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During 2025...a plan to reduce gas burning in Iraq to 20%
economy 2024-12-27 | 03:48
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Alsumaria News - Economy
Stopping burning gas in Iraq and investing in it constitutes one of the main solutions in Baghdad’s plans to achieve self-sufficiency and reduce the import bill, in addition to fulfilling its climate pledges.
Iraq, the second largest oil producer in OPEC, plans to reduce the amount of gas it burns unproductively to about 20% over the next year in an attempt to meet growing demand and limit imports.
exploitation
The percentage of gas in Iraq associated with oil operations - according to the Specialized Energy Platform (based in Washington) - reached about 67% during the current year.
aims to Baghdad completely stop burning gas in Iraq associated with oil operations within 3 years, in order to achieve self-sufficiency in operating power plants and stop importing from abroad.
gas Associated in Iraq
, Izzat Saber Ismail, said Deputy Minister of Oil for Gas Affairs that the exploitation of associated gas in Iraq reached about 67% by the end of this year (2024). He added:
"New projects in the south, including Total Energy, will help enhance this further, as it aims to operate the first phase of the French energy giant's projects during the current year."
The deal signed with Total includes the development of 4 mega projects with investments amounting to $27 billion, including the investment of associated gas from 4 to 5 oil fields, with a capacity of 600 million standard cubic feet per day.
Iraq, along with Russia, Iran, and the United States, has the highest rates of gas flaring, a process that wastes fuel instead of collecting it and using it in industries such as electricity generation.
has been forced Iraq to resort to imports, including from neighboring Iran, for which it needs to obtain regular sanctions exemptions from Washington. Ismail said that the current permission to import Iranian gas is valid until June.
Gas in Iraq
Ismail said that gas burning in Iraq declined from 47% in 2021 to about 33% this year, which is a good indicator of the efforts being made.
flaring has been Gas a concern around the world for years, as the lack of infrastructure needed to capture the gas leads oil production companies to burn excess fuel.
Flaring Index showed The World Bank's Global Gas earlier this year that gas flared volumes remained largely stable in the five years to 2023.
Ismail indicated that Iraq plans, by the end of next year, to introduce projects that will add 290 million cubic feet per day of gas produced from oil fields in the south.
This includes 50 million cubic feet from the Artawi field through a Total Energy project, which will rise to 300 million cubic feet by 2027, he added.
of the Ministry of Oil said The Undersecretary : “For the Artawi project only, the investments will be about two billion dollars. It is a complete gas complex, and it will be ready by the end of next year.”
also plans Iraq import terminal to build a liquefied gas at the large port of Al-Faw in the south, to meet demand for the fuel.
In January, invitations will begin to be sent, mainly to American companies, to compete to build the project, in which the storage capacity of the station will reach 300,000 cubic metres.
Ismail said that Iraq currently produces 3.122 billion cubic feet of gas per day, of which about 1.048 billion cubic feet were flared as of December 22.
The Iraqi Oil Minister, Hayan Abdul Ghani, had recently confirmed in statements that the file of gas investment in Iraq plants and meeting the needs of power are among the priorities and important files that the government is focusing on.
Source: Energy Platform
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