By John Lee. Iraq reportedly plans to invest $3 billion annually to transition from burning liquids to burning natural gas in its power plants. Deputy Prime Minister and Finance Minister, Ali Allawi (pictured), told the Middle East Green Initiative Forum in Saudi Arabia that Iraq will also end gas flaring by 2025. He also recommitted […]
Tag Archives | flaring
Tags: Ali Allawi, climate change, CO2 emissions, Electricity In Iraq, featured, flaring, Middle East Green Initiative Forum, Saudi Arabia
Shell "in talks" to boost Iraq's Gas Production
By John Lee. Shell is reported to be in talks with Iraq to boost Basra Gas Company's capacity. According to S&P Global Platts, BGC is planning to increase capacity for gas production from 1 billion cubic feet per day (Bcf/d) now to 1.4 Bcf/d in two years; discussions with Shell could see that increase further […]
Baker Hughes to help Capture Gas at Iraq's Southern Oil Fields
By John Lee. Iraq's South Gas Company (SGC) has announced a project to capture gas at the Nasiriyah and Garraf [Gharraf] oil fields, in partnership with the American company Baker Hughes. Instead of flaring, the gas will be used to increase electricity generation, while reducing the environmental impact of oil production. The project will also […]
Iraqi Cabinet Approves TotalEnergies' Projects
By John Lee. The Iraqi cabinet has approved the agreement between the Ministry of Oil and French company TotalEnergies to implement four major energy projects in the country: Plants to collect and refine associated natural gas at the fields of Artawi [Ratawi], West Qurna 2, Majnoon, Tuba [Subba] and Lahais [Luhais]. This will include a […]
Tags: Artawi, Common Seawater Supply Facility (CSSF), Common Seawater Supply Project (CSSP), desalination, featured, flaring, France, gas capture, Luhais, Majnoon, mn, Ratawi, renewable energy, solar power, Subba, Total, TotalEnergies, Tuba, West Qurna 2
Iraq Borrows $360m to Reduce Gas Flaring
The International Finance Corporation (IFC), a member of the World Bank Group, is investing in Basrah Gas Company (BGC) to support one of the largest gas flaring reduction projects in the world, helping to improve energy access, prevent associated greenhouse gas (GHG) emissions and support a more resilient, sustainable energy sector in Iraq. BGC is […]
Tags: Bank of China, Basra Gas Company, BGC, China, Citibank, Citigroup, Deutsche Bank, featured, flaring, France, germany, Industrial Commercial Bank of China, International Finance Corporation (IFC), Japan, Mitsui, mn, Natixis, Societe General, Standard Chartered, Standard Chartered Bank, Sumitomo, Sumitomo Mitsui Banking, United Kingdom, World Bank
Iraq to Exploit Massive Natural Gas Reserves
Iraq Moves To Exploit Its Massive Natural Gas Reserves Writing in Oil Price, Simon Watkins says that despite Iraq's huge potential gas resources, it has made little progress on developing this potential either for associated or non-associated gas. But last week, a heads-of-agreement deal was announced with Total, to work jointly on four major projects […]
Iraq signs 4 Major Energy Deals with Total
By John Lee. Iraq's Ministry of Oil has signed an agreement of principles with the French company Total for four major energy projects in the country: Plants to collect and refine associated natural gas at the fields of Artawi [Ratawi], West Qurna 2, Majnoon, Tuba [Subba] and Lahais [Luhais]. This will include a Central Gas […]
Tags: Artawi, Common Seawater Supply Facility (CSSF), Common Seawater Supply Project (CSSP), desalination, featured, flaring, France, gas capture, Luhais, Majnoon, mn, Ratawi, renewable energy, solar power, Subba, Total, Tuba, West Qurna 2
DNO Starts Gas Capture in Kurdistan
DNO ASA, the Norwegian oil and gas operator, today announced that the USD 110 million Peshkabir Gas Capture and Injection Project in its Tawke license in the Kurdistan region of Iraq is onstream and has reached the one billion cubic feet of gas injection milestone. The project is expected to reduce annual emissions from the […]
$8bn New Iraqi Energy Agreements with US Firms
The following commercial agreements worth as much as $8 billion were reached during a signing ceremony between U.S. energy companies and the Government of Iraq on August 19, 2020: Honeywell and the Ministry of Oil agreed to advance the development of the Ar Ratawi [Artawi] gas project, which will further enable Iraq to capture, process, and […]
Tags: Artawi, Baker Hughes, Chevron, Dhi Qar, exploration, featured, flaring, gas capture, General Electric, Honeywell, mn, Ratawi, Samawah, Stellar Energy, United States
Shamara to provide Power for Basra Gas Plant
By John Lee. The Basrah Gas Company (BGC) and Shamara Holding have reportedly signed a contract under which Shamara will supply electricity to the Basra Natural Gas plant. According to The National, the contract will enable the plant to process by-product gas that would other wise be flared from the Rumaila, Zubair and West Qurna-1 […]
Tags: Basra Gas Company, BGC, featured, flaring, mn, Natural Gas, Rumaila, Shamara Holding, West Qurna Oilfield News, Zubair
Iraq signs Gas Processing Deal with Honeywell
By John Lee. US-based Honeywell has signed a memorandum of understanding (MoU) with the South Gas Company (SGC) to process 300 million cubic meters of gas per day from the Artawi field in southern Iraq. (Source: Oil Ministry)
Basrah Gas Company to Increase Capacity by 40%
By John Lee. Shell has reportedly announced that the Basrah Gas Company (BGC) has taken a "final investment decision (FID)" on its growth programme, which will increase BGC’s capacity by 40 percent. According to Oil and Gas Middle East, the decision was taken with the support of all BGC's shareholders: South Gas Company (SOC), Shell […]