Iraq’s oil minister has said the country will construct three new processing plants to enable it to store more gas and reduce flaring, according to a new report.
Iraq, Opec’s second largest crude producer, has to flare off some of the gas it produces due to a shortfall in facilities which can capture and turn it into fuel for commercial use.
The country currently has just one processing company and will need more facilities to meet its target of tripling natural gas production to 1.700million cubic feet per day by 2018.
“The ministry is seeking to end the flaring of associated gas in the next few years, despite the economic and financial challenges,” Oil Minister Jabar al-Luaibi told Reuters in an emailed statement.
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