Iraq plans to export natural gas in 2017

Iraq plans to export natural gas in 2017

09/05/2012 17:03

Baghdad, May 9 / May (Rn) – The Iraqi Oil Ministry, said on Wednesday its intention to export natural gas as standard during the year 2017, noting that the next phase will focus on investment projects of natural gas. and Oil Minister Abdul Karim and coffee, at a press conference at the Ministry, “The ministry has developed a plan to focus on the natural gas investment in the coming years,” adding that “the ministry has a giant projects in the field of natural gas investment, most notably the contract with Shell, which exceed $ 18 billion dollars.” The Laibi “There are other projects gas investment is fully in the fields of Majnoon and West Qurna in the powder and Hlvaip, “noting that” Iraq will invest the gas to fill a need for the Ministry of Electricity. ” and added that “the Ministry is currently preparing to export natural gas gradually over the coming years, bringing to the stage of the export record during the year 2017″ . and Iraq signed in 2010, contracts with several international companies to develop some oil fields in the two rounds of licensing the first and second, to reach a production of at least 11 million barrels per day within the next six years, and 12 million barrels per day after the addition of the quantities produced from the fields other national effort, centered those contracts in most fields, the South, also signed contracts with international companies to develop the natural gas investment for three gas fields in the third licensing round. Preliminary estimates indicate that Iraq possessed stockpiles estimated at 112 trillion cubic feet of gas, except that 700 million cubic feet of it burning day and wasted due to lack of infrastructure. It is noteworthy that the Iraqi Oil Ministry announced, in March 2011, the licensing round, the fourth for the development of a number of patches exploratory oil and gas and includes 12 locations spread over the provinces of Nineveh, Anbar, Najaf and Qadisiyah, Babil and Muthanna, Diyala, Wasit and Basra, Dhi Qar. From: Yazan al-Shammari, the Open: Joseph Karwan

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