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The Signature of the Gas Investment Contract of Nasiriya & Gharraf Fields

Source: www.gulfoilandgas.com 8/2/2018, Location: Middle East

Mr. Jabbar Ali Al-Luiebi the minister of oil declared the initiation of investment operations of the flare gas of Gharraf & Nasiriya fields in Thi-Qar governorate.

That was during the ceremony of the contract signature to invest the gas with Baker Hughes & General Electric companies.

Mr. Al-Luiebi said that the invested power of flare gas which is associated with the extraction operations from Nasiriya will be (200) Mscf/d. the project will provide also (1000) tons of liquid gas and (900) m3 of condensed gas.

Mr. Al-Luiebi said also that the project will provide (500) jobs for the citizens of the governorate. The company will also build a residential complex for the workers, in addition to the services to the governorate. He said also that the gas production will continue to provide the dry gas for the power stations to stop wasting the gas and reduce the environmental pollution, according to the plan of the ministry to stop the gas flaring until 2022. As well as to invest the gas from the fields of Thi-Qar, Maysan and some fields of Basrah perfectly.

It is worthy to say that the ministry of oil have signed the initial contract form during April 2018 with Baker Hughes and General Electric to invest the flare gas of Gharraf and Nasiriya fields in Thi-Qar governorate.

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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