2024-03-31T12:23:45+00:00
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/ On Sunday, the Iraqi Ministry of Oil signed a memorandum of understanding with Siemens Energy and Schlumberger to invest, process, and stop burning gas in the fields.
Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani, confirmed in a press conference that signing the memorandum of understanding with the two companies comes within the ministry’s accelerated plan to convert gas into productive and useful energy to supply electric power generation stations and the national grid.
The conference came after the signing ceremony of a memorandum of understanding between the Ministry of Oil and Siemens Energy and Schlumberger to invest and process associated gas and convert it to electric power generation plants.
Abdul Ghani said during the conference that the Ministry aims, through this memorandum and the contracts attached to it, to implement the accelerated plan to invest and process gas quantities from oil fields, thanks to the technology possessed by these companies, pointing to the signing of another memorandum by Siemens with the Ministry of Electricity, in support of the energy sector. .
For his part, the Chargé d’Affairs at the German Embassy, Maximilian Rasch, praised the joint cooperation between the two countries, stressing his country’s support for Iraq to improve the energy situation and reduce emissions, expressing his hope to sign more contracts in other fields.
While the director of Siemens Energy Iraq, Muhannad Al-Saffar, said that this memorandum is the beginning of joint cooperation with the ministry to stop burning and processing gas, and employing it for the electric power generation sector, which contributes to achieving energy security in addition to reducing imports and preserving the cleanliness of the environment.
The Undersecretary for Gas Affairs, Izzat Saber, confirmed that the memorandum comes within the Ministry’s endeavor to conclude more contracts to accelerate the investment of all quantities of associated gas from oil fields and process them in cooperation with specialized international companies, to contribute to supporting the electric energy sector, saving financial expenses, and preserving the environment.
The General Manager of Schalminger Iraq, Wissam Al-Azm, said that Siemens and Schlumpinger will work to develop appropriate solutions and studies to improve the reality of sustainable energy using the latest technologies.
For his part, the spokesman for the Ministry of Oil, Assem Jihad, confirmed that the memorandum comes in line with the government program and the Ministry of Oil to accelerate gas investment and increase national production, within a pivotal plan towards enhancing energy security, reducing operational expenses and benefiting from gas resources, to supply electric power stations and all industries related to it. Pointing out that these projects constitute decisive progress in Iraq’s journey towards sustainable energy.
Government Information and Communications Office
31- March-2024