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2021-11-11 07:46
After its production reached one billion barrels, Iraq achieves 40 billion dollars in financial revenues from an oil field
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2021-11-11 07:46
Shafaq News/ The Iraqi Oil Minister, Ihsan Abdul-Jabbar, announced on Thursday that the production of West Qurna II field has reached one billion barrels.
Abdul-Jabbar said in a press conference attended by Shafak News Agency; This day is one of the most important days in the history of the oil industry, and Lukoil has a major role in ensuring that the oil produced in the second Qurna field is according to the specifications.
He added that Lukoil contributed to securing revenues for the Iraqi state, and the company was very patient in the limitations of OPEC and development programs, evidence of the company's keenness to develop the second Qurna project, which provided sustainable development.
He stressed that the Ministry of Oil and the Basra Oil Company are ready to cooperate with Lukoil, and we affirmed the government's seriousness and keenness to keep Lukoil as a key partner for Iraq.
He added that the company has added $40 billion to state revenues since the beginning of its work until now.
from his side; The director of Lukoil, Vagit Alekperov, said during a press conference, that production reached one billion barrels from the second Qurna field.
He pointed out that the beginning of the company in the field was in 2009, and it was an unknown area for the company and after the work of specialists, the Arido field was discovered inside Qurna II, which has a reserve of more than 7 billion barrels, pointing out that the company's work continues to discover other fields within the Qurna field. Second, that the company is working through the extraction of oil to develop the infrastructure in Iraq and build the future.
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Abdul-Jabbar said in a press conference attended by Shafak News Agency; This day is one of the most important days in the history of the oil industry, and Lukoil has a major role in ensuring that the oil produced in the second Qurna field is according to the specifications.
He added that Lukoil contributed to securing revenues for the Iraqi state, and the company was very patient in the limitations of OPEC and development programs, evidence of the company's keenness to develop the second Qurna project, which provided sustainable development.
He stressed that the Ministry of Oil and the Basra Oil Company are ready to cooperate with Lukoil, and we affirmed the government's seriousness and keenness to keep Lukoil as a key partner for Iraq.
He added that the company has added $40 billion to state revenues since the beginning of its work until now.
from his side; The director of Lukoil, Vagit Alekperov, said during a press conference, that production reached one billion barrels from the second Qurna field.
He pointed out that the beginning of the company in the field was in 2009, and it was an unknown area for the company and after the work of specialists, the Arido field was discovered inside Qurna II, which has a reserve of more than 7 billion barrels, pointing out that the company's work continues to discover other fields within the Qurna field. Second, that the company is working through the extraction of oil to develop the infrastructure in Iraq and build the future.
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