Oil Minister: Draft of the Nahr Bin Umar gas field investment project in Basra completed

INA-  BAGHDAD


Oil Minister Hayyan Abdul Ghani announced on Wednesday the completion of the draft of the Nahr Bin Umar gas field investment project in Basra.
 
A ministry statement received by the Iraqi News Agency (INA) said that "oil minister Hayyan Abdul Ghani chaired a meeting of the opinion committee to discuss the draft of the Nahr Bin Umar gas field investment project in Basra with a capacity of 300 MQM.”
"The meeting witnessed the completion of the draft gas investment project of the Nahr Bin Umar field in Basra governorate, which will be referred to the Ministerial Council of energy, and then to the Cabinet for approval," it added.
 
Abdul Ghani stressed that "the gas investment from the Nahr Bin Umar field is one of the most promising large projects in the field of gas investment, with a capacity of (300 ) MQM, and it will be implemented in two stages with a capacity of ( 150 ) MQM for crude gas, and(150) MQM for acid gas, in addition to the production of large quantities of liquid gas and condensates.
 
He stressed that "this project will be implemented by the investment method (BOOT), and implemented by international companies specialized in this field, and that this project comes within the plans of the government and the ministry to invest gas to enhance national production".
 
For his part, Ministry spokesman Asim Jihad explained that "this project includes the construction of crude gas collection stations with processing units, pipeline networks, reservoirs, water stations, power plants, a platform and an export port," according to the statement. 
 
"The project comes within the direction of the government program that contributes to stopping the burning of gas and environmental pollution, converting it into clean energy, to cover a large part of the local need for dry gas for electric power plants and all industries associated with the use of this type of fuel, in addition to exporting surplus liquid gas and condensate abroad, in order to achieve significant financial revenues to the state treasury," he said.