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Ministry of Oil: Iraq will not burn gas in 2023

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Ministry of Oil: Iraq will not burn gas in 2023


584 economy  12/01/2020 09:21
Baghdad today - Baghdad


The Ministry of Oil confirmed that the beginning of 2023 will witness the completion of gas investment projects, and we will complete the burning gas process, leading to full production of about 2,700 (millers), one million standard cubic feet per day.

"The ministry has an integrated plan for providing gas to fuel stations, by investing in gas associated with oil production and gas fields," said Undersecretary Hamid Al-Zobaei, in a press statement.

He added, "The quantities of invested gas now reach 60 percent, and reach 1500 million standard cubic feet per day, which are prepared for power stations in a stable and steady manner," noting that

"the power stations need more than the current available quantity."

Al-Zobaie said that during "the year 2022, and the beginning of 2023, the projects that will end the burning gas file will be completed, and at the same time an amount of 1,200 million standard cubic feet per day will be added to be invested in electric power stations."

He explained, "During the year 2016, the complete plan for gas investment was drawn up, so it was 600 (muqmq), and now we have reached 1500 (muqmq), and the plans and projects are complete to reach a full investment, and the production will be 2,700 (muqmq) of gas associated with oil production."

In addition, the Ministry of Oil called for the need to pay attention to supporting the national effort in developing the oil and gas industry.

The Ministry’s media office stated in a statement that “Oil Minister Ihsan Abdul-Jabbar confirmed in his speech during the signing ceremony of the seismic survey contract for the exploration plot (12) in the governorates of Najaf and Muthanna between the two (oil exploration) companies and the Russian company (Bashneft) that the ministry will continue implementing its plans. "The optimal investment of hydrocarbon wealth in order to maximize and develop oil reserves."

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