South Gas Company to Produce 2bn Cubic Feet in 2013

Iraq’s state-run South Gas Company says its output will exceed 2 billion cubic feet by 2013, according to a report from Azzaman.

The company’s director-general, Hussein Khudhair, said in a statement that “once the projects under construction are completed, the production will be in huge quantities surpassing two billion cubic meters”.

He said “gigantic projects” were being implemented and the company plans to add 5,000 more employees to its payroll.

Basra holds up to 70 percent of the country’s oil reserves, and is also home to the state-owned Basra Gas Company.

It is estimated that the three fields of Rumaila, Zubair and West Qurna together flare off more than 874 million cubic feet of gas a day.

Iraq’s proven natural gas reserves are estimated at 110 trillion cubic feet but oil ministry officials say there are another 150 trillion in probable reserves.

(Source: Azzaman)

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