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Reduced gas burning by 38%
Economical 02/15/2024
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Baghdad: Al-Sabah
A government source expected that approximately 95% of flaring gas would disappear during the year 2027, stressing the
continuation of significant government support to reduce flaring gas and work to exploit it optimally.
These confirmations come a day after the Dutch Shell Company submitted an official apology to the Ministries of Oil and Industry for continuing to work on the Nebras Chemical Industries Project, indicating the
continuation of its partnership with the Basra Gas Company in order to provide support for the project, while the
Prime Minister directed the Ministries of Industry and Oil to study other options.
More responsive to the new gas reality after signing the investment contract with the French company Total, as well as re-studying the size of the project, its design capacity, and
other technical details.
The government source stated in a press statement that
“the steps taken by the Ministry of Oil, with the continued support of the Prime Minister, have reduced gas burning by about 38%,” suggesting that
“gas burning during the current year will decrease to 32%.” He added,
“The phenomenon of gas burning may disappear by 95% in 2028,” pointing out that
75% of Iraqi gas reserves are gas associated with oil.
[You must be registered and logged in to see this link.]
Economical 02/15/2024
[You must be registered and logged in to see this image.]
Baghdad: Al-Sabah
A government source expected that approximately 95% of flaring gas would disappear during the year 2027, stressing the
continuation of significant government support to reduce flaring gas and work to exploit it optimally.
These confirmations come a day after the Dutch Shell Company submitted an official apology to the Ministries of Oil and Industry for continuing to work on the Nebras Chemical Industries Project, indicating the
continuation of its partnership with the Basra Gas Company in order to provide support for the project, while the
Prime Minister directed the Ministries of Industry and Oil to study other options.
More responsive to the new gas reality after signing the investment contract with the French company Total, as well as re-studying the size of the project, its design capacity, and
other technical details.
The government source stated in a press statement that
“the steps taken by the Ministry of Oil, with the continued support of the Prime Minister, have reduced gas burning by about 38%,” suggesting that
“gas burning during the current year will decrease to 32%.” He added,
“The phenomenon of gas burning may disappear by 95% in 2028,” pointing out that
75% of Iraqi gas reserves are gas associated with oil.
[You must be registered and logged in to see this link.]
