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Oil expects to stop burning associated gas at the end of 2013

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Oil expects to stop burning associated gas at the end of 2013 Empty Oil expects to stop burning associated gas at the end of 2013

Post  Admin Tue Nov 13, 2012 8:46 am


Alsumaria News - 11/13/2012 - 10:19 AM


Alsumaria News / Baghdad
I expected the Iraqi Oil Ministry, Monday, that is burning off of associated gas at the end of 2013, indicating that the meetings take place between the parties concerned to create the project.

The general director of the South Oil Company Jafar al-Musawi in an interview for "Alsumaria News", that "has direct work configuration and engineering in investment associated gas, which burns waste oil fields three in Basra," adding that "it is expected to be off the burning gas end of 2013. "

Al-Moussawi said that "the investment process in the gas industry is not a real, but requires a lot of investment and time and effort," noting that "there are meetings going on between the South Gas Company and Royal Dutch Shell in the new configuration backed company Basra Gas to build the project."

The Dutch Shell announced in July 2012 that the country's losses due to the combustion of gas amounting to five million dollars a day, indicating that it only invests 400 million standard cubic meters while burn 700 million meters without taking advantage of it.

The Oil Ministry has signed a contract, in (23 November 2011), with Shell to address the gas associated with oil in the oil fields south after the approval of the Council of Ministers (15 November 2011), the establishment of Basra Gas Company, which will address the gas associated with oil from the fields of Rumaila, Zubair, West Qurna partnership between them and the South Gas Company, owned by the Ministry of oil by 51% and Royal Dutch Shell 44% and Mitsubishi of Japan by 5%.

The Iraq ranked tenth among the world's rich natural gas after Russia and Iran, Qatar, Saudi Arabia and the United Arab Emirates and the United States, Nigeria, Venezuela and Algeria, and reserves amounting to 112 trillion cubic feet.

And offered the oil ministry in May 2010, three gas fields to foreign investment which fields Mansourieh Saybah and crutch, what would be the companies that will develop oil fields are obliged to prevent burning any quantity of gas associated with oil, as would be required to build facilities for the manufacture of associated gas, and handed over to Iraq without charge.

It is noteworthy that Shell Oil is originally a multinational corporation Dutch British It is considered the second-largest private power in the world, founded in 1907 and the United States has 40% of its capital, and operates in more than 90 countries in the world and has more than 93 thousand employees, also owns more than 43 thousand gasoline distribution stations.


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