money and business
النفط Oil begins the first phase of the production of liquid and dry gas from the oil field of Badra Oil
Ministry announced on Wednesday, the start of the first phase of the production of liquid and dry gas from the oil field of Badra, and Oil Minister Jabbar Ali Allaibi, at a press conference, today, on the sidelines The opening of the production unit, "Badra field began the first phase of the production of liquid gas after being processed in the field of Badra oil within the project is integrated and the rate of 140 tons per day, in addition to the production of 40 cubic meters of dry gas.
He added that "production will gradually increase to reach good quantities of gas to achieve financial returns to maximize the federal treasury, as well as the environmental impact and health of the surrounding oil fields, in addition to the provision of electric stations with dry gas, which will achieve self-sufficiency of fuel."
For his part, said Russian Minister Alexander Novak, during his presence in the opening of the oil production unit, which is developing the field of oil Badra, which is headed by the Russian company Kazprom, has managed within seven years of increasing oil production in the field after the development to reach 90 thousand barrels per day, That "dry gas produced from the field will be allocated to the Zubaidiyah power station."
Kazum Broome Company owns 40% of Badra oil field, which won with four international oil companies, developing the field within the second licensing round, which amounted to the Turkish company "TPO "At 10%, and 30% the proportion of Korean company Ko Kaz, while the proportion of Petronas of Malaysia 20% ".ookd Oil Minister Ali Jabbar Luaibi, in September 2017 that Iraq will stop the burning of gas by mid-2021, referring to the ministry made plans to create five refineries in northern, central and southern Iraq.
Ministry announced on Wednesday, the start of the first phase of the production of liquid and dry gas from the oil field of Badra, and Oil Minister Jabbar Ali Allaibi, at a press conference, today, on the sidelines The opening of the production unit, "Badra field began the first phase of the production of liquid gas after being processed in the field of Badra oil within the project is integrated and the rate of 140 tons per day, in addition to the production of 40 cubic meters of dry gas.
He added that "production will gradually increase to reach good quantities of gas to achieve financial returns to maximize the federal treasury, as well as the environmental impact and health of the surrounding oil fields, in addition to the provision of electric stations with dry gas, which will achieve self-sufficiency of fuel."
For his part, said Russian Minister Alexander Novak, during his presence in the opening of the oil production unit, which is developing the field of oil Badra, which is headed by the Russian company Kazprom, has managed within seven years of increasing oil production in the field after the development to reach 90 thousand barrels per day, That "dry gas produced from the field will be allocated to the Zubaidiyah power station."
Kazum Broome Company owns 40% of Badra oil field, which won with four international oil companies, developing the field within the second licensing round, which amounted to the Turkish company "TPO "At 10%, and 30% the proportion of Korean company Ko Kaz, while the proportion of Petronas of Malaysia 20% ".ookd Oil Minister Ali Jabbar Luaibi, in September 2017 that Iraq will stop the burning of gas by mid-2021, referring to the ministry made plans to create five refineries in northern, central and southern Iraq.
التقي Standardization and quality control sets terms for the re-processing of gold outside Iraq
The Central Agency for Standardization and Quality Control, on Wednesday, the conditions for the development of gold recycling outside Iraq, noting that among the conditions, is to meet the amount of 50 thousand dinars for every kilogram of gold .
"According to the Council of Ministers' Resolution No. 335 of October last year regarding the regulations for the recycling of gold outside Iraq, conditions have been set," the agency said in a statement received by Al-Mada.
"These conditions require the submission of a request by the person wishing to re-industrialization to the Central Organization for Standardization and Quality Control, in which he shall write the number of the profession and the quantity to be taken out with the jewelry to be recycled to the device for the purpose of examination and the stabilization of caliber and weight."
The device added that "other conditions are that the Central Organ / Department of Marking Jewelry to provide the company or person authorized official letter addressed to the Directorate of Kirkuk and airport police, specifying the name of the gold holder and the amount of gold to be produced and calibrated," noting: "must submit A letter of guarantee of at least the amount of the amount of gold to be issued and valid for at least two months, the letter of guarantee is confiscated in the event that the gold to be exported within the period of permeability of the letter.
"The other conditions require the payment of 50 thousand dinars per kilogram of gold, based on Resolution No. 335 in October 2017."
A number of economists have warned of the smuggling of large amounts of Iraqi gold abroad, pointing out that the expansion of this phenomenon will cause damage to the economy of the country by increasing the price in local markets.
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