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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraqi government supports the development of the "field of Majnoon" for "Basra oil"

    Rocky
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    • Post n°1

    Iraqi government supports the development of the "field of Majnoon" for "Basra oil" Empty Iraqi government supports the development of the "field of Majnoon" for "Basra oil"

    Post by Rocky Tue 06 Mar 2018, 2:16 am

    [size=30]Iraqi government supports the development of the "field of Majnoon" for "Basra oil"[/size]
    06/03/2018 10:44 | Number of readings: 47
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    [rtl]Trend Press / Baghdad[/rtl]
     
    [rtl] The Iraqi government has decided to support the development of the Majnoon oil field to the Basra Oil Company, with a commitment to reduce the cost of management and development by 300 million dollars annually (355.8 billion dinars) .[/rtl]
     
    [rtl]"The decision included 30% reduction in production costs during this year's plan, rising to at least 50% of the cost of the operator's plans, and reducing the time periods by at least 20% of the plan," the statement said .[/rtl]
     
    [rtl]The statement pointed out that "the decision of the Iraqi ministers comes to strengthen the leadership of national ownership of the activities of operating the largest oil field in the country with national management and global standards to achieve sustainable development of the country . "[/rtl]
     
    [rtl]Until the end of last month, the Iraqi Oil Ministry was in talks with the US Chevron, on the oil field .[/rtl]
     
    [rtl]In October, Jabbar al-Luaibi, the Iraqi oil minister, pointed to the interest of US Chevron and Total in the development of the Majnoon oil field, after the decision of Shell International to leave it .[/rtl]
     
    [rtl]And the Minister followed by statements that Iraq may offer the two companies different conditions for the development of the oil field, other than the conditions previously offered to the Royal Dutch Shell, "pointing out that Iraq will develop the Majnoon oil field with its own resources, until finding a foreign partner .[/rtl]
     
    [rtl]At the end of last November, Al-Allaibi signed an alliance between the US Chevron, French Total and PetroChina to develop the Majnoon oil field after Royal Dutch Shell[/rtl]
     
    [rtl]The field of "Majnoon oil" in the province of Basra in southern Iraq, one of the largest oil fields in the world, and got "Shell Iraq" in 2009 on the contract development of the South Oil Company, the field, after damage caused by the war on Iraq 2003, "He said.[/rtl]
     
    [rtl]The estimated reserves of "Majnoon oil" on the southern border of Iraq, about 42 billion barrels of crude oil, and about 4.5 trillion cubic feet of gas .[/rtl]
     
    [rtl]The current production is about 235 thousand barrels per day and 70 million cubic feet of gas, mainly involved in the processing and supply of power station Rumaila .[/rtl]
     
    [rtl]Shell British Dutch is the former operator of the field, 45% in partnership with Petronas 30%, and the Iraqi oil company Maysan 25%, and the first export of oil shipments after the development of the field in April 2014 .[/rtl]
     
    [rtl]The US Chevron abandoned its work in northern Erbil, the capital of Iraq's Kurdistan region, by the end of 2015, before returning in September 2017 to excavate and dig the first exploratory well under the Sarta concession in Erbil .[/rtl]

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