The Economic Viability of Associated Gas Investment in Iraq During the period (2012-2021)
DOI:
https://doi.org/10.33095/r7hjq275Abstract
Purpose: Examine the feasibility of investing in and processing associated gas and the impact of increased investment in flaring associated gas on the Iraqi economy, in addition to knowing the quantities of gas produced, invested and burned in Iraq Also calculating the costs that Iraq loses due to gas flaring During the research period (2012-2021).
Theoretical framework: The research addresses the feasibility of investing in associated gas from oil and its impact on the Iraqi economy, given its abundant availability. The research problem revolves around whether Iraq can achieve self-sufficiency in gas production and whether it can reach the status of a natural gas exporting country in the coming years, as the Iraqi government aspires to achieve as soon as possible.
Design/methodology/approach: The available data on associated gas in Iraq during the period (2012-2021) were used to determine the volume of gas production, the amount burned, the volume of investment, and the material losses resulting from its burning.
Findings: The results show the importance of investing in gas in Iraq, as it represents an important resource that can be used to achieve self-sufficiency in energy, as gas represents a raw material for many industries such as petrochemicals, fertilizers, and others...
Research, Practical & Social implications: Iraq primarily relies on two main sources for its energy useو oil and natural gas, due to their abundant availability. Through these sources, electrical energy is generated, which is the main driver for all vital installations in Iraq.
Originality/value: We propose a future research agenda and highlight investment in associated gas and its impact on the Iraqi economy, in addition to providing realistic recommendations aimed at investing in associated gas, achieving economic goals, and reaching the appropriate global position considering the availability of this important resource.
Downloads
References
Abdel-Aali, A. S., & Dhuwai, A. J. (2017). The future of the energy sector in Iraq in light of the energy strategy for the period. Gulf Economic Journal, 33(33), 1–50.
Abdel Kazem, R. M., & Masokhor, A. H. (2024). Iraq and opportunities for transition towards a renewable and sustainable energy system. Altorath University College Journal, 1(39), 198–207.
Abdel Reda, L. S., & Ahmed, J. T. (2018). Current and future prospects for Iraqi natural gas for the period 2000-2016. Wasit Journal for the Human Sciences, 14(1), 83–116.
Al-Abadi, S. A. Z., & Al-Rikabi, H. S. (2023). Associated gas investment and development prospects in Dhi Qar Governorate. Iraqi Journal of Human, Social and Scientific Research, 3(8), 1021–1036.
Ali, E. (2020). Modeling of Properties and SI Engine Pollution of Associated Petroleum Gas in Iraq. Journal of Petroleum Research and Studies, 10(2), 1–16.
Al-Jourani, H. A. A., & Al-Abadi, S. A. S. (2024). A geographical analysis of extractive industries in Maysan Governorate for the period . Maysan Research Journal, 14(28), 507–527.
Allen, D. T., Chen, Q., & Dunn, J. B. (2021). Consistent metrics needed for quantifying methane emissions from upstream oil and gas operations. Environmental Science & Technology Letters, 8(4), 345–349.
Al-Musawi, M. J. R. (2023). The regional and international importance of natural gas in Iraq (a study in geopolitics). Al-Qadisiyah Journal of Arts and Educational Sciences, 23(3), 377–396.
Al-Saadi, A. M. H. (2020). Future of Natural Gas in Iraq. Ahl Al-Bait Jurnal, 1(27).
Baker, S. A. (2018). The possibility of using associated gases of the khabaz oil field in supporting the production of electrical energy. Journal of Petroleum Research and Studies, 8(2), 92–105.
Boak, J., & Kleinberg, R. (2020). Shale gas, tight oil, shale oil and, hydraulic fracturing. In Future Energy (pp. 67–95). Elsevier.
Dix, B., de Bruin, J., Roosenbrand, E., Vlemmix, T., Francoeur, C., Gorchov‐Negron, A., McDonald, B., Zhizhin, M., Elvidge, C., & Veefkind, P. (2020). Nitrogen oxide emissions from US oil and gas production: Recent trends and source attribution. Geophysical Research Letters, 47(1), e2019GL085866.
Drozdov, A., Gorbyleva, Y., Drozdov, N., & Gorelkina, E. (2021). Perspectives of application of simultaneous water and gas injection for utilizing associated petroleum gas and enhancing oil recovery in the Arctic fields. IOP Conference Series: Earth and Environmental Science, 678(1), 012039.
Hamed. H. H. (2016). Study the Process of Energy Losses Resulting From Burning Associated Gas With Oil Production in Fields of North Oil Company (Khabaz and Jambor Fields). Diyala Journal of Engineering Sciences, 9(3), 1–11.
Hameed, A. M., & Mohammed, I. A. (2023). The Possibility of maximizing the benefits of the exploitation of crude oil An analytical study of the reality of the oil sector in Iraq. Journal of Administration and Economics, 3.
Jawda, D. R. N. H., & Jaafar, H. N. (2018). The Developmental Effects of Oil Industry in Iraq (Developmental of Oil Industry and Ist Reflection on Environment in Iraq). Economic Sciences, 13(51).
Jianu, I., & Jianu, I. (2018). The share price and investment: Current footprints for future oil and gas industry performance. Energies, 11(2), 448.
Kassotis, C. D., Harkness, J. S., Vo, P. H., Vu, D. C., Hoffman, K., Cinnamon, K. M., Cornelius-Green, J. N., Vengosh, A., Lin, C.-H., & Tillitt, D. E. (2020). Endocrine disrupting activities and geochemistry of water resources associated with unconventional oil and gas activity. Science of the Total Environment, 748, 142236.
Lee, J., Sorensen, C., Lemery, J., Workman, C. F., Linstadt, H., & Bazilian, M. D. (2022). Managing upstream oil and gas emissions: A public health oriented approach. Journal of Environmental Management, 310, 114766.
Lipanov, A., Leschev, A., Ovcharenko, P., Delgado Sobrino, D. R., Kolesnikova, L., & Sterkhov, K. (2020). Selection of optimal modes of obtaining broad fractions of light hydrocarbons from oil-associated gas at oil production sites. Acta Montanistica Slovaca, 25(1).
Lyon, D. R., Hmiel, B., Gautam, R., Omara, M., Roberts, K. A., Barkley, Z. R., Davis, K. J., Miles, N. L., Monteiro, V. C., & Richardson, S. J. (2021). Concurrent variation in oil and gas methane emissions and oil price during the COVID-19 pandemic. Atmospheric Chemistry and Physics, 21(9), 6605–6626.
Mitchell, J. V, Mitchell, B., & Marcel, V. (2015). Oil and gas mismatches: finance, investment and climate policy. Chatham House for the Royal Institute of International Affairs.
Naithel, I. H., & Al-Dakhili. M. O. (2016). Study of Crude oil spills and gas burning of accompanied natural gas on the environment of Nasiriyah oil field southern Iraq. University of Thi-Qar Journal of Science, 6(1), 52–59.
Niyazbekova, S. U., Ivanova, O. S., Suleimenova, B., Yerzhanova, S. K., & Berstembayeva, R. K. (2021). Oil and gas investment opportunities for companies in modern conditions. Socio-Economic Systems: Paradigms for the Future, 669–676.
Pozzer, A., Schultz, M. G., & Helmig, D. (2020). Impact of US oil and natural gas emission increases on surface ozone is most pronounced in the central United States. Environmental Science & Technology, 54(19), 12423–12433.
Prasad, S. K., Sangwai, J. S., & Byun, H.-S. (2023). A review of the supercritical CO2 fluid applications for improved oil and gas production and associated carbon storage. Journal of CO2 Utilization, 72, 102479.
Sakib, S. M. (2021). The impact of oil and gas development on the landscape and surface in Nigeria. Asian Pacific Journal of Environment and Cancer.
Saleh, H. Y. (2016). Corrosion prevention approach for gas and oil refinery Tanks. Journal of Petroleum Research and Studies, 6(1).
Semenova, T., & Al-Dirawi, A. (2022). Economic Development of the Iraqi Gas Sector in Conjunction with the Oil Industry. Energies, 15(7), 2306.
Vora, M., Sanni, S., & Flage, R. (2021). An environmental risk assessment framework for enhanced oil recovery solutions from off shore oil and gas industry. Environmental Impact Assessment Review, 88, 106512.
Yaqoub, F. A., & Abdul_Hussein, H. A. (2022). The Historical Development of Natural Gas Extraction and Production in Iraq (Basra Governorate) as a Model. Nasaq, 35(8).
Ziara, R. H., & Muhammad, N. A. (2016). Future prospects for the natural gas industry in Iraq and available investment opportunities. Journal of Economic and Administrative Sciences, 22(94), 406–427.
Published
Issue
Section
License
Copyright (c) 2024 Journal of Economics and Administrative Sciences
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Articles submitted to the journal should not have been published before in their current or substantially similar form or be under consideration for publication with another journal. Please see JEAS originality guidelines for details. Use this in conjunction with the points below about references, before submission i.e. always attribute clearly using either indented text or quote marks as well as making use of the preferred Harvard style of formatting. Authors submitting articles for publication warrant that the work is not an infringement of any existing copyright and will indemnify the publisher against any breach of such warranty. For ease of dissemination and to ensure proper policing of use, papers and contributions become the legal copyright of the publisher unless otherwise agreed.
The editor may make use of Turnitin software for checking the originality of submissions received.
How to Cite
