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A government spokesman sets out to Nina the advantages of investing in gas associated with oil extraction
Saturday 18 March 2023 10:12 | Economical Number of readings: 685
Baghdad / NINA / - The government spokesman, Basem Al-Awadi, identified the advantages of investing in gas associated with the extraction of Iraqi oil.
Al-Awadi said in a statement to the Iraqi National News Agency ( NINA ) that:
"Since the discovery of oil in the country, gas has been burning in vain without investing it," noting that
Iraq imports gas annually at an estimated amount of 5 billion dollars, and wastes and burns gas at a rate of 8-10 billion dollars. Pointing out that
the state's vision is moving towards investing wasted gas in the future. He explained:
"The recent licensing round, which took place between the Ministry of Oil and a number of companies under the auspices of the Prime Minister, is very important for gas investment, as
the companies gave promises to provide Iraq with a quarter of what it imports within a period of 15 months from the date of implementation," pointing out that
after 3 years The companies cover Iraq's gas needs, and it is self-sufficient. He pointed out that
the international community calls on Iraq to take practical measures to limit climate change, including burning and wasted gas, and
thus investing gas will bring great benefit to Iraq in all fields, and
it will become a source of oil and gas and
its impact will be greater in the region and the world, geopolitically, and it will double, and
the amount of gas imports will be invested. from other countries with internal sectors such as education and health, and responds to international claims regarding climate change, given that burning gas contributes to the negative impact on the climate. He stressed that
the climate file will be involved in everything in the future with global transactions, and will be linked to global loans and international relations, noting:
"Iraq is located among the 5 countries in the world most affected by climate change, and
therefore Iraq's move towards clean energy will contribute to limiting climate change." / End
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Saturday 18 March 2023 10:12 | Economical Number of readings: 685
Baghdad / NINA / - The government spokesman, Basem Al-Awadi, identified the advantages of investing in gas associated with the extraction of Iraqi oil.
Al-Awadi said in a statement to the Iraqi National News Agency ( NINA ) that:
"Since the discovery of oil in the country, gas has been burning in vain without investing it," noting that
Iraq imports gas annually at an estimated amount of 5 billion dollars, and wastes and burns gas at a rate of 8-10 billion dollars. Pointing out that
the state's vision is moving towards investing wasted gas in the future. He explained:
"The recent licensing round, which took place between the Ministry of Oil and a number of companies under the auspices of the Prime Minister, is very important for gas investment, as
the companies gave promises to provide Iraq with a quarter of what it imports within a period of 15 months from the date of implementation," pointing out that
after 3 years The companies cover Iraq's gas needs, and it is self-sufficient. He pointed out that
the international community calls on Iraq to take practical measures to limit climate change, including burning and wasted gas, and
thus investing gas will bring great benefit to Iraq in all fields, and
it will become a source of oil and gas and
its impact will be greater in the region and the world, geopolitically, and it will double, and
the amount of gas imports will be invested. from other countries with internal sectors such as education and health, and responds to international claims regarding climate change, given that burning gas contributes to the negative impact on the climate. He stressed that
the climate file will be involved in everything in the future with global transactions, and will be linked to global loans and international relations, noting:
"Iraq is located among the 5 countries in the world most affected by climate change, and
therefore Iraq's move towards clean energy will contribute to limiting climate change." / End
[You must be registered and logged in to see this link.]
