Shahristani: obliges budget delivery oil produced in the region to the center

[You must be registered and logged in to see this image.]

Alerted the deputy prime minister for energy affairs that the current year budget confirmed the need to be delivered oil produced in the province to the federal government and that is a financial settlement to recover losses due to refrain from it, while stressing the oil minister that the next term will see the monument's largest floating island in the world to provide services to the oil ports.

Said Hussein al-Shahristani on the sidelines of ceremonial opening of the production in the Majnoon oil field in Basra province, that the amounts resulting from the Kurdistan region of the Federal Government a result of his failure to deliver the raw product from him and of 250 thousand barrels per day, amounting up to ten billion dollars, stressing that the current year budget contains Banda clear and explicit confirms that the region bear the consequences of non-delivery and settlement of the budget should be held to recover financial losses resulting from non-payment.

Shahristani, predicted the inclusion of the same item in the budget next year guarantees more focused on the central government for recovery of all financial losses as a result of non-delivery of returns to it.

Promised the Majnoon field, the most important in the province of Basra, which contain fields of other giant did not find the opportunity to develop them, calling for the need to develop the country's wealth to achieve higher fiscal revenue, pointing to the importance of developing a plan thought out requirements vessels for the citizens, as well as finding infrastructure, such as schools, hospitals, housing projects and water and sewage.

Shahristani said that the government had invited major foreign companies to submit bids, in order to build a giant petrochemical projects in Basra, مفصحا the progress of several companies, including Company (Shell) Dutch which the government Elzimtha need Iraqi adoption of the Angels.

For his part, said Oil Minister Abdul Karim and coffee in his speech during the opening ceremony, that the term next few will see the monument largest island of oil in the world within Iraqi territorial waters to provide logistics services for ports, which would allow creating the largest ports of the global export of crude, which will contribute to an increase Iraq's ability to export five million barrels per day over the next year, compared to the current production of 3.4 million barrels per day after that were added to what has been produced from the Majnoon field, amounting to 175 thousand barrels per day, expecting the arrival of production by 2018 to 6 million barrels per day. He pointed out that the production of the Majnoon field, initially set at 175 thousand barrels to reach about one million barrels per day.

He added that the ministry is coordinating with the concerned authorities to lift the mine on some patches in the FAO in order to build new export units, as well as near the opening of the new warehouse FAO which absorbs raw energy Khoznah for up to 500 thousand barrels per day,

The Majnoon oil fields and has a large 11 مكمنا with three types of heavy, medium and light.

He said ministry spokesman Assem Jihad, press statements, that the process of starting production of the Majnoon field, comes as part of a plan drawn up by the ministry to increase the country's crude output and increase exports, especially that it comes after the initial start of production to the Garraf oil field. For his part, described Executive Vice President of Shell International (Harry Brikelemanz) opening production at the Majnoon field, the event historic, adding that the company has transformed the Majnoon field to an entity with a universal value, which included the work of field development drilling of new wells, and the establishment of facilities central processing is the largest of its kind in the country during the past 30 years, in addition to repairing existing oil installations, as well as the implementation of a comprehensive program to remove the mines and get rid of shell 14 thousand during the re-development of the field.


[You must be registered and logged in to see this link.]