Iraq burns $ 5 million a day

Posted: July 7, 2012 in Iraqi Dinar/Politics
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Posted 07/07/2012 08:36 AM

Babinaoz (Reuters) – beyond what is produced from associated gas from oil fields in southern Iraq billion cubic meters of which a third is investing a record amount. The loss of the country by the combustion of the gas of five million dollars a day.

He said the commercial director of Royal Dutch Shell Ali al-Janabi, what results from the three southern oil fields, including Rumaila and West Abu Zubair and the first phase, of about one billion and 100 million standard cubic meters. Aban al-Janabi and that it invests only 400 million standard cubic meters while burning 700 million meters without making use of it.

He said al-Janabi, the burning of 700 million cubic meters means environmental pollution or the equivalent of 400 million tons of carbon dioxide emissions, the equivalent of running three million cars a day, “asserting that” losing Iraq from burning this amount of five million dollars a day. He pointed out that the treatment al-Janabi, the amount burned and $ 700 million standard cubic meters means the possibility of producing 560 million cubic meters of dry gas per day. ,

“Explaining that this amount would be enough to produce nearly four thousand megawatts of electricity, as well as for the production of 700 tons of condensate, in addition to the production of four thousand tons of liquid gas, which is enough to produce 320 thousand cylinders per day.

He revealed that al-Janabi, Shell has invested $ 17 billion gas project associated with the southern oil fields in collaboration with Mitsubishi of Japan and South Gas Company. He pointed out that the quantities of gas produced, whether natural or associated with them will go up to more than five billion standard cubic meters in the coming years after the development of other oil fields in the licensing rounds.

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