Oil signed a memorandum with the US company to reduce gas flaring

[ltr]Oil signed a memorandum with the US company to reduce gas flaring[/ltr]

 Since 24/04/2016 17:39 pm (Baghdad time)
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[ltr]BAGHDAD - balances News[/ltr]
[ltr]The Oil Ministry announced on Sunday the signing of a strategic framework of the memorandum with the US company to reduce gas flaring, and as pointed out that the memorandum will draw new plans in support of oil and gas production operations in Iraq.[/ltr]
[ltr]The ministry said in a statement received / balances News /, a copy of which, "The Oil Ministry has signed with General Electric Company (GE US) a memorandum of strategic framework of long-term cooperation includes the implementation of a number of projects for the benefit of the ministry, including the cooperation in the field to reduce the burning of gas extracted from the fields oil for use in electric power generation, as well as the maintenance and perpetuation of special equipment generators and compressors, as well as providing more than 400 MW power as energy oil installations before next summer. "[/ltr]
[ltr]The statement added, "The signing of the memorandum came after negotiations that lasted for two consecutive years was a success and to achieve the interests of both sides as it aims to develop a strategic program to reduce gas flaring and investment in the industry and energy operations, and the development needed to create the first center for monitoring and diagnosis of plans in the country to enable the maintenance of pre-emptive rapid operations and save time. "[/ltr]
[ltr]"The contract also includes improving the operational efficiency and performance of oil and gas facilities of the Ministry of oil which will help promote sustainable growth of the country's wheel."[/ltr]
[ltr]The statement pointed out that "the signing of the memorandum was the result of efforts by oil projects and companies Basra and gas refineries, the South and the South Oil Company, which will provide a memorandum relationship with the US company to secure qualification for the production of oil equipment operations and escalate potential export of crude oil, the company also provides spare parts for equipment used in production and export of crude oil within a record timeframe. "[/ltr]
[ltr]He stressed that "the signing of the memorandum was the result of a long effort by the ministry to develop programs and plans to support oil and gas installations up to 800 units as well as direct communication to support the production units and field to prevent access junctions affect the pace of work as well as the safe operation of the provision of productive units in Iraq."[/ltr]
[ltr]The statement quoted ministry spokesman Assem Jihad said, "The memorandum will draw new plans in support of oil and gas production operations in Iraq."[/ltr]
[ltr]He continued that "the memorandum is a framework is the first of its kind in the ministry in order to enhance the performance of the oil and energy sector agreement."[/ltr]


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