Latest news with #Kirkuk
Zawya
a day ago
- Business
- Zawya
Gas development projects to save Iraq $17bln
Gas development projects awarded to BP, TotalEnergies and other oil majors will save Iraq nearly $17 billion per year, an official revealed. The funds will be saved as such projects will massively reduce quantities of gas flared during the production process at key oilfields. 'Iraq has made noticeable progress in reducing gas flaring and turn produced gas into an efficient investment…this will contributes to saving nearly $17 billion a year, improving the environment and creating jobs for Iraqis,' Oil Ministry undersecretary for gas Izzat Ismail said, quoting by the official Iraqi News Agency on Thursday. He said the gas investment ratio increased to 53 percent in 2022, nearly 60 percent in 2023 and 68 percent in 2024, adding that the ratio currently stands at 70 percent. Ismail said the ratio is set to sharply increase in the coming years when major gas development projects are completed, mainly those executed by France's energy giant TotalEnergies and UK-headquartered BP. TotalEnergies has already started working on a project to develop the Artawi gas field in the Southern Basra province, with an expected production of 600 million cubic feet per day. The project, part of the $10 billion Gas Growth Integrated Project (GGIP), is being developed by a consortium led by TotalEnergies, which holds a 45 percent stake. It also includes Basrah Oil Company (30 percent) and QatarEnergy (25 percent). BP is developing four fields in the Northern Kirkuk governorate under an agreement it signed with Iraq in March. The Oil Ministry has said the contract with BP includes increasing oil production to a record high of 420,000 barrels per day, boosting gas output to 400 million cubic feet per day and the construction of a 400-megawatt (MW) power plant. 'We believe that by the end of 2027, Iraq will totally shut the gas-flaring the next five years, Iraq's gas imports will be zero and in 2030 it will be able to export gas,' Ismail said. Iraq, OPEC's second largest oil producer, controls around 145 billion of proven crude deposits and 3.5 trillion cubic metres of natural gas. (Writing by Nadim Kawach; Editing by Anoop Menon) (
Reuters
02-06-2025
- Business
- Reuters
Fire at Iraqi domestic gas pipeline contained, oil ministry says
BAGHDAD, June 2 (Reuters) - A fire that erupted at a pipeline carrying gas from Iraq's northern Kirkuk oilfields to power stations was contained, Iraq's oil ministry said in a statement on Monday. No casualties were recorded, the ministry said, citing the state-run North Oil Co, which manages the northern oil and gas fields. An explosion and fire earlier disabled the pipeline, two energy sector sources said. An official at the state-run North Gas Co said that an initial inspection showed that cracks in a section of the pipeline, caused by corrosion, led to the blast, which took place around 55 km (35 miles) west of Kirkuk. 'Gas leak caused blast and fire that halted gas flow through a domestic pipeline transporting gas to power stations in Baiji,' the official said. Another North Gas official said that technical teams rushed to the area to fix the damaged section, and the gas flow was shut down to facilitate the repairs. Repairing the damaged part could take two days, he said.
Zawya
19-05-2025
- Business
- Zawya
Iraq revives 5 idle oil wells
A production boost of nearly 2,500 barrels per day (bpd) in the northern Jambur oil field in Kirkuk has been achieved through the rehabilitation of five previously idle wells, Iraq's North Oil Company has announced. In a statement, the company announced that wells 27, 42, 23, 20, and 69 were successfully brought back online after a series of technical inspections and operational adjustments to clear blockages and reopen valves. "The process was completed smoothly, in full compliance with the highest safety and quality standards,' it said. The statement said that the reactivated wells will contribute an additional 2,500 bpd to the field's output, significantly enhancing its overall production capacity. The Jambur North field produces between 10,000 and 15,000 bpd, though output levels fluctuate depending on operational conditions and the number of active wells. (Writing by Nadim Kawach; Editing by Anoop Menon) (
Time of India
03-05-2025
- Time of India
Barton Hill Govt Engineering College lab gutted in fire
Thiruvananthapuram: A major fire erupted in the lab of Barton Hill Govt Engineering College in the early hours of Saturday. According to the police, from the preliminary findings, a short circuit was identified as the cause of the fire. A team of forensic and scientific experts conducted an inspection on Saturday. College principal Bijulal D said that equipment worth Rs 30 lakh was completely gutted in the fire. The fire was first noticed at around 12:30am by people residing near the college as huge explosions were heard from far away. Soon, the Museum police were alerted, as well as the fire force. It took an hour to extinguish the fire, in the meantime the entire lab was gutted. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kirkuk: AI guru Andrew Ng recommends: Read These 5 Books And Turn Your Life Aroun... Blinkist: Andrew Ng's Reading List Undo "The fire broke out on the first floor of the EC and IT block, and the exact gravity of the damage is yet to be assessed," said Biju Lal. From the preliminary inspection, the police found that the fire erupted from the batteries and UPSs, which were kept in the corridor and it spread to the lab. The Museum police registered a case under section 306 (1) (c) (FA) of the Police Standing Order for fire occurrence and began a probe.
