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The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

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Total income rises by 12 percent, operating profit up 13%.

Iraq to harness Associated Petroleum Gas to generate electricity

  • The project's principal advisor Mounir Bouaziz said that the field's production capacity is scheduled to range from 400,000 to 500,000 barrels of light oil per day
  • Once completed, the project will eliminate the need for import of a significant portion of gas while also meeting the requirements for operating electric power plants

Baghdad, Iraq – The Iraqi government has launched a project to harness the Associated Petroleum Gas (APG) from the Bin Omar field, an oil reserve located in the Basra Governorate, for generation of electricity. 

The project’s principal advisor Mounir Bouaziz said that the field’s production capacity is scheduled to range from 400,000 to 500,000 barrels of light oil per day. He noted that the project includes integrated gas processing in the field and the production of 150 million cubic feet of raw gas per day in the first phase to reach 300 million cubic feet per day at the end of the project.

Bouaziz added that 120 million cubic feet will be allocated for the production of electric power, noting that Iraq currently produces about 1,300 million standard cubic feet of gas, and imports about 750 to 1,000 million standard cubic feet from neighboring countries.

He explained that once completed, the project will eliminate the need for import of a significant portion of gas while also meeting the requirements for operating electric power plants.