The Minister of Oil sets the date for stopping the burning of associated gas in three fields
Economy News _ Baghdad
Oil Minister Ihssan Abdul-Jabbar confirmed, on Monday, that the year 2024 will witness, for the first time in the country's history, the cessation of associated gas burning in three fields of oil service companies.
Abdul-Jabbar said in an interview with Al-Sabah newspaper, followed by Al-Eqtisad News, that “the Basra Gas Company annually adds investment projects that exceeded three billion dollars to treat the gas associated with oil in three fields for oil licenses, to equip gas electricity production stations with operating fuel from natural gas and to provide liquid gas. Condensate necessary for domestic consumption."
The Basra Gas Company is a 25-year joint venture between the Iraqi South Gas Company, in which it owns 51 percent of shares, and Shell, which owns 44 percent, in addition to five for Mitsubishi.
The minister revealed that "the year 2024 will witness, for the first time in the country's history, stopping the burning of associated gas in three fields of oil service companies: Rumaila, Zubair and West Qurna 2," explaining that
"the ministry is focusing its efforts to accelerate investment projects in gas to make greater use of the associated gas for disposal. Definitively from the phenomenon of burning it."
According to the Basra Gas Company, "the current production rates amount to 900 million standard cubic feet per day, equivalent to about three thousand megawatts of electric power, and provide 80 percent of the local market's need for liquefied gas (cooking gas)."
And that "the new fifth compressor station (NCS5), started work to increase the capacity of gas pressure despite the challenges of the global economic downturn and the Corona pandemic," noting that
"with the presence of the capable local Iraqi capabilities, in cooperation with international companies, we can achieve our ambitious plans with the utmost synergy."
Number of observations 88 Date of addendum 01/03/2021