Latest news with #Akkas
Al Arabiya
22-07-2025
- Business
- Al Arabiya
Iraq signs contract with Schlumberger to develop production at Akkas gas field
Iraq has signed a contract with US energy company Schlumberger to develop the production at the Iraqi Akkas gas field, the Iraqi oil ministry said on Tuesday.
Iraq Business
09-06-2025
- Business
- Iraq Business
Iraq Expands Gas Projects to Curb Flaring
By John Lee. As part of Iraq's government-backed gas development programme, the Ministry of Oil has reported significant progress in reducing gas flaring and increasing gas utilisation. It says the Ministry has raised associated gas capture from 53% to 70%, and dry gas production from 1,300 to 1,800 million standard cubic feet per day (mmscfd). Key projects already completed or underway include: The government aims to end routine flaring by 2028 and increase gas output to 3,000 mmscfd by 2030, aligning with Iraq's environmental commitments under the 2016 Paris Agreement. In liquefied petroleum gas (LPG), production rose from 2 million tonnes in 2024 to 3 million tonnes in 2025. Exports also surged from 250,000 tonnes in 2023 to 1 million tonnes in 2025. LPG systems were installed in over 41,000 homes and more than 38,000 vehicles. To expand storage capacity, the Ministry completed 8 of 16 spherical LPG tanks, each with a 3,000-cubic-metre capacity, adding 24,000 cubic metres overall. The Ministry reiterated its commitment to maximise national resource utilisation, enhance electricity supply, and boost petrochemical production. Gas field contracts under the 5th and 6th licensing rounds have been awarded to international companies, alongside dozens of investment agreements to develop both associated and free gas resources. (Source: Ministry of Oil) Tags: Akkas, Artawi, ArtawiGas25, Basra Gas Company, Basra News, BGC, carbon emissions, cg, Faihaa, featured, Garraf, gas capture, gas flaring, gas production, Gharaf, Gharraf, HaLFAYA, LPG, Nassiriyah, Paris Agreement, Ratawi, TotalEnergies
