2024-04-04 05:23:41
Iraq signed a memorandum of understanding with Siemens and Schlumberger, related to investments in the gas sector.
A statement by the Iraqi Ministry of Oil stated that this step aims to “invest and process associated gas and convert it to electric power generation plants.”
Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani, stressed “the importance of signing the memorandum of understanding to stop burning gas in oil fields and convert it into productive and useful energy to supply electrical power generation stations.”
He said: “The Ministry aims, through this memorandum and the contracts attached to it, to implement the accelerated plan to invest and process quantities of gas from oil fields, thanks to the technology possessed by the two companies.”
For his part, General Manager of Schlumberger Iraq, Wissam Al-Azm, said that “Siemens and Schlumberger” will work to develop appropriate solutions and studies to improve the reality of sustainable energy.
The Undersecretary of the Ministry of Oil for Gas Affairs, Izzat Saber, said earlier, “The Ministry is keen to accelerate the implementation of gas investment projects, stop burning it, and work to transform it into useful energy that supplies electrical power stations and all industries related to it, in line with the government program, And the directives of the Prime Minister, Muhammad Shiaa Al-Sudani, and the Minister of Oil.”
He added, “The gas investment sector is witnessing growth and an increase in the quantities of associated gas investment, as the amount of gas invested has reached more than 1,916 million standard cubic feet per day, which constitutes more than 61 percent of the amount of gas produced, which amounts to 3,120 million standard feet.” Standard cubic meters per day.
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2024-04-04 05:23:41