BAGHDAD, March 31 (Xinhua) -- The Iraqi Oil Ministry on Sunday signed a memorandum of understanding (MoU) with the German Siemens and the U.S. Schlumberger companies on the utilization of associated gas in the Iraqi oil fields.
During the signing ceremony, Iraqi Oil Minister Hayan Abdul Ghani said that the MoU is consistent with the ministry's plan to utilize associated gas for electricity production, according to a ministry statement.
"Through this memorandum and the attached contracts, the ministry aims to implement its plan to benefit from associated gas by taking advantage of the technology of these companies," the statement quoted the minister as saying.
With 132 trillion cubic feet of proven natural gas reserves, Iraq is committed to harnessing its gas resources to address critical needs, particularly in electricity generation.
(Editor:Fu Bo)
Related articles:
Related suggestion:
Shadow play introduced via online liveShanghai, Beijing, other cities improve foreigners' payment serviceInternational hot air balloons festival opens in GansuMore international flights for summer seasonVillagers rehearse dragon and lion dance in Andi Village, ShanxiPeople shop for decorations for upcoming Halloween in Ontario, CanadaXi'an to host Digital Silk Road Development ForumSilk Road film festival opens in NW ChinaLight decorations for upcoming Spring Festival in Xi'anChina's booming online audio and video industry tops 1 billion users
0.1233s , 6495.1328125 kb
Copyright © 2024 Powered by Iraq signs MoU with German, U.S. companies on associated gas utilization ,Planet Perspective news portal