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Oil: Gas Basra no longer burn with air .. and we intend to attract international companies
2/8/2015
Oil Ministry announced it seeks to attract foreign companies to invest in all the oil fields, while confirmed its intention to contract with international companies to create the infrastructure in the field of gas, Prime Minister Haider al-Abadi said during his visit to Germany that his government is moving to overcoming the obstacles facing foreign investors. According to a statement issued by the Office of the Prime Minister Haider al-Abadi, and received a "long", a copy of the "al-Abadi met with the Director of oil extraction Shell Andrew Brown, a company in Munich, Germany," adding that "discuss the company's activities in Iraq and the expectations of the oil market in the future," calling for "the importance of exerting maximum effort to overcome the obstacles facing the work of companies and investors," For his part, the international director of the company for his company's commitment to work and invest in Iraq. For his part, the spokesman of the Oil Ministry, Assem Jihad, in an interview for the "long", said "Shell Oil Company is one of the most important companies operating in Iraq and to remain and invest in the country is important and has a positive impact, because this company has worked field crazy, as well as Basra gas field and in collaboration with other companies Kmtsoebouche Japanese and South Gas." He said Jihad said "the government's goal in current and
future phases is to move to attract foreign companies to invest in Iraqi territory and various areas pertaining to oil, "he said, adding" there is no intention to move to contract with companies to create infrastructure or refineries or gas. "
"The ministry hopes to witness the coming days, Iraq's possession of the most reserves in the world, and that oil production is rising and the various species, "pointing out that" the work of Basra gas field is progressing very distinct and produces gas, unlike the former, as was burning gas during extraction. "
For his part, economist Ahmed Sabih told the "long" that "Encounters Iraqi officials with international oil companies, the task without a doubt will lead to the development of the oil side, because Iraq needs to activate its relations with foreign-invested enterprises."
He added, Sabih "The government aims to bring some investment companies to Iraq, especially in the field of oil, because the country does not have the companies could work all stages of the extraction of oil, "he said, adding" for Iraq to companies keeps the gas extracted from all fields, especially since much of it goes to waste for burning. "
He added that "investment companies in the oil field was not able to come to Iraq because of the difficult security situation and the obstacles are many faces, and possible to provide all the needs for them at the present time, to ensure they come, what will be reflected positively on the Iraqi side of the economic terms, "noting that" Iraq needs to invest in the industrial sector to diversify the economy in the next stage because the reliance on one side of damaging the economy by a large margin. "
He added that "working with large foreign investment companies, his first two benefits to strengthen the Iraqi economy, the second and its importance lies in the revitalization of the political side as some companies have a significant impact on the state to which it belongs and therefore could contribute to this country with the help of Iraq matters that need it. "
The oil Dutch Shell announced (May 2, 2013) start operations Gas Company Basra, in cooperation with the south of the Iraqi government gas company, and Mitsubishi of Japan.
An official statement of Shell that "the procedures for the establishment of Basra Gas Company, which will be the project larger to reduce associated with oil in the world gas combustion, started from Wednesday, "adding that" the project will be in cooperation with the companies of the South Gas, which owns 51% of the shares, and the company Mitsubishi, which owns 5% of the shares of the project, while possessed Shell shares of the company (44%) remaining ", to be the largest gas producer in the world.
The contract duration between the three companies 25 years of this project and is working on a gas associated with oil, which is currently burning through three large oil fields in southern Iraq, addressing an all from Rumaila, West Qurna 1 and Zubair.
The estimated gas reserves in Iraq by 112.6 trillion cubic which is the tenth largest in the world and the estimated value of Iraq losses of gas that is burned every year billions of dollars ft.
and confirmed by the Commission on oil and energy parliamentary Fatima Hamidi (11 October the first in 2014), that the oil ministry is determined to gas associated with oil investment and an end to burn completely, especially after the contract with the Basra Gas Company combined the two South Gas, Shell and Mitsaubia last year.
She Hamidi said the Basra Gas Company began the actual work of the gas investment within the plan strategy developed to end gas flaring and waste of this wealth over the coming years, "indicating that" Investment natural process of wealth, particularly oil and gas need to legislation of a special law in this wealth which is the oil and gas law, which currently exists, in the House of Representatives since the previous parliamentary session expected legislation. " .
He expected the former oil minister Ibrahim Bahr al-Ulum, increase gas associated with oil investment rates to the (2000) Mqmq per day by 2017, stressing that the current production of (500) Mqmq day from Rumaila, West Qurna and Zubair in Basra.
He pointed out that "the percentage amounts gas that burns a day currently stands (50%), but the development work with Basra global coalition and gas companies company may reduce the size to 15% by the end of 2017, while the financial values of the gas burned daily estimates vary depending on the market, knowing that the price of gas is linked to prices oil, but is generally up to the amounts can not be condoned. "
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2/8/2015
Oil Ministry announced it seeks to attract foreign companies to invest in all the oil fields, while confirmed its intention to contract with international companies to create the infrastructure in the field of gas, Prime Minister Haider al-Abadi said during his visit to Germany that his government is moving to overcoming the obstacles facing foreign investors. According to a statement issued by the Office of the Prime Minister Haider al-Abadi, and received a "long", a copy of the "al-Abadi met with the Director of oil extraction Shell Andrew Brown, a company in Munich, Germany," adding that "discuss the company's activities in Iraq and the expectations of the oil market in the future," calling for "the importance of exerting maximum effort to overcome the obstacles facing the work of companies and investors," For his part, the international director of the company for his company's commitment to work and invest in Iraq. For his part, the spokesman of the Oil Ministry, Assem Jihad, in an interview for the "long", said "Shell Oil Company is one of the most important companies operating in Iraq and to remain and invest in the country is important and has a positive impact, because this company has worked field crazy, as well as Basra gas field and in collaboration with other companies Kmtsoebouche Japanese and South Gas." He said Jihad said "the government's goal in current and
future phases is to move to attract foreign companies to invest in Iraqi territory and various areas pertaining to oil, "he said, adding" there is no intention to move to contract with companies to create infrastructure or refineries or gas. "
"The ministry hopes to witness the coming days, Iraq's possession of the most reserves in the world, and that oil production is rising and the various species, "pointing out that" the work of Basra gas field is progressing very distinct and produces gas, unlike the former, as was burning gas during extraction. "
For his part, economist Ahmed Sabih told the "long" that "Encounters Iraqi officials with international oil companies, the task without a doubt will lead to the development of the oil side, because Iraq needs to activate its relations with foreign-invested enterprises."
He added, Sabih "The government aims to bring some investment companies to Iraq, especially in the field of oil, because the country does not have the companies could work all stages of the extraction of oil, "he said, adding" for Iraq to companies keeps the gas extracted from all fields, especially since much of it goes to waste for burning. "
He added that "investment companies in the oil field was not able to come to Iraq because of the difficult security situation and the obstacles are many faces, and possible to provide all the needs for them at the present time, to ensure they come, what will be reflected positively on the Iraqi side of the economic terms, "noting that" Iraq needs to invest in the industrial sector to diversify the economy in the next stage because the reliance on one side of damaging the economy by a large margin. "
He added that "working with large foreign investment companies, his first two benefits to strengthen the Iraqi economy, the second and its importance lies in the revitalization of the political side as some companies have a significant impact on the state to which it belongs and therefore could contribute to this country with the help of Iraq matters that need it. "
The oil Dutch Shell announced (May 2, 2013) start operations Gas Company Basra, in cooperation with the south of the Iraqi government gas company, and Mitsubishi of Japan.
An official statement of Shell that "the procedures for the establishment of Basra Gas Company, which will be the project larger to reduce associated with oil in the world gas combustion, started from Wednesday, "adding that" the project will be in cooperation with the companies of the South Gas, which owns 51% of the shares, and the company Mitsubishi, which owns 5% of the shares of the project, while possessed Shell shares of the company (44%) remaining ", to be the largest gas producer in the world.
The contract duration between the three companies 25 years of this project and is working on a gas associated with oil, which is currently burning through three large oil fields in southern Iraq, addressing an all from Rumaila, West Qurna 1 and Zubair.
The estimated gas reserves in Iraq by 112.6 trillion cubic which is the tenth largest in the world and the estimated value of Iraq losses of gas that is burned every year billions of dollars ft.
and confirmed by the Commission on oil and energy parliamentary Fatima Hamidi (11 October the first in 2014), that the oil ministry is determined to gas associated with oil investment and an end to burn completely, especially after the contract with the Basra Gas Company combined the two South Gas, Shell and Mitsaubia last year.
She Hamidi said the Basra Gas Company began the actual work of the gas investment within the plan strategy developed to end gas flaring and waste of this wealth over the coming years, "indicating that" Investment natural process of wealth, particularly oil and gas need to legislation of a special law in this wealth which is the oil and gas law, which currently exists, in the House of Representatives since the previous parliamentary session expected legislation. " .
He expected the former oil minister Ibrahim Bahr al-Ulum, increase gas associated with oil investment rates to the (2000) Mqmq per day by 2017, stressing that the current production of (500) Mqmq day from Rumaila, West Qurna and Zubair in Basra.
He pointed out that "the percentage amounts gas that burns a day currently stands (50%), but the development work with Basra global coalition and gas companies company may reduce the size to 15% by the end of 2017, while the financial values of the gas burned daily estimates vary depending on the market, knowing that the price of gas is linked to prices oil, but is generally up to the amounts can not be condoned. "
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