Iraq to Establish Fixed Platform for Imported Gas at Grand Faw Port

Sudani chairs the meeting held to follow up on the implementation of the Ministry of Oil projects. (INA)
Sudani chairs the meeting held to follow up on the implementation of the Ministry of Oil projects. (INA)
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Iraq to Establish Fixed Platform for Imported Gas at Grand Faw Port

Sudani chairs the meeting held to follow up on the implementation of the Ministry of Oil projects. (INA)
Sudani chairs the meeting held to follow up on the implementation of the Ministry of Oil projects. (INA)

Iraqi Prime Minister Mohammad Shia Al-Sudani approved Wednesday the establishment of a fixed platform for imported gas at the Grand Faw Port.
This gas platform marks a significant milestone in the country's oil and gas sector, representing the first of its kind.
The Prime Minister's Office (PMO) issued a statement confirming the approval of the specialized committee's recommendations during a meeting chaired by Al-Sudani.
The meeting focused on outlining the forthcoming steps to operationalize the fixed platform.
Al-Sudani underscored that the successful initiation of this vital project was made possible by the substantial progress achieved in the Grand Faw Port project.
This strategic endeavor aligns with the government's commitment to address challenges related to gas supplies, eliminate hurdles in gas imports, and transition towards reliance on gas sourced from Iraqi fields.
According to the statement, the endorsed recommendations put forth by the committee include the engagement of a reputable international consulting firm to oversee both the technical and commercial aspects of the project.
Furthermore, it intends to issue invitations for the establishment of a fixed platform dedicated to importing liquefied gas within the expansive Al-Faw port along with the infrastructure, and integrating it into the existing pipeline network.
This move is aimed at ensuring a consistent gas supply from diverse sources and bridging the gap in electricity station operations.



GASTAT: Saudi Industrial Production Index Increases by 3.4% in November 2024

GASTAT publishes the IPI monthly. SPA
GASTAT publishes the IPI monthly. SPA
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GASTAT: Saudi Industrial Production Index Increases by 3.4% in November 2024

GASTAT publishes the IPI monthly. SPA
GASTAT publishes the IPI monthly. SPA

Saudi Arabia’s General Authority for Statistics (GASTAT) said Thursday that the Industrial Production Index (IPI) statistics for November 2024 showed a 3.4% increase compared to the same month of the previous year.

This increase is driven by growth in mining and quarrying, manufacturing, water supply, sewerage, and waste management and remediation activities, GASTAT said.

Furthermore, the sub-index of mining and quarrying activity increased by 1.2%, and the sub-index of manufacturing activity increased by 7.2%.

The sub-index of electricity, gas, steam, and air conditioning supply activity recorded a decrease of 2.1%, and the sub-index of water supply, sewerage and waste management and remediation activities increased by 10.5%.

The IPI by main economic activities increased by 3.8% compared to the same month of the previous year, while the index of non-oil activities also increased by 2.4%.

GASTAT publishes the IPI monthly. It is an economic indicator that reflects the relative changes in the volume of industrial output. It is calculated based on the industrial production survey.