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Iraq’s South Gas Company to produce 2 billion cubic feet in 2013
By Khayoun Saleh
Azzaman, March 2012
Iraq’s South Gas Company says its output will exceed 2 billion cubic feet by 2013, according to the company’s director-general, Hussein Khudhair.
“Once the projects under construction are completed, the production will be in huge quantities surpassing two billion cubic meters,” Khudhair said in a statement.
He said “gigantic projects” were being implemented and the company plans to add 5,000 more employees to its payroll.
There are two state-run firms in the southern Province of Basra developing the province’s massive hydrocarbon riches. The other is Basra Gas Company.
Basra is the site of Iraq’s most prolific oil and gas fields. It holds up to 70 percent of the country’s oil reserves – the world’s third largest after Saudi Arabia and Iran.
Iraq has vast natural gas reserves and is trying to harness them in order to fuel its power stations and export the surplus.
The country has a $12 billion deal with Royal Dutch Shell and Japan’s Mitsubishi Corp. The contract is basically to capture the large volumes of natural gas its oil field flare off from some of Basra’s major oil fields like Rumaila, Zubai and West Qurna.
It is estimated that these three fields together flare off more than 874 million cubic feet a day.
Iraq’s proven natural gas reserves are estimated at 110 trillion cubic feet but oil ministry officials say there are another 150 trillion in probable reserves.
Iraq has 144 billion barrels of proven oil reserves.
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By Khayoun Saleh
Azzaman, March 2012
Iraq’s South Gas Company says its output will exceed 2 billion cubic feet by 2013, according to the company’s director-general, Hussein Khudhair.
“Once the projects under construction are completed, the production will be in huge quantities surpassing two billion cubic meters,” Khudhair said in a statement.
He said “gigantic projects” were being implemented and the company plans to add 5,000 more employees to its payroll.
There are two state-run firms in the southern Province of Basra developing the province’s massive hydrocarbon riches. The other is Basra Gas Company.
Basra is the site of Iraq’s most prolific oil and gas fields. It holds up to 70 percent of the country’s oil reserves – the world’s third largest after Saudi Arabia and Iran.
Iraq has vast natural gas reserves and is trying to harness them in order to fuel its power stations and export the surplus.
The country has a $12 billion deal with Royal Dutch Shell and Japan’s Mitsubishi Corp. The contract is basically to capture the large volumes of natural gas its oil field flare off from some of Basra’s major oil fields like Rumaila, Zubai and West Qurna.
It is estimated that these three fields together flare off more than 874 million cubic feet a day.
Iraq’s proven natural gas reserves are estimated at 110 trillion cubic feet but oil ministry officials say there are another 150 trillion in probable reserves.
Iraq has 144 billion barrels of proven oil reserves.
[You must be registered and logged in to see this link.]
