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Iraq currently imports 2 billion cubic basic feet to meet domestic needs. The job requires developing a gas complex capable of separating and processing the natural gas associated with petroleum that is extracted from the Ratawi, West Qurna 2, Majnoon, Tuba and Luhais oil fields. Iraq presently does not have the ways to catch this gas and it is burnt in the environment.

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When processed, the gas can be fed to power plants to fulfill domestic electrical power needs. Story continues, Iraq has stated it plans to eliminate gas flaring in the next 2 to 3 years. The World Bank estimates Iraq flares around 16 billion cubic meters of gas daily. But market officials and technocrats inside the Oil Ministry said far more urgent for the well being of Iraq's oil market was the seawater development element of the plan of offers.

To keep current production rates and fulfill future targets, water is reinjected into the field to maintain well pressure. Authorities say the signing of the deal was pushed ahead by Prime Minister Mustafa al-Kadhimi ahead of national elections next month in spite of reservations from ministry technocrats who harbor doubts that Overall is serious about carrying out the seawater component."The Oil Ministry and the (state-owned) Basra Oil Company have doubts that Overall is severe about the seawater task.

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An official with BOC revealed the same issue. They spoke on condition of anonymity since they were not authorized to inform the press. Market and ministry authorities have alerted that sufficient water supplies for reinjection is not ensured in the middle of lacks and there is no other alternative in place. The agreements with Overall mirrors another multi-project offer that had actually been under negotiation for many years with U.S.

But following years of painstaking talks the deal failed.  Another Point of View  comes as other oil business prepare their exit from Iraq. Exxon announced this year it would be offering its shares from West Qurna 1 oil field. The oil minister has also stated that British Petroleum will spin off advancement of the Rumaila oil field, the nation's largest.