Qatar Turkey recognizes the shipment of natural gas and Iraq signs an agreement of about $ 17 billion

Technical analysis for crude oil -14 June 2013

Said RasGas Qatar in a statement Sunday it had delivered a shipment of Instant liquefied natural gas port in the Turkish Alja Forums through a company may own energy.

The statement said that despite the start of deliveries of LNG from RasGas to Forums Turkish Jazz in 2009, this shipment is the first of its kind to use smaller tanker Q – Flex.

The statement added that the fleet of LNG for RasGas includes currently 27 vessels, including tankers and one Q – Max capacity of 266 thousand cubic meters and 12 tanker Q – Flex a capacity of between 210 217 thousand cubic meters.

Qatar is the largest exporter of LNG in the world and its annual output capacity will reach 77 million tonnes.

Iraq has signed a definitive agreement worth $ 17 billion with Shell and Mitsubishi on Sunday to collect the gas currently being flared in the southern oil fields in the project and may enhance the production of electricity is needed most.

The aim of the agreement amounting to a 25-year-old is one of the largest agreements signed by Iraq with foreign energy companies to exploit the gas being burned in the southern fields, which exceed the $ 700-million cubic feet per day.

And concluded a long-awaited agreement during a signing ceremony in Baghdad attended by Iraqi Oil Minister Abdul Karim and coffee and Chief Executive Peter Voser Shell.

Iraq was OPEC member has signed a series of agreements with foreign oil companies to modernize the energy sector after years of war and economic sanctions.

It is expected to generate increased oil production, large additional quantities of associated gas has more than Iraq’s production of gas in the near future energy consumption, which opens the door to the possibility of export.

Under the agreement signed with Shell is based Gas Company of Basra, which the government will own 51 percent of them, while Shell holds 44 percent and Mitsubishi five percent.

The project aims to collect the gas in the fields of Rumaila, Zubair, West Qurna. Cut off power supply is one of the major complaints of Iraqis do not supply covers only about half the demand.

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