16 February, 2020

Iraq plans to tap associated gas in border fields to generate electricity

Project to target common oil fields shared with Iran and Kuwait

Electricity pylons carrying power from Koeberg nuclear power plant are seen in Cape Town, South Africa July 11, 2018. Image used for illustrative purposes.

Electricity pylons carrying power from Koeberg nuclear power plant are seen in Cape Town, South Africa July 11, 2018. Image used for illustrative purposes.

REUTERS/Sumaya Hisham

Iraq is planning to exploit associated gas at its border oil fields with Iran and Kuwait to generate electricity, a government official said.

Mudher Mohammed Saleh, the financial advisor to the Iraqi government, told Zawya Projects that the plan is to tap the associated gas, which is otherwise flared, to generate electricity.

He said the plan would allow optimal utilisation of associated gas instead of burning it, which is an economic loss and also pollutes the environment.

He said the project could be completed over two years from the start of construction, adding that past consultations with Kuwait and Iran have indicated a willingness on their part to work with Iraq on these fields.

(Reporting by Majda Muhsen; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© Thomson Reuters Projects News 2020