Iraqi-US companies tie-up to harness gas
OIL & GAS

Iraqi-US companies tie-up to harness gas

In a significant move towards sustainable energy practices, Iraqi and US companies have joined forces to sign agreements aimed at capturing and utilising gas for power generation. The agreements mark a pivotal step in Iraq's efforts to reduce gas flaring, a practice that has been a longstanding issue in the country's oil fields. By harnessing the gas instead of burning it off, the initiative not only helps in mitigating environmental degradation but also unlocks economic opportunities through increased energy production.

Through these partnerships, both Iraqi and US companies are set to benefit from the synergies created by leveraging each other's expertise and resources. This collaboration underscores the importance of international cooperation in addressing global energy challenges and advancing towards a more sustainable future.

Furthermore, the initiative aligns with Iraq's broader vision of diversifying its energy portfolio and reducing reliance on conventional fuel sources. By tapping into the abundant natural gas reserves, the country can enhance its energy security while also meeting the growing demand for electricity.

Overall, the partnership between Iraqi and US companies signals a commitment to responsible energy practices and sets a precedent for future collaborations in the global energy sector. As countries worldwide strive to transition towards cleaner energy sources, initiatives like these pave the way for a more sustainable and resilient energy ecosystem.

In a significant move towards sustainable energy practices, Iraqi and US companies have joined forces to sign agreements aimed at capturing and utilising gas for power generation. The agreements mark a pivotal step in Iraq's efforts to reduce gas flaring, a practice that has been a longstanding issue in the country's oil fields. By harnessing the gas instead of burning it off, the initiative not only helps in mitigating environmental degradation but also unlocks economic opportunities through increased energy production. Through these partnerships, both Iraqi and US companies are set to benefit from the synergies created by leveraging each other's expertise and resources. This collaboration underscores the importance of international cooperation in addressing global energy challenges and advancing towards a more sustainable future. Furthermore, the initiative aligns with Iraq's broader vision of diversifying its energy portfolio and reducing reliance on conventional fuel sources. By tapping into the abundant natural gas reserves, the country can enhance its energy security while also meeting the growing demand for electricity. Overall, the partnership between Iraqi and US companies signals a commitment to responsible energy practices and sets a precedent for future collaborations in the global energy sector. As countries worldwide strive to transition towards cleaner energy sources, initiatives like these pave the way for a more sustainable and resilient energy ecosystem.

Next Story
Real Estate

Our goal is to double our GDV within the next three years

A trendsetter in creating iconic destinations with sophisticated design and state-of-the-art amenities such as Signature Island, Signia Isles and Signia Pearl, Mumbai-based Sunteck Realty focuses on a city-centric development portfolio of about 52.5 million sq ft spread across 32 projects. Kamal Khetan, Chairman and Managing Director, Sunteck Realty, shares more on the company’s projects, prospects and plans in conversation with R SRINIVASAN. Excerpts:You have projects in the heart of Mumbai; in the Eastern suburbs as well as Naigaon in the Western suburbs. So how do you ..

Next Story
Infrastructure Transport

Kochi Port Welcomes First LNG-Powered Container Ship

The Vallarpadom Container Terminal at Kochi made history as it "turned green" with the arrival of a 365-meter-long container carrier, the MSC ROSE. This significant event marks the first time a container ship powered by Liquefied Natural Gas (LNG) has docked at the port, ushering in a new era of eco-friendly maritime operations. Captain Bhaskar Kunji, chief pilot of Kochi Port Trust, proudly noted the transition from conventional diesel to LNG, emphasizing its environmental and efficiency benefits. "This is a game changer in the global shipping business," Kunji said. Unlike diesel, LNG is less..

Next Story
Infrastructure Urban

Wheels India Ltd Announces Rs.200 Crore Capex for FY2024

Wheels India Ltd, a prominent manufacturer of steel wheels for various vehicles including trucks, agricultural tractors, passenger vehicles, and construction equipment, has earmarked ?2 billion for capital expenditure in the current financial year. This significant investment will be directed towards enhancing their capabilities in offloading tractors, construction equipment, and cast aluminum machining for windmill casting segments, according to Managing Director Srivats Ram. The announcement comes on the back of a robust financial performance, with Wheels India reporting a 64.3% increase in ..

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram