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Luaibi expects oil production to reach 5 million barrels per day by the end of 2017
09:31 - 23/07/2017
Oil Minister Jabbar al-Allaibi expected on Sunday to reach the threshold of production of five million barrels of crude oil per day by the end of the current year 2017 and the investment of one billion and 300 bases of gas associated with the end of this year.
"The ministry will be able to achieve its goal of producing five million barrels of crude oil per day by the end of this year," Al-Allaibi said in a statement to the official newspaper Al-Sabah. "The ministry's plans will not be affected by any fluctuations, regardless of their nature and source."
He added that "the South Gas Company will be able to invest the burning gas to reach the production of 1.3 billion square meters by the end of this year," noting that "the ministry currently exports a thousand tons of liquid gas and 16 thousand barrels of gas condensates for the global market, Exported quantities ".
The Minister of Oil, "a project to get rid of the burning of natural gas associated with the production of crude oil by the end of 2019, which means the production of more than 2 billion natural gas facilities to contribute to increase the country's financial resources and investment in sustainable development by producing clean energy, Preparation and referral to the investment project for the transfer of oil from Basra towards the Jordanian port of Aqaba. " Ending / 25
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09:31 - 23/07/2017
Oil Minister Jabbar al-Allaibi expected on Sunday to reach the threshold of production of five million barrels of crude oil per day by the end of the current year 2017 and the investment of one billion and 300 bases of gas associated with the end of this year.
"The ministry will be able to achieve its goal of producing five million barrels of crude oil per day by the end of this year," Al-Allaibi said in a statement to the official newspaper Al-Sabah. "The ministry's plans will not be affected by any fluctuations, regardless of their nature and source."
He added that "the South Gas Company will be able to invest the burning gas to reach the production of 1.3 billion square meters by the end of this year," noting that "the ministry currently exports a thousand tons of liquid gas and 16 thousand barrels of gas condensates for the global market, Exported quantities ".
The Minister of Oil, "a project to get rid of the burning of natural gas associated with the production of crude oil by the end of 2019, which means the production of more than 2 billion natural gas facilities to contribute to increase the country's financial resources and investment in sustainable development by producing clean energy, Preparation and referral to the investment project for the transfer of oil from Basra towards the Jordanian port of Aqaba. " Ending / 25
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