Financial Wire

Eni Hosts Iraq Methane Initiative as Emissions Drop 40% at Zubair Field

-- Eni (E) said Tuesday it hosted Iraqi stakeholders in Basra to advance methane monitoring, as emissions cuts at the Zubair field reached about 40%.

The company brought together officials from Iraq's oil and environment ministries, national oil companies, and representatives of the Clean Air Task Force for a technical knowledge-sharing initiative.

The effort supports Iraq's emissions strategy following its 2021 Global Methane Pledge commitment to cut methane output by 30% by 2030, the company said.

Eni said it is also working with local partners under the Oil and Gas Methane Partnership 2.0, a United Nations-backed program focused on tracking and reducing emissions.

The program included a field session at the Zubair Initial Production Facility using optical gas imaging tools to detect, record, and manage methane emissions data.

The practical demonstration highlighted the benefits of transferring technical skills to Iraqi professionals supporting national oil companies in emissions monitoring, the company added.

Eni, lead contractor at the Zubair field for Basrah Oil, is working with local partners to reduce greenhouse gas emissions, focusing on methane and gas flaring, Eni said.

The company is targeting zero routine flaring at Zubair by 2027 while continuing its leak detection and repair campaign introduced between 2022 and 2024.

Implementation of the LDAR campaign reduced fugitive emissions by about 40% in 2025 compared with the previous year, according to the company.

Zubair became the first Iraqi field to consistently apply the LDAR program, attracting support from international groups helping develop national emissions guidelines, Eni said.

Price: $55.20, Change: $-0.81, Percent Change: -1.46%

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