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[rtl]Editorial date:: 2019/2/13 9:06 • 426 times read[/rtl]
[Baghdad: Al-Furat News} Oil Minister Thamer Ghadhban revealed the amount of Iraq's production of crude currently.
Al-Ghadhban said in a press statement that "the country's current production of crude is four million and 510 thousand barrels per day," stressing that "Iraq has the capacity to increase the production of oil in the fields of the country to levels higher than the current production declared, but there is a need to abide by resolutions (OPEC) set the ceiling for production for its members and countries outside to address the weakness of prices and stability of the economies and markets of oil globally.
"The negotiations with the international partners for the South Integrated Oil and Gas Project in the southern provinces reached an agreement on the general framework and the cost of the contract of construction and operation, except for one point only described as economic because it is specific to the distribution and participation of the profit rate of the partners and the ministry, And it is expected to reach solutions that satisfy both parties. "
The Minister of Oil said that "the development of oil and gas industry in the country is moving at high rates through the use of modern technologies in cooperation with international companies, noting that the priorities of the Ministry's plans are the implementation of projects to develop production processes and stability in the oil fields and achieve the increases planned according to the plans for the immediate and medium and long-term field".
He praised "the joint management of the fields and the efficiency of workers, especially the national cadres, which proved the ability and skill of high, which enhances confidence in moving forward in the management of oil fields in the country."
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Iraq reveals its oil production and declares an important agreement
[/rtl][rtl]Editorial date:: 2019/2/13 9:06 • 426 times read[/rtl]
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[rtl][Baghdad: Al-Furat News} Oil Minister Thamer Ghadhban revealed the amount of Iraq's production of crude currently.
Al-Ghadhban said in a press statement that "the country's current production of crude is four million and 510 thousand barrels per day," stressing that "Iraq has the capacity to increase the production of oil in the fields of the country to levels higher than the current production declared, but there is a need to abide by resolutions (OPEC) set the ceiling for production for its members and countries outside to address the weakness of prices and stability of the economies and markets of oil globally.
"The negotiations with the international partners for the South Integrated Oil and Gas Project in the southern provinces reached an agreement on the general framework and the cost of the contract of construction and operation, except for one point only described as economic because it is specific to the distribution and participation of the profit rate of the partners and the ministry, And it is expected to reach solutions that satisfy both parties. "
The Minister of Oil said that "the development of oil and gas industry in the country is moving at high rates through the use of modern technologies in cooperation with international companies, noting that the priorities of the Ministry's plans are the implementation of projects to develop production processes and stability in the oil fields and achieve the increases planned according to the plans for the immediate and medium and long-term field".
He praised "the joint management of the fields and the efficiency of workers, especially the national cadres, which proved the ability and skill of high, which enhances confidence in moving forward in the management of oil fields in the country."
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