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    Iraq Considers Gas Capture Projects at Missan

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Summary

Following the signing of the gas deal with Shell and Mitsubishi, the Iraqi Oil Ministry is considering exploiting flared gas at other oilfields, including in Missan.

by: Shardul

Posted in:

Asia/Oceania

Iraq Considers Gas Capture Projects at Missan

Following the signing of the gas deal with Shell and Mitsubishi, the Iraqi Oil Ministry is considering exploiting flared gas at other oilfields, including in Missan.

The Minister of Oil, Abdul Karim Luaibi said that the Iraqi government is considering projects similar to the Basrah Gas Company.

Iraq is losing a billion cubic feet of gas per day, mostly in the south. The gas is being burnt off in great burning flares as Iraq’s antebellum hydrocarbon infrastructure cannot exploit the gas.

The gas produced is intended to be used in the local market to meet the growing demand for electricity and there is high possibility to export the surplus, with the Basra Gas Company is looking to spend more than $4 billion USD on a liquid natural gas export facility.