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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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    Oil Minister: Iraq Athai to export the surplus of gasoline and natural gas liquid

    rocky
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    • Post n°1

    Oil Minister: Iraq Athai to export the surplus of gasoline and natural gas liquid Empty Oil Minister: Iraq Athai to export the surplus of gasoline and natural gas liquid

    Post by rocky Wed 16 Mar 2016, 9:02 am

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    Iraqi Oil Minister Adel Abdul Mahdi, talking to reporters in Vienna on 2 June 2015. Photograph: Heinz-Peter Bader - Reuters.

    Our economy / Baghdad

    Oil Minister Adel Abdul-Mahdi said the ministers preparing to export the surplus of gasoline and natural gas liquid to the outside, and at the time, who pointed out that Iraq is ranked 11th in the world in gas reserves, confirmed that the first licensing rounds, companies not required to extract the associated gas.

    Abdul-Mahdi said in a statement the agency of our economy News received a copy of the "Iraq ranks 11-12 in a global gas reserves amounting to 131 trillion cubic feet," expected to "up to fifth place in these reserves in the event of the completion of the private gas explorations."

    He said Abdul-Mahdi said "Iraq gets gas from two gas associated with the oil, which constitutes 75% and by 98.3 trillion cubic feet and the second is the free gas, which constitutes 25% and by 32.7 trillion cubic feet," noting that "gas is the least harmful among energy sources traditional on the environment. "

    He stressed Abdul-Mahdi, "The first licensing contracts rounds that included Rumaila, Zubair, West Qurna 1, Maysan not oblige contracting extraction of associated gas companies, but the tour only the second licensing, while allocated the third round to give the free fields as in the Akkas and Mansuriyah and Siba."
    He pointed out that Abdul-Mahdi, "to address the shortfall in the first round of licensing, founded the Basra Gas Company

    In 2012, where he owned South Oil Company (Basra) 51% of its shares, while Shell and Metsobuchi owns 49% remaining, "explaining that" the company is preparing these days for the export of surplus for domestic consumption of natural gas, and liquid gas, and thus Iraq enters for the first time in growing and sustainable club of gas exporting countries. "

    He said Abdul-Mahdi said "associated natural gas investment ratio reached in 2015 to 50% of the produced quantities amounting to 3,000 million cubic feet per day," pointing out that "a number of power stations that operate or can operate 25 dry gas station."


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