Baghdad (IraqiNews.com) – The Iraqi cabinet approved an important step related to the development of the natural gas sector in the country, as a project to develop the Nahr Bin Omar oil and gas field will be carried out.
The step follows an agreement concluded between the South Gas Company, one of the companies of the Iraqi Oil Ministry, and the Halfaya Gas Company, which is part of the Raban Al-Safina Group, a leading Iraqi developer in the energy, oil, and gas sectors.
As the government is actively seeking to attract investments to develop the natural gas sector in the country, it puts natural gas among the top priorities of the government program.
The Nahr Bin Omar oil and gas field is one of the strategic fields in the southern Iraqi governorate of Basra. The project will handle more than 300 million standard cubic feet of gas each day, helping to fulfill energy demands and promote environmental sustainability.
The project will also contribute to reducing carbon emissions by more than 8 million tons annually.
The project includes the construction of operating facilities to collect and compress the associated gas produced in the Nahr Bin Omar field, central gas processing facilities, connecting pipelines, and marine export facilities to export oil products to global markets.
Read More: Baghdad approves Nahr Bin Omar gas field development project