Iraqi Oil is counting on new projects, contracts and licensing rounds to supplement gas production

by times news cr

2024-03-26T10:17:30+00:00

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/ Undersecretary of the Ministry of Oil for Gas Affairs, Izzat Saber, stressed on Tuesday the importance of accelerating the implementation of plans for optimal investment of gas wealth within the government program that aims to maximize national production, stop burning gas and transform it into useful energy to supply and meet the needs of the electricity sector and industries related to its consumption.

This came while he chaired a meeting to discuss the five-year plan for the gas sector, which included companies specialized in gas affairs and relevant departments at the Ministry’s headquarters, according to a statement issued by the Ministry of Oil today.

The statement quoted Saber as saying: The gas sector is witnessing great development to transform associated gas into useful energy, adding that the ministry has previously contracted with specialized international companies to invest gas from all promising oil fields.

He pointed out that these projects are under implementation to implement their plans and programs to gradually supply the national production with new quantities, including the Halfaya, Nasiriyah, Al-Gharraf and Basra gas projects, in addition to new contracts with Total and the gas investment project in the Nahran Bin Omar field, in addition to the fifth and fifth licensing rounds. “Appendix And the sixth, expressing his hope that it will add large quantities to national production.

The meeting included a discussion of the five-year plans, development and investment programs for the projects of the Basra Gas Company and the South Gas Company, and the fields of licensing rounds.

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