US-based Morgan Hughes Energy has signed a memorandum of understanding (MoU) with Iraq’s General Company for Carbon Economics (GCCE) to develop projects that will capture and use associated gas currently being burned off at oil production sites across Iraq.
The agreement was signed in Baghdad by Morgan Hughes Energy Managing Director Gregory Bloom and GCCE. The signing took place under the patronage of Iraq’s Environment Minister, Sarwa Abdulwahid, and was attended by US Chargé d’Affaires Steven Fagin.
The partnership will focus on recovering low-pressure associated gas and using it to generate electricity for oil production facilities. This could help reduce gas flaring and lower the facilities’ dependence on Iraq’s national electricity grid.
The initiative also plans to develop carbon credit projects using internationally recognized monitoring and verification standards. These projects could create new revenue opportunities through carbon markets while helping Iraq meet its emissions reduction targets.
Morgan Hughes Energy said it intends to bring American technology and expertise to the projects, supporting Iraq’s energy security and the development of its oil and gas sector.
The company works in the upstream and midstream oil and gas industries, with operations and interests across the Middle East, including offshore gas production, pipeline infrastructure, and gas storage facilities.
The MoU is an initial step toward a wider strategic partnership between the two companies. Specific projects and their implementation plans will need to be developed further.