“The Economist” Iraq is wasting 12 billion cubic meters of gas annually
“The Economist” Iraq is wasting 12 billion cubic meters of gas annually
26-03-2014 01:35 PM
Source: Mubasher – AR criticized the report by the Journal of British economic, ‘waste’ in Iraqi natural gas, asserting that Iraq burn annually the same amount consumed by a country the size of Austria’s gas, while buying a raid normal from Iran, with branded volume production of electric power Iraqi b ‘timid’, pointed out that the gas burned able to cover the needs of Iraq’s energy. said Economist British report published and seen it (the long-Presse), that ‘the amount of natural gas wasted burned associated with crude oil produced in the wells of Basra, estimated annually at about 12 billion cubic meters per year, which amounts exceed the annual consumption of the State of Austria whole ‘. magazine added that ‘the Iraqi government with the exception of the Kurdistan region, can not be guaranteed for its people providing electrical energy reliably for a full day without interruption, while it continues the process of burning gas, Iraq The import of natural gas from neighboring Iran at a European high and buys electricity from barges Turkish in the Gulf ‘. noted British magazine in its report that’ energy is currently produced and $ 13 Kikawat not to exceed a quarter of the total energy needed by Iraq, which is the ability of almost shy about the production capacity that will need Iraq by the year 2030, amounting to 42 Kikawat. ‘ She drew the magazine that ‘this situation will increase the suffering of the people in their daily lives, especially with the high temperatures in the summer as well as damages resulting from industrial development in the country’, stressing that ‘take advantage of the gas burned will help to solve the problem, since the rates of oil production in Iraq is increasing the quantities of gas associated with this increased production will double too much. ‘magazine that’ Basra Gas Company BGC gearing through a joint venture with Shell and Mitsubishi and South Gas Company to collect these quantities of associated gas To help feed the power plants that need to fuel gas, but the deal has alarmed many of the energy sector in Iraq, who say that they give foreign companies privileges quasi-monopoly for gas wealth in the country. ‘ and I followed the British Journal of relevant reports of business, politics and technology, said that the ‘development program gas industry in the country did not go as easily as some hope, and that the government wants to put an end to the process of gas flaring by the year 2015, but the three companies harmonious in the project is now producing approximately 1.1 billion cubic feet per day, where there Basra Gas Company 400 cubic meters of gas Product says that the absorptive capacity will reach one billion cubic meters by 2016 and then would seek competitive companies to set up facilities, gas gathering pipe laying their own ‘. magazine quoted Eng oil group of companies Booz Company, American International Consulting George Sarraf said’ the country’s lack of a framework clear about the investment and the terms of the contracts will help aversion investors adult ‘.
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