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Parliamentary Energy: Oil Ministry are great strides to invest gas burned
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2015/11/13
{Baghdad: Euphrates News} confirmed the parliamentary energy committee that the Ministry of Oil great strides Boan burned gas investment process.
The committee member said Aziz Kadhim Ugaili told {Euphrates News} today that "the oil ministry focused at the moment on the extraction of gas, along with oil, which was placed as a condition within the current licenses instead of burned."
He noted that the "gas are two liquid and dry, as there are self-sufficiency of liquid gas, either dry gas, we need him to supply gas stations.
"He stressed that" trends ministry is how to exploit the gas burned for multiple purposes Ctorid electricity or cooking utensils or external relations ".
He pointed out that" The oil ministry launched a major moves on take advantage of the gas burned as the coming days we will benefit from this experience to fill the full shortages and self-sufficiency of dry gas.
"It is said that official of the Shell Oil Company revealed earlier that Iraq is losing worth $ 50 per second, the equivalent of $ 4 million daily, as a result of the burning of gas associated with oil production in the province of Basra.
He said Vice President for the Middle East and North Africa at Shell Oil Company Mounir Bouaziz, said his company is currently waiting for the Iraqi government approval for gas investment contracts, which are burned, and then begin implementation, noting that Iraq possessed large stocks of gas, being able to be one of the largest gas producers in the region.
and will invest in the project size is about $ 12 billion, and will retain the Iraq share 51% of the project, which is expected to be a guarantor to export about 600 million cubic feet of gas per day from fields in Basra. It ended 1
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