(Mr Asri Mousa was one of the main Iraqi negotiators of the south gas utilization project with Royal Dutch Shell and Mitsubishi Corp between 2008 and 2011) Iraq has been, since 2008, negotiating with Royal Dutch Shell to establish a joint gas company to capture flared gas from three giant oil fields in the province of Basra. The joint venture is based on a proposal by Iraq to create a…
Tag: gas flaring
Basrah Gas Co
The Basra Gas Company project is a great milestone to Iraq’s gas industry and a remarkable achievement for the country in its endeavor to monetize its natural resources. The utilization of associated gas is a huge challenge to the oil industry and many oil-producing countries worldwide. Russia, a leading world gas producer and exporter, flares 3500 million cubic feet of associated gas daily, about five times the amounts Iraq is…
Gas Fields Auction
After two delayed dates and three model contracts issued, one of which was withdrawn, Iraq has finally awarded its three gas fields of Akkas, Mansuriah and Siba to small oil companies pushing for a foot in Iraq’s energy sector. Having pre-qualified 13 companies, including France’s Total, Italy’s ENI and Norway’s Statoil, only five companies finally made it to Baghdad on Oct. 20th to participate in Iraq’s 3rd bid round in…
Gas Exploration, A Government Priority?
As Iraq’s third bid round for gas field development drags on, mired by successive delays, with no viable commercial structure in the draft model contract and confusion over the utilization of gas to be produced, Iraq’s next government is better off focusing on increasing Iraq’s gas reserves by launching an exploration drive to find new gas resources and develop them. Iraq has 65 defined exploration blocks on its maps, the…