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Iraq currently imports 2 billion cubic basic feet to satisfy domestic requirements. The task entails developing a gas complex efficient in separating and processing the gas connected with petroleum that is extracted from the Ratawi, West Qurna 2, Majnoon, Tuba and Luhais oil fields. A Good Read does not have the methods to catch this gas and it is burnt in the environment.

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As soon as processed, the gas can be fed to power plants to meet domestic electricity requirements. Story continues, Iraq has said it prepares to get rid of gas flaring in the next two to three years. The World Bank approximates Iraq flares around 16 billion cubic meters of gas each day. But market officials and technocrats inside the Oil Ministry said even more immediate for the well being of Iraq's oil market was the seawater development element of the bundle of offers.

To keep current production rates and fulfill future targets, water is reinjected into the field to maintain well pressure. Authorities state the finalizing of the deal was pushed ahead by Prime Minister Mustafa al-Kadhimi ahead of national elections next month regardless of reservations from ministry technocrats who harbor doubts that Total is major about performing the seawater aspect."The Oil Ministry and the (state-owned) Basra Oil Business have doubts that Total is serious about the seawater job.

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An official with BOC expressed the same issue. They spoke on condition of anonymity since they were not licensed to inform the press. Industry and ministry officials have actually cautioned that appropriate water materials for reinjection is not guaranteed in the middle of lacks and there is no other alternative in place. The contracts with Overall mirrors another multi-project deal that had been under negotiation for many years with U.S.

But following years of painstaking talks the deal failed. The Overall offer also comes as other oil business prepare their exit from Iraq. Exxon revealed this year it would be selling its shares from West Qurna 1 oil field. The oil minister has also said that British Petroleum will spin off development of the Rumaila oil field, the nation's largest.