Article

2018-09-30 Iraq

Iraq begins producing gas from Nasiriya oilfield

[ENGLISH.ALARABIYA.NET] Iraq has begun producing gas from the Nasiriya oilfield in the south of the country at a rate of 50 million cubic feet a day, Oil Minister Jabbar al-Luaibi said in a statement on Saturday.

The production is part of an ambitious plan announced by the ministry in December to more than double its oil production at the oilfield from 90,000 barrels per day (bpd) to 200,000 bpd, without the help of international investors.

The development plans announced at the time included using 50 million cubic feet of gas produced as a by-product of oil production to supply power stations in the province.

Iraq has continued to flare some of the gas extracted alongside crude oil at its fields because it lacks the facilities to process it into fuel. Iraq has said it hopes to end gas flaring by 2021, which costs the government nearly $2.5 billion in lost revenue each year, according to the World Bank.

Posted by Fred 2018-09-30 00:00|| || Front Page|| [11129 views ] Top
File under: Govt of Iraq

#1 good they can start paying for the US weapons they have then

Posted by chris 2018-09-30 00:37|| 2018-09-30 00:37|| Front Page Top

#2 1. yes they don't have intl investors in the oil field, but they do have tech experts from outside the country

2. what they also need is a refinery near the oil fields and they are counting on intl investors for that

so while alarabiya is technically right, they are very misleading

Posted by lord garth 2018-09-30 00:52|| 2018-09-30 00:52|| Front Page Top

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