Reported 1 day ago
Iraq, OPEC’s second-largest oil producer, plans to cut gas flaring to 20% by next year to meet rising demand and reduce imports. The country has captured 67% of the gas produced from oil fields and aims to eliminate wasteful burning by 2029 or early 2030. Despite progress in reducing flaring from 47% in 2021 to about 33% this year, Iraq relies on imports, including those from Iran, and plans to add projects to utilize 290 million cubic feet of gas daily, while also constructing a liquefied natural gas import terminal.
Source: YAHOO