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Abdul-Mahdi: We will issue a new shipment of gas burned and fell to 45 percent
3/24/2016 0:00
[rtl] BAGHDAD - morning
announced Oil Minister Adel Abdul Mahdi , Iraq 'sintention to export new shipment of natural gas in the month of April next year after he wasreleased Sunday , nearly 10,000 cubic feet of gas, revealing a decline in the proportion of theburning of associated gas to 45 percent, while the ministry confirmed participation Iraq at the OPEC conference to be held in the Qatari capital Doha.
, said Abdul - Mahdi: that there is a new shipment of gas derivatives (natural gasoline) will be exported in early next month, noting that the work is going to create the stocks and shipments of liquid gas (LPG) in preparation for export also .
He said Abdul - Mahdi said "Iraq was able to take a first step, but quality, to overcome the historical dilemma suffered too long, which is this great wastage of wealth on the one hand, and the devastation caused by the burning of gas to the environment and public health on the other hand, in addition to what it means gas investment to diversify imports of the country. "
the Minister of oil , " we burn 100 percent of associated when oil gas extraction, but today we started fortifying ourselves, so that we no longer think about the extraction ofoil without thinking about investing gas with him .. tumbled burn ratio to 45 percent, and we are now in control of 55 percent of gas, "vowing to" continue to reduce the burning rates and maximize gas resources derived from the associated gas, oil is and gas today constitute 50 percent of the world energy sources, and Iraq has a Monday. "
said Abdul - Mahdi:" even if oil production rose in the contract next to 6.7 million barrels per day, the amount of gas that can be extracted will not exceed 4000-5000 Mqmq, and this is significant progress, but progress is limited and the roof and Atye does not make Iraq an invader a developed country , "stressing" the importance of the ongoing efforts incooperation with our partners to develop a a comprehensive plan for the whole country, to achieve the highest investment and less waste. "
in addition, the ministry spokesman , Assem Jihad , said:" Iraq is one of seeking to regulate the production of «OPEC» to support oil prices in the global markets through theproducers agreement from both inside and outside the organization to organize production "noting that" freeze production decision is a step by the former direction , and did not positively reflected on the oil market , so producers must reduce production by reasonable may be from 2 5 percent. "
and the extent of the contribution for an agreement to revive the oil market Jihad , he said , " Once announced the agreement in principle last month to freeze the level ofproduction began positive effects by raising prices to around $ 40 a barrel , "and expressed his hope to" return prices to normal with the necessity of the producing countries , both inside and outside OPEC , declining situation in general and thedevelopment of decisions designed to support prices oil and these efforts certainly need to concerted and solidarity of all countries. "[/rtl]
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