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Iraq declares "optimal" investment to burn billions of dollars

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Iraq declares "optimal" investment to burn billions of dollars

Post  RamblerNash on Wed Aug 01, 2018 11:00 am

Iraq declares "optimal" investment to burn billions of dollars



Twilight News

3 hours ago

Shafak News / The Minister of Oil announced the proximity of direct investment operations "optimal" gas associated with the fields of Gharaf and Nasiriyah in the province of Dhi Qar.

This came during the signing ceremony of the final gas investment associated with the fields with Baker Hughes / General Electric.

Oil Minister Jabbar Ali Al-Luaibi said that the energy invested from the gas associated with the production operations of Al Gharaf and Nasiriyah fields will reach 200 million standard cubic feet per day. In addition, the project will provide 1,000 tons of liquid gas and 900 cubic meters of condensate.

The minister added that the project will provide (500) job opportunity for the people of the province, as well as the implementation of the company to establish a residential complex for workers and provide services to the province.

Al-Luaibi said that the production of the gas will provide quantities of dry gas, which is equipped with power plants, as well as stop waste of gas resources and reduce environmental pollution, and this comes through the ministry's plan to stop the burning of gas within the strategy of work until 2022. Optimal investment of associated gas from the fields of Dhi Qar, Missan and some fields in Basra.

The oil ministry had signed in April a contract initials with Bakerhoes / General Electric to invest gas associated with the fields of Gharraf and Nasiriyah oil in the province of Dhi Qar.

The current volume of gas production in Iraq is about 2 billion cubic feet per day, and the amount of burning gas is about one billion and 700 million cubic feet, which cost the country losses of about $ 80 per second, or about seven million dollars a day. According to a study made in 2016 by oil experts.

http://www.shafaaq.com/ar/Ar_NewsReader/521bda6b-02d1-4ff0-87d0-565fe89fa566
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