Investment Opportunity in Ziyen.com, the owner of Rebuilding Iraq

+44(0) 800 772 3004
marketing@ziyen.com

Iraq Begins Gas Production At Nasiriya Oil Field

Gas at the field being produced at a rate of 50 million cubic feet per day

Iraq have began producing gas at a rate of 50 million cubic feet per day from the Nasiriyah oil field located in the south of the country, according to Oil Minister Jabbar al-Luaibi.

This production follows plans announced by the Ministry in December 2017 to increase oil production from 90,000 barrels per day (bpd) to 200,000 bpd without the support of International investors. The development plan also included the use of 50 million cubic feet of gas per day, generated as a by-product of oil production, to supply power stations in the Dhi Qar province. 

With many oil fields in the country lacking the required facilities to capture gas alongside crude oil production, Iraq ha continued to flare much of the gas produced. The country plans to end all gas flaring by 2021, with current flaring estimated to cost the country $2.5 billion in lost revenues per year, according to the World Bank. 

Source: Reuters

Categories

Read more news like this