INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Iraq to harness Associated Petroleum Gas to generate electricity

The Iraqi government has launched a project to harness the Associated Petroleum Gas 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
  • 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.