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Shell announces investment of 300 000 Mqmq of associated gas and the loss of Iraq's $ 80 in the second
Sunday, 22 December / 2 January 2012 11:58
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Twilight News / Company announced that Shell Oil, Sunday, that will invest 300 000 Mqmq (million standard cubic feet) of associated gas burned in the atmosphere, as well as access Two million in the future, as pointed out that Iraq is losing approximately $ 80 per second, as a result of combustion gas associated with crude oil extraction in the air.
The vice president of Shell for the Middle East and North Africa Munir Bo Aziz's "Twilight News", "Iraq is losing approximately $ 80 per second, or about seven million dollars in one day as a result of combustion of gas associated with the extraction of crude oil in the air."
Bo said Aziz that "approximately 700 thousand Mqmq (million standard cubic feet) of gas associated with oil extraction operations are burned every day in the air."
He Bu Aziz that "this amount will rise with the start of the oil companies exploiting the oil fields discovered and developed that were put in the first licensing round and will raise production to more than two million Mqmq in one day."
The Cabinet approved in October of 2011, the establishment of Basrah Gas Company, which will address the gas associated with oil from the fields of Rumaila, Zubair, West Qurna partnership between the South Gas Company, owned by the Ministry of Oil by 51% and the two Royal Dech Shell by 44% and Mitsubishi of Japan by 5 %, while the ministry signed the contract with the companies once at the end of November.
He said Bo Aziz said, "Shell has in collaboration with Mitsubishi after signing the investment contract gas associated with the Iraqi government to invest 300 000 Mqmq of gas per day from the sum of one million Mqmq burning atmosphere every day and work period coming to invest 700 000 Mqmq remaining to end the burning of associated gas to extract oil." .
Iraq imports currently between 500 - 1000 tons per day of liquefied petroleum gas (cooking gas LPG).
And Bo Aziz said, "heading for Shell with its partners to invest all the associated gas, which burns the atmosphere, which amounts to 700 000 Mqmq day, but an investment of this gas needs to be facilities for export and internal use and therefore needs time."
He added that "this amount of gas burned in the future will double as a result of rising oil production from the first round of licensing contracts for up to two million Mqmq (million standard cubic feet) of gas per day."
Shell has a stake of 45% from the investment of the Majnoon field in Basra, with its partners and they have all of the Petronas 30% of the shares, as well as the Southern Oil Company 25% government stake in the field.
The member of the Commission on oil and energy parliamentary Bayazid Hassan in his speech to "Twilight News", "to take advantage of this gas in the provision of energy for many industrial facilities, productivity, and the search for sustainable alternative energies, similar to developed countries."
The experts confirmed that the pollution produced by burning this amount of gas in Basra, an estimated 20 million tons per year of pollutants which are equivalent to the pollutants emitted from the three million cars per year.
Hassan said that "the burning of gas associated with oil leaves the devastating environmental effects, not to mention the economic losses resulting from the import of gas from other countries and the burning of gas in Iraq."
The vice president of Shell that "the contract would double Iraq's production of gas is more than twice as well that the project includes spending about $ 13 billion for the rehabilitation of infrastructure or structures anchor a new project will need to spend $ 4.4 billion in additional build the facility of LPG."
"The gas investor will cover the local need and end the deficit in power and I expect that the net income of the Iraqi treasury $ 30 billion of this project which covers three fields are the southern Zubair and West Qurna 1, Rumaila for 25 years."
He said the "investment value of approximately $ 17 billion contribution the South Oil Company in which an estimated five billion dollars and contribute to both Shell and Mitsubishi about seven billion dollars with the financing of the remaining revenues of the project and have the Iraqi side, 51 percent of the shares, Shell 44 percent, and Mitsubishi 5 percent The project is huge, costing tens of billions of dollars. "
He said that "according to the terms agreed, the gas, which burns now be sold to the Iraqi side to meet domestic demand first and the surplus for local need will be exported and the recently signed and the Iraqi Oil Ministry held consultation from an international company to build an oil pipeline and gas pipeline parallel through Syria or Turkey to the Mediterranean and then to Europe. "
This is because the presence of Shell in Iraq to the early days of the establishment of the Iraq Petroleum Company, which developed a strong foundation has allowed the development of oil and gas industry in Iraq.
The international oil company Shell announced last October announced the signing on behalf of several international companies, a contract for a period of one year to develop the Majnoon oil field in southern Iraq, saying that the signing of the contract is an important step to improve the levels of production in the field.
Iraq has signed during the year 2010 contracts with several international companies to develop some oil fields in the two rounds of licensing the first and the second to reach a production of at least 11 million barrels per day within the next six years, and 12 million barrels a day, after the addition of the quantities produced from other fields of effort national levels.
It is noteworthy that Iraq is exporting oil from the ports of Basra and Khor al-Amaya in Basra, and Turkish port of Ceyhan on the Mediterranean, and the truck by truck to Jordan, and the percentage of Iraqi exports from the Basra oil about 85%, while the remaining issue of Kirkuk, Iraq currently produces about 2.5 million barrels a day, and the issue of two million barrels per day to approximately 25 companies worldwide.
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Sunday, 22 December / 2 January 2012 11:58
Hits: 5
Twilight News / Company announced that Shell Oil, Sunday, that will invest 300 000 Mqmq (million standard cubic feet) of associated gas burned in the atmosphere, as well as access Two million in the future, as pointed out that Iraq is losing approximately $ 80 per second, as a result of combustion gas associated with crude oil extraction in the air.
The vice president of Shell for the Middle East and North Africa Munir Bo Aziz's "Twilight News", "Iraq is losing approximately $ 80 per second, or about seven million dollars in one day as a result of combustion of gas associated with the extraction of crude oil in the air."
Bo said Aziz that "approximately 700 thousand Mqmq (million standard cubic feet) of gas associated with oil extraction operations are burned every day in the air."
He Bu Aziz that "this amount will rise with the start of the oil companies exploiting the oil fields discovered and developed that were put in the first licensing round and will raise production to more than two million Mqmq in one day."
The Cabinet approved in October of 2011, the establishment of Basrah Gas Company, which will address the gas associated with oil from the fields of Rumaila, Zubair, West Qurna partnership between the South Gas Company, owned by the Ministry of Oil by 51% and the two Royal Dech Shell by 44% and Mitsubishi of Japan by 5 %, while the ministry signed the contract with the companies once at the end of November.
He said Bo Aziz said, "Shell has in collaboration with Mitsubishi after signing the investment contract gas associated with the Iraqi government to invest 300 000 Mqmq of gas per day from the sum of one million Mqmq burning atmosphere every day and work period coming to invest 700 000 Mqmq remaining to end the burning of associated gas to extract oil." .
Iraq imports currently between 500 - 1000 tons per day of liquefied petroleum gas (cooking gas LPG).
And Bo Aziz said, "heading for Shell with its partners to invest all the associated gas, which burns the atmosphere, which amounts to 700 000 Mqmq day, but an investment of this gas needs to be facilities for export and internal use and therefore needs time."
He added that "this amount of gas burned in the future will double as a result of rising oil production from the first round of licensing contracts for up to two million Mqmq (million standard cubic feet) of gas per day."
Shell has a stake of 45% from the investment of the Majnoon field in Basra, with its partners and they have all of the Petronas 30% of the shares, as well as the Southern Oil Company 25% government stake in the field.
The member of the Commission on oil and energy parliamentary Bayazid Hassan in his speech to "Twilight News", "to take advantage of this gas in the provision of energy for many industrial facilities, productivity, and the search for sustainable alternative energies, similar to developed countries."
The experts confirmed that the pollution produced by burning this amount of gas in Basra, an estimated 20 million tons per year of pollutants which are equivalent to the pollutants emitted from the three million cars per year.
Hassan said that "the burning of gas associated with oil leaves the devastating environmental effects, not to mention the economic losses resulting from the import of gas from other countries and the burning of gas in Iraq."
The vice president of Shell that "the contract would double Iraq's production of gas is more than twice as well that the project includes spending about $ 13 billion for the rehabilitation of infrastructure or structures anchor a new project will need to spend $ 4.4 billion in additional build the facility of LPG."
"The gas investor will cover the local need and end the deficit in power and I expect that the net income of the Iraqi treasury $ 30 billion of this project which covers three fields are the southern Zubair and West Qurna 1, Rumaila for 25 years."
He said the "investment value of approximately $ 17 billion contribution the South Oil Company in which an estimated five billion dollars and contribute to both Shell and Mitsubishi about seven billion dollars with the financing of the remaining revenues of the project and have the Iraqi side, 51 percent of the shares, Shell 44 percent, and Mitsubishi 5 percent The project is huge, costing tens of billions of dollars. "
He said that "according to the terms agreed, the gas, which burns now be sold to the Iraqi side to meet domestic demand first and the surplus for local need will be exported and the recently signed and the Iraqi Oil Ministry held consultation from an international company to build an oil pipeline and gas pipeline parallel through Syria or Turkey to the Mediterranean and then to Europe. "
This is because the presence of Shell in Iraq to the early days of the establishment of the Iraq Petroleum Company, which developed a strong foundation has allowed the development of oil and gas industry in Iraq.
The international oil company Shell announced last October announced the signing on behalf of several international companies, a contract for a period of one year to develop the Majnoon oil field in southern Iraq, saying that the signing of the contract is an important step to improve the levels of production in the field.
Iraq has signed during the year 2010 contracts with several international companies to develop some oil fields in the two rounds of licensing the first and the second to reach a production of at least 11 million barrels per day within the next six years, and 12 million barrels a day, after the addition of the quantities produced from other fields of effort national levels.
It is noteworthy that Iraq is exporting oil from the ports of Basra and Khor al-Amaya in Basra, and Turkish port of Ceyhan on the Mediterranean, and the truck by truck to Jordan, and the percentage of Iraqi exports from the Basra oil about 85%, while the remaining issue of Kirkuk, Iraq currently produces about 2.5 million barrels a day, and the issue of two million barrels per day to approximately 25 companies worldwide.
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