Negotiations with international companies to invest in gas: Oil Minister

Economy
  • 17-03-2023, 12:00
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    INA-  Baghdad

    Oil Minister Hayan Abdul Ghani inaugurated Friday the first phase of the project to develop the Hammar Musharraf gas compressor station in the Zubair oil field in Basra Governorate, while he revealed negotiations with international companies to invest gas in four fields.

     Abdul Ghani said during the inauguration ceremony of the project, which was attended by the reporter of the Iraqi News Agency (INA), that "the Hammar Musharraf compressor station in the Zubair field is one of 24 gas stations, with a capacity of 35 million standard cubic feet, and today two additional compressors have been added with a capacity of  32 million standard cubic feet per day.

     Abdul Ghani added, "This project will add new quantities of raw gas, including 30 cubic meters of dry gas, 150 tons of liquid gas, and (600) barrels of condensate," noting that "the Basra Gas Company will add five new compressors in the second phase of this project is to raise the production capacity to 147 million standard cubic meters per day.

     He stressed that "these five new compressors increase the ability to invest associated gas and reduce its combustion process in the Zubair oil field, in addition to providing good quantities of dry gas to electric power stations," noting that "this project comes in line with the government program to reduce the rate of burning gas and converting it into clean energy supplies all industries related to fuel with gas, including electric power stations.

     The Minister of Oil revealed that "there are negotiations with a specialized international company to invest in gas from (Majnoon, West Qurna / 2, Al-Luhais, Artawi) fields," expressing his hope "to sign investment contracts in this field soon."