World Bank By Ediri Ejoh The latest report of the World Bank’s Global Gas Flaring Reduction Partnership (GGFR) has reported that Nigeria, Russia, Iraq, Iran, United States, Algeria and Venezuela have been the world’s leading seven gas flaring countries in the past 9 years, accounting for 65 percent of global gas flaring. The report which was first launched in 2012, stated that these seven countries produce 40 per cent of the world’s oil each year, but account for roughly two-thirds or 65 per cent of global gas flaring. Gas flaring, the burning of natural gas associated with oil extraction, takes place due to a range of issues, from market and economic constraints, to a lack of appropriate regulation and political will. READ ALSO: Alleged defilement: Police debunk rumours to release Baba Ijesha The report stated: “Seven countries continue to light up the global map, year after year: Russia, Iraq, Iran, the United States, Algeria, Venezuela and Nigeria have been the l...
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