Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Phony Tony sez: Full Steam Ahead!
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says I_icon_minitimeSat Apr 13, 2024 11:51 am by Mission1st

» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says I_icon_minitimeSat Apr 13, 2024 11:45 am by Mission1st

» Russia aren't taking any prisoners
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says I_icon_minitimeFri Apr 05, 2024 6:48 pm by kenlej

» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says I_icon_minitimeWed Mar 27, 2024 6:02 am by Ditartyn

» ZIGPLACE
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says I_icon_minitimeWed Mar 20, 2024 6:29 am by Zig

» CBD Vape Cartridges
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says I_icon_minitimeThu Mar 07, 2024 2:10 pm by Arendac

» Classic Tony is back
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says I_icon_minitimeTue Mar 05, 2024 2:53 pm by Mission1st

» THE MUSINGS OF A MADMAN
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says I_icon_minitimeMon Mar 04, 2024 11:40 am by Arendac

»  Minister of Transport: We do not have authority over any airport in Iraq
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says I_icon_minitimeMon Mar 04, 2024 11:40 am by Verina

» Did Okie Die?
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says I_icon_minitimeMon Mar 04, 2024 11:34 am by Arendac

» Hello all, I’m new
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says I_icon_minitimeWed Jan 31, 2024 8:46 pm by Jonny_5

» The Renfrows: Prophets for Profits, Happy Anniversary!
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says I_icon_minitimeWed Jan 31, 2024 6:46 pm by Mission1st

» What Happens when Cancer is treated with Cannabis? VIDEO
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says I_icon_minitimeWed Jan 31, 2024 8:58 am by MadisonParrish

» An Awesome talk between Tucker and Russell Brand
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says I_icon_minitimeWed Jan 31, 2024 12:16 am by kenlej

» Trafficking in children
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says I_icon_minitimeMon Jan 29, 2024 7:43 pm by kenlej

» The second American Revolution has begun, God Bless Texas
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says I_icon_minitimeMon Jan 29, 2024 6:13 pm by kenlej

» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says I_icon_minitimeSun Jan 28, 2024 3:28 pm by Mission1st

» Tucker talking Canada
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says I_icon_minitimeWed Jan 24, 2024 6:50 pm by kenlej

» Almost to the end The goodguys are winning
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says I_icon_minitimeMon Jan 22, 2024 9:03 pm by kenlej

» Dinar Daily Facebook Page
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says I_icon_minitimeMon Jan 22, 2024 3:34 pm by Ponee

Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says

Go down

Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says Empty Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says

Post by GirlBye Sun Sep 20, 2020 12:12 pm

Oil & Gas 360 Publishers Note: If Iraq were able to capture the 30% to 40% discussed in this article, the country would save billions of dollars, and countless lbs of Co2 pollution. As we say on the 360 Digital Closing Bell when covering stories about waste or bad management – “What’s a few billion between friends”. 
Dubai — Iraq, the world’s second-worst gas flarer, could generate over 3.5 GW of power by capturing 40% of associated gas that is currently burned, a GE executive said Sept. 20.
“In Iraq, if we capture 30% to 40% of the gas flaring that is being done, we can deliver over 3.5 GW of power that otherwise wouldn’t be there with the resources available in the country,” Joe Anis, CEO for the Middle East, North Africa & South Asia at GE Gas Power, told the Powering Iraq virtual conference.
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says Iraq-could-generate-over-3-and-a-half-GW-by-capturing-40-percenctof-flared-gas-GE-executive-says-oilandgas360

  • Iraq’s flared gas is second-worst globally after Russia

  • Country imports Iranian gas, electricity to address power shortage

  • US is increasing pressure on Iraq to lower energy dependence on Iran


OPEC’s second largest oil producer burned some 18 Bcm (632 Bcf) of gas in 2019, the most of any country except Russia, according to a World Bank study published July 21. Flaring deprives countries of the economic benefits that would come if the gas associated with pumping oil was processed and sold to market, rather than burned into the air.
Iraq imports Iranian gas and electricity to feed its power needs, but it is under increasing US pressure to lower its dependence on Tehran’s energy supplies, which have been under US sanctions since 2018.
Iraq is currently receiving US waivers to import Iranian gas and electricity, but the US has said they are temporary.

Investment reforms

Iraq needs to implement reforms to attract investments needed to utilize its gas resources, Fatih Birol, the executive director of the International Energy Agency, told Powering Iraq.
“Iraq has a huge amount of natural gas resources and these natural gas resources can help to power the entire of Iraq and can help to flourish the many industries which will be very helpful for the economic growth of Iraqi economy,” he said. “For this, what we need is investments and for investments we need reforms.”
Iraq faces a host of problems to boost its power supply. Gas is currently produced with crude, which is subject to OPEC+ quotas. Iraq has struggled to adhere to its OPEC+ production limits, especially in summer months when power shortages are most acute as temperatures can soar to over 50 C in the south.

Saving billions

Iraq, which currently produces around 18 GW of electricity, needs some 30 GW in 2020, according to Mahmoud Hanafy, senior vice president for transmission at Siemens Energy. Siemens in 2018 signed a memorandum of understanding with the ministry of electricity outlining a roadmap to add 11 GW of power generation capacity over four years.
Power demand in Iraq is growing as much as 9% per year, requiring the annual addition of around 1.5 GW of electricity, according to Harry Istepanian, an independent water and power expert.
Iraq’s power sector also is grappling with transmission losses estimated at between 40% to 60%, according to speakers at Powering Iraq.
“A 5% reduction in (transmission) losses will save around $40 billion a year for the Iraqi government,” Hanafy said.


https://www.oilandgas360.com/iraq-could-generate-over-3-5-gw-by-capturing-40-of-flared-gas-ge-executive-says/
GirlBye
GirlBye
VIP NewsHound
VIP NewsHound

Posts : 1484
Join date : 2018-07-09
Location : So Cal

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum