Barter: Iraqi gas to Kuwait for excess electricity production

2017-02-08


Iraq and Kuwait agreed to swap electricity natural gas during the year. But energy specialists have criticized the oil Ministry to export natural gas at a time Iraq allocates millions of dollars to import natural gas to run the stations.

Mighty oil Minister allaibi has said that encouraging conditions for supplying Kuwait with natural gas, adding that the project will provide Kuwait with 50 million cubic feet per day and then go up to 100 million then to 200 million cubic feet per day.

The Ministry plans to invest oil associated gas to oil operations, that is the end of the year completing 70% of associated gas, investment plans will rise to 90% at the end of the year 2018, 2019, the launch date for the first flame of natural gas in the country.

It is estimated that Iraq possessed stockpiles estimated 112 trillion cubic feet of gas, but 700 million cubic feet of it was burning every day as a result of non-optimal investment over the past decades.

Says Asim Jihad, the oil Ministry spokesman, said the agreement with the Kuwaiti side the raw gas export, which includes providing Kuwait crude gas in excess of the country especially for export infrastructure exist long ago and stopped as a result of past events that occurred between the two countries. "

"Jihad" hope to be agreed during the current year and will start exporting crude gas quantity 50 million cubic feet per day and then go up to 100 million cubic feet and then to 200 million cubic feet.

And an oil Ministry spokesman said that "Iraq's crude gas to Kuwait needs a series of processes and not only after Iraq access to self-sufficiency," pointing out that "the agreement with Iran to import gas them back for MEW to supply power stations."

He said that Iraq currently produces gas and liquid gas condensers, not raw gas which is used in power stations and petrochemical projects. "

In the meantime, Attorney Zaher Al-Abadi, a member of the Parliamentary Committee on oil, gas export agreement for Kuwait by "alsteratigh", stressing that "the Convention serve both countries and is far reaching and will be after completion of Kuwait energy which operates the gas field Saybah in Basra", adding that "Basra too close to Kuwait and its gas export won't cost a lot, especially after the country's self-sufficiency."


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