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Iraq is losing four million dollars a day due to gas flaring

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Rocky


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Iraq is losing four million dollars a day due to gas flaring




11/16/15


BAGHDAD / Sky Press: An official at Shell Oil Company source, on Monday, a day that Iraq is losing about four million dollars because of the burning of the gas emitted from the southern oil fields.
The source for "Sky Press," that "Iraq is losing worth $ 50 per second, equivalent to four million dollars a day, as a result of the burning of associated gas for oil production in the province of Basra."
The source, who requested anonymity, that "Iraq has large stocks of gas, being able to be one of the largest gas producers in the region."
Iraq and many countries in the world is witnessing an economic crisis, as a result of falling oil prices, the global stock market, below $ 48 a barrel, after it was $ 110.
Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran biggest with Iraq in lower prices, as a result, the Iraqi government was forced to announce, an austere operations, in general in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the Council of Ministers' salaries 50%.

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