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Iraq achieves unprecedented increase in crude gas investments

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Iraq achieves unprecedented increase in crude gas investments

Unread postby admin » Mon Jan 01, 2018 9:36 am

Iraq achieves unprecedented increase in crude gas investments

2018/1/1 15:14

Iraq achieves unprecedented increase in crude gas investments

[Ayna-Baghdad]
Oil Minister Jabbar al-Allaibi announced an unprecedented increase in the investment of raw gas in the project of the Gas Company of Basra by 80 percent, noting that another increase was achieved in the investment of raw gas from the fields of the South Gas.
"We have achieved an unprecedented increasein the investment of crude gas associated with oil operations in the Basrah gas project by up to 80 percent in early January of the new year 2018, compared to the same month of 2017," Al-Allaibi said in a press statement.
" We have reached the investment capacity of the project to the rate of 900 million standard cubic feet [Mqmq] per day , " pointing to achieve a further increase in the crude gas investment from the South Gas Company and Missan oil fields up to a rate of 230 million cubic feet a record day. "
He said the Minister "This great achievement will enhance the country's capabilities in the export of liquid gas and natural gasoline, maximize sustainable development and increase investor confidence in petrochemical and fertilizer projects because of the stability in the abundance of raw material for these industries, which is refined gas." Al-
Laibi praised the support of Prime Minister Haider al-Abadi for efforts Employees in The oil sector who continue day and night in order to optimize the investment of national wealth, maintain and increase production and work to maximize revenue from them, confederate national government and the Iraqi people to move forward to achieve other achievements during the New Year. "
The Basrah Gas Company, established in May 2013, is one of the largest gas production companies in Iraq, producing enough gas to generate electricity for more than 17 million Iraqi families, consisting of the South Gas Company, the main shareholder, Shell and Mitsubishi, 5500 Iraqi employees.

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