BAGHDAD, March 31 (Xinhua) -- The Iraqi Oil Ministry on Sunday signed a memorandum of understanding (MoU) with the German Siemens and the U.S. Schlumberger companies on the utilization of associated gas in the Iraqi oil fields.
During the signing ceremony, Iraqi Oil Minister Hayan Abdul Ghani said that the MoU is consistent with the ministry's plan to utilize associated gas for electricity production, according to a ministry statement.
"Through this memorandum and the attached contracts, the ministry aims to implement its plan to benefit from associated gas by taking advantage of the technology of these companies," the statement quoted the minister as saying.
With 132 trillion cubic feet of proven natural gas reserves, Iraq is committed to harnessing its gas resources to address critical needs, particularly in electricity generation.
(Editor:Fu Bo)
Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
Chris Pine dons plaid blazer to honor his hero Jeff Bridges at 49th Chaplin Award Gala in NYC
Bank of America, PNC, Citizens and Chase behind latest branch closures
Fraudsters target small businesses with scams. Here are some to watch out for
Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry
Georgia governor signs bill into law restricting land sales to some Chinese citizens
Sports Emmy Awards will honor 8 individuals as Gold and Silver Circle inductees
Police in Georgia use tear gas, water cannons to disperse protest against so
Kevin Pillar gets 1,000th career hit in Angels' win at Texas
Pennsylvania moves to join states that punish stalkers who use Bluetooth tracking devices
Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise
Homeless families face limits on shelter stays as Massachusetts grapples with migrant influx