Abdul-Mahdi: Iraq is preparing to export the surplus of gasoline and natural gas liquid

Published in: 16:01, March 16, 2016

Opinion economy

Oil Minister Adel Abdul-Mahdi, Wednesday, that Iraq is preparing to export the surplus of natural gas, gasoline liquid to the outside, and at the time, who pointed out that Iraq is ranked 11th in the world in gas reserves, confirmed that the first licensing rounds, companies not required to extract the associated gas.

Abdul-Mahdi said in a statement received (Opinion International) a copy of the "Iraq ranks 11-12 in a global gas reserves amounting to 131 trillion cubic feet," expected to "up to fifth place in these reserves in the event of the completion of the private gas explorations."

He said Abdul-Mahdi said "Iraq gets gas from two gas associated with the oil, which constitutes 75% and by 98.3 trillion cubic feet and the second is the free gas, which constitutes 25% and by 32.7 trillion cubic feet," noting that "gas is the least harmful among energy sources traditional on the environment. "

He stressed Abdul-Mahdi, "The first licensing contracts rounds that included Rumaila, Zubair, West Qurna 1, Maysan not oblige contracting extraction of associated gas companies, but the tour only the second licensing, while allocated the third round to give the free fields as in the Akkas and Mansuriyah and Siba."

He pointed out Abdul-Mahdi, that "address the shortage in the first round of licensing, founded the Basra Gas Company in 2012, where he owned South Oil Company (Basra) 51% of its shares, while Shell and Metsobuchi owns 49% remaining," explaining that "the company is preparing these days to export surplus for domestic consumption of natural gas, and liquid gas, and thus enter Iraq for the first time in a growing and sustainable club of gas exporting countries. "

He said Abdul-Mahdi said "associated natural gas investment ratio reached in 2015 to 50% of the produced quantities amounting to 3,000 million cubic feet per day," pointing out that "a number of power stations that operate or can operate 25 dry gas station."

According to preliminary estimates that Iraq possessed stockpiles estimated at 112 trillion cubic feet of gas, but the 700 million cubic feet of it was burning day and wasted due to lack of infrastructure to deal with it.

Iraq and solve the eleventh ranked among the world's rich natural gas after Russia and Iran, Qatar, Saudi Arabia and the United Arab Emirates and the United States, Nigeria, Venezuela, Algeria, and proven reserves of which about 112 trillion cubic feet. is over