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 GAZPROM AND THE IRAQ

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PostSubject: GAZPROM AND THE IRAQ   Wed Jan 03, 2018 5:41 pm

Gazprom Neft commissions new gas plant in Iraq

Gazprom Neft subsidiary, Gazprom Neft Badra, has launched the commercial operation of a 1.6 billion cubic metres capacity gas processing plant at its Badra field in Iraq.
The Badra oilfield is located in the Wasit Province, Eastern Iraq.
Alexander Novak, Minister of Energy of the Russian Federation, attended the opening ceremony for the new facility, together with the Minister of Oil of the Republic of Iraq, Jabbar al-Luaibi, and Gazprom Neft CEO Alexander Dyukov.
Alexander Dyukov, Gazprom Neft CEO, said: “Gazprom Neft is continuing its development of the Badra field, in strict adherence to the field development plan. Today sees the full-cycle gas plant going into commercial production. This is a unique enterprise for the region, at which Gazprom Neft has, since starting work, been able to monetise all of the hydrocarbons produced here, ensuring associated-petroleum-gas (APG) utilisation of at least 95 percent.”
The gas will be used to meet the Badra project’s own needs as fuel for the gas-turbine power plant. Five gas turbines are able to produce a total 123.5 MW of electric power, supplying oil and gas processing facilities, drilling rigs and oil-producing wells.


Natural gas liquids (NGLs) produced at the Badra project’s gas processing plant will be used to produce LPG to be supplied to the Iraqi state-owned Gas Filling Company. The plant also includes facilities for sulphur production and granulation.

Gazprom Neft’s is the operator of the project and has a 30 per cent stake, Korea’s Kogas has 22.5 per cent, Malaysia’s Petronas’ has 15 per cent and Turkey’s TPAO’s has a 7.5 per cent stake. The Iraqi government, represented by the Iraqi Oil Exploration Company (OEC), has a 25 per cent holding.
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