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Iraq exports 9 natural gas condensates shipments and 21 liquid gas shipments in Q1

Iraq started exports of natural gas extracted alongside crude oil at its fields in the southern region in 2016.


Reuters 10 Apr 2018, 09:59 AM Iraq
  • Iraq recently announced plans to award oil and gas exploration and development contracts in 11 new blocks on April 15. (Image Credit: Pxhere)

Iraq exported nine shipments of natural gas condensates and 21 shipments of gas liquids in the first quarter of the year, the oil ministry reported on Tuesday.

Iraq started exports of natural gas extracted alongside crude oil at its fields in the southern region in 2016.

The gas is processed and exported by the Basrah Gas Company, a joint venture between state-owned South Gas Company, Shell and Mitsubishi.

Basrah Gas is helping Iraq reduce flaring gas associated with oil. Iraq plans to stop flaring by 2021 and is building facilities to process gas captured at its fields into fuel for local consumption or export. Gas flaring costs nearly USD 2.5 billion in lost revenue for the government and would be sufficient to meet most gas‐based power generation needs, according to the World Bank.

Iraq recently announced plans to award oil and gas exploration and development contracts in 11 new blocks on April 15, oil ministry spokesman Asim Jihad said.

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