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Thursday, April 18, 2024 15:34 GMT
Oil companies under National Oil and Gas Authority (Noga) have implemented several initiatives to rationalize and promote energy improvement. This has contributed to reducing carbon dioxide emissions of at least 0.25 million tons per year, Oil Minister Shaikh Mohammed bin Khalifa Al Khalifa has said. Speaking during the first edition of the International Carbon Capture Utilization and Storage Conference (ICCUS 2020) in Riyadh, Shaikh Mohammed also spoke about the rationalization of energy consumption and the utilization of more than 3,500 Bscf of natural gas, which contributed to avoiding the release of more than 0.2 gigatons of carbon dioxide.Noga was the first national oil authority in the region to join the World Bank’s initiative to reduce the burning of gas (flaring) in 2016. Asry has also committed to maintaining the maximum sulfur gas produced by marine fuels at 0.5% by installing a gas washing machine for sulfur oxide, becoming the first regional company to install such a device. Referring to the Bapco Modernization Project, the minister said one of the aims of the project is to improve the standard of energy efficiency by about 28% and the reduction of emissions of sulfur dioxide by 50% and nitrogen oxides by 5%.The oil sector has also implemented a number of mitigation initiatives, such as the construction of a model mangrove plant nursery, as well as the Hunainiya project and the wetland project, which will help reduce the release of 100,000 tons of carbon dioxide per year, said Shaikh Mohammed. The minister took part in a ministerial discussion session in which he referred to the strategy of switching from linear model of production to the circular economy model through material recycling, which is based on six key components of the carbon economy, namely, energy conservation and clean energy at affordable prices.To capture the remaining carbon, safely store it, use carbon in products and finally process carbon with solutions derived from nature. The event is organized by the Saudi Energy Ministry with support from Noga, Saudi Aramco, Bahraini oil companies and a number of international companies.