Gas Import From Iraq – Feasibility Study Conducted
Category: Business
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The Kuwait Petroleum Corporation (KPC) said an unidentified company has conducted a feasibility study to import gas from Iraq in spite of the absence of an agreement between the two countries, reports Annahar daily quoting oil sources.

The sources pointed out the purpose of the feasibility study was to know the cost of the exercise – importing gas and delivering it to consumers – before Kuwait negotiates and signs agreement with its counterpart in Iraq over the price structure and other terms and conditions.

Accordingly, the Kuwaiti side has gone ahead with the study, which it said was accurate and feasible, indicating the concerned company that will carry out the work is always seeking to obtain the necessary approvals from the responsible authorities and is keen to get the approval as quickly as possible.

In a related context, the sources reported the supply of the fifth gas line in Mina Al-Ahmadi, which comes into operation in 2020, and which has a capacity of 800 million cubic feet gas per day is delayed due to the delay in laying a new export-gas pipeline from the north of the country to the Ahmadi refinery. The completion of the project is expected in September 2021

 

SOURCE : ARABTIMES

22 Jan, 2020 258
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