Russian firm starts Iraq LPG production
Gazprom Neft, the oil arm of Russian gas giant Gazprom, has started test production of LPG in Iraq.
According to Reuters it has started work at the Badra oil field near the Iraq/Iran border. Gazprom Neft said full-scale commercial operations at the gas plant are due to start in the fourth quarter this year. The complex will be able to process 1.6 billion cubic meters of gas per year.
The Badra oil field has estimated reserves of more than three billion barrels of oil.
Gazprom Neft Badra, has been established, representing the interests of the international consortium comprising Gazprom Neft (Russia), KOGAS (Korea), Petronas (Malaysia), TPAO (Turkey), and the Iraqi Government. The project is scheduled for 20 years.
The development of production comes after Gazpron Neft Badra conducted three surveys: seismology, petrophysics and geology, development.
Among the researches were experts from other Gazprom Neft projects, as well as from outside of the company – Deputy DG for geology and development of Zarubezhneft company Igor Afanasiev, Yamal project Executive Director Rinat Bakhitov, Deputy DG and Chief Geologist of Gazprom Neft Shelf Oleg Morozov and others.
The development comes as it was revealed earlier this year that Iraq plans to triple LPG production
South Gas director general Ihsan Abdul Jabbar told Reuters that LPG exports are set to increase to 100,000 tonnes this year, from 30,000 tonnes in 2016.