No layoffs to cut costs in Europe operations: Ratan Tata

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Diane Archer: The big debt Director: rising health care costs, not Medicare

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Gas Flaring Costs Iraq $5m a Day

By John Lee.

Azzaman reports that the flaring of associated gas from the country’s producing oil fields, particularly in Basra, is costing the country $5 million a day.

But there is good news, according to Dhia al-Mawsawi, the Director-General of South Oil Company, who said there should be no flaring of gas in Basra by the end of 2013.

He said his company was in talks with Shell for an agreement to build the facilities to process the country’s associated gas and turn it into domestic fuel.

Iraq only process 400 million cubic meters of its total output of associated gas estimated at more than 1100 cubic meters, while it imports large volumes of natural gas from Iran.

(Source: Azzaman)

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