, some of whose stations depend on imported Iranian gas at an amount of 50 million cubic meters per day.”[/rtl]
    [rtl]The energy economics specialist stated, “The United States has placed restrictions within the sanctions imposed on Iran, while placing restrictions on sending the financial compensation for imported gas and electricity, and when these payments are delayed, Iran sometimes reduces or cuts the quantities processed as a form of pressure on the Iraqi government to pay what it owes.” Accumulated costs of supplied gas. He stressed, “Iraq has already paid all of Iran’s dues for the price of gas and electricity, but despite that we hope that the Ministry of Oil’s projects in isolating gas and investing in it will be accelerated to reach the stage of sufficiency, and save These amounts, and perhaps in the event of strengthening the capabilities to produce gas, Iraq is reaching a stage.” Export for the period after five years or a little more.”[/rtl]
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