To reduce dependence on Iran, Iraq launches a project to invest...

To reduce dependence on Iran, Iraq launches a project to invest...
To reduce dependence on Iran, Iraq launches a project to invest...
Today, Sunday, the Iraqi Ministry of Oil announced the launch of a major project to invest associated gas with oil, in the fields of Nasiriyah and Al-Gharraf, in Dhi Qar Governorate.

The gas investment projects come within an Iraqi plan launched by Prime Minister Mustafa Al-Kazemi, to reduce dependence on gas imported from Iran, with the aim of operating electrical stations.

The Iraqi Oil Minister, Ihsan Abdul-Jabbar, said that “after waiting for more than three years of continuous work for the south gas, the gas investment project was launched in the fields of Nasiriyah and Al-Gharraf, which is an important economic step.”

In his speech during the launch of the project, he added, “The gas investment projects will contribute to the development and provision of job opportunities, and they are among the sustainable development projects and the investment of Iraqi energies, as well as the multiple sources of revenue for the public budget.”

The Iraqi Oil Minister indicated that “the government has supported all oil projects,” noting that “the gas investment project in the two fields was supposed to be launched in 2018, but it was delayed until today, so we need to continue working.”

Abdul-Jabbar added, “The government is fully prepared to provide all facilities.”

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While Iraq pays large sums to import natural gas from Iran, it burns 10 times the quantities it imports from it, according to the Washington Institute for Near East Policy, with a waste of up to 2.5 billion dollars annually.

Estimates indicate that Iraq loses large amounts of gas through burning gas, which may reach 5 billion dollars annually, as well as wasting nearly two billion dollars in purchasing liquid fuels running for power plants, due to the scarcity of gas in the country.

The amount of electrical production in Iraq ranges between 18.5 and 19 thousand megawatts, according to official data, while the actual need reaches 28 thousand megawatts.

The Iraqis are living under the impact of a stifling energy supply crisis, the severity of which has escalated during the past days, following the decrease in the quantities of gas imported from Iran, without announcing the real reasons behind this.

In early September, the Iraqi government signed a huge contract with the French company Total, which included the construction of a gas complex with a capacity of 600 million standard square feet, for the purpose of investing gas burned from oil fields; This will reduce gas imports.

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