Newswire – TotalEnergies SE, Basra Oil Company and QatarEnergy broke ground on a $250 million project to capture gas from the Ratawi oil field in Southern Iraq.
The planned facility — which will feed power stations in the region — will process 50 million cubic feet per day of gas that was previously flared, the French energy major said in a statement Friday. It will cover demand for about 200,000 households in the Basra region.
Iraq has among the world’s largest rates of flaring, a process that wastes excess gas by burning it in the air instead of capturing it for use in industries like power generation.
The facility is part of the so-called $10 billion gas growth integrated project. It includes a large-scale gas processing plant, which aims to recover gas flared on three oil fields and supply it to power plants, the redevelopment of the Ratawi field, and the construction of large solar farm and seawater treatment plant.
*Francois de Beaupuy – Bloomberg
