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Iraq’s Kurdistan Regional Government (KRG) plans to boost gas output to phase out the use of diesel for power generation, and start exports to Turkey. But development plans remain mired in a swathe of problems and are well behind schedule.
This week brought two major announcements, but is a breakthrough imminent?
GENEL: GAS TERMS 'FINALIZED'...
First came an announcement on 13 February by Anglo-Turkish firm Genel. It operates the Miran and Bina Bawi gas fields and estimates they contain gross mean gas resources of 11.4 tcf. It says it has now “finalized documentation of previously agreed terms of Amended and Restated Production Sharing Contracts (‘PSC’s) and Gas Lifting Agreements (‘GLA’s) for both Miran and Bina Bawi gas fields.” (CONTINUED - 1052 WORDS)
DATA INSIDE THIS ARTICLE
|chart||Khor Mor Gas Output Edges Down On Investment Hiatus (Mn Cfd)|