The Undersecretary of the Ministry of Oil for Gas Affairs, Mr. Ezzat Saber, stressed the ministry's keenness to increase gas investment rates at a speed that achieves the strategic goals of the government and the ministry, in support of the economy and reducing emissions. This came during his chairmanship of the gas investment projects meeting.
The Undersecretary stressed the importance of diligent follow-up to increase dry gas production rates through gas investment projects in the Akkas and Mansouriya fields, to cover the needs of power generation stations with gas fuel.
The meeting agenda included discussing the Basra Gas Investment Project, Phase II, with a capacity of 200 MCM per day, the gas investment project in the Nasiriyah and Gharraf fields with a capacity of 200 MCM per day, and the gas investment project in the Faiha field with a capacity of 130 MCM per day.
The issue of increasing the storage capacities of liquefied gas, which witnessed an increase in production rates that exceeded the actual need for local consumption, was also discussed, and the ministry's export of the surplus to increase financial revenues to the federal treasury.
The meeting was attended by the general managers of companies and departments in the ministry.