Iraq signs MoU with German, U.S. companies on associated gas utilization
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
Benedict Cumberbatch looks suave as he joins his co
Benedict Cumberbatch looked suave on Monday at the UK premiere of his upcoming psychological thrille2024-05-22Shanghai industry fair underlines green ways
Visitors admire robots on display at the China International Industry Fair in Shanghai. CHEN MENGZE/2024-05-22Chinese telecom firms urge more cooperation
More than 2,400 exhibitors from the mobile communications industry have showcased the latest technol2024-05-22Hainan eyes bigger role in nation's opening
Construction of the Hainan Free Trade Port is gathering momentum, said a top official of Hainan prov2024-05-22Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
Jessica Biel unveiled a dramatic hair transformation - from chest-length locks to a short bob - on S2024-05-22Proposal urges expansion of market for Xinjiang cotton
To expand the Xinjiang Uygur autonomous region's international market and offset the effects of U.S.2024-05-22
atest comment