Iraq’s South Gas Company, Halfaya Gas Company sign deal to develop gas field
Gas flare burning in the Zubair-1 storage zone of the Zubair oilfield, southwest of Basra in southern Iraq. Photo: AFP
Basra (IraqiNews.com) – A 150 million standard cubic foot per day gas processing and development deal was signed between Iraq’s South Gas Company, a subsidiary of the Iraqi Ministry of Oil, and Halfaya Gas Company for the Nahr Bin Umar field.
The field is situated in Basra’s southern region.
Build-own-operate-transfer (BOOT) would be used to execute the development, and condensates and liquefied gas may also be produced. In order to feed gas to power plants, the project entails building pipeline networks, storage tanks, and facilities for gathering gas.
Raban AI-Safina Company for Energy Projects Ltd. (RASEP) is the parent company of Halfaya Gas Company. Under the direction of Iraqi businessman Saadi Saihood, the company is headquartered in Baghdad and maintains a branch office in Dubai, United Arab Emirates.