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[size=30]The increasing dependence of the Iraqi government on international companies to develop the oil industry
Mustafa Al - Obaidi
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Apr 07, 2018
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Apr 07, 2018
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BAGHDAD - The Iraqi government aims to increase exports of crude oil in the future and reduce the import of oil and gas derivatives by encouraging investments in oil and gas projects and signing more contracts with specialized international companies to explore new oil and gas fields and invest the existing oil refineries.The Iraqi cabinet approved a plan last week to increase the country's crude oil production capacity to 6.5 million bpd by 2022. Prime Minister Haider al-Abadi, during his visit to Tokyo in early April, The Japanese investment in the oil sector, where he received the President of the Japanese company Gabicis Heidechi Okada and the accompanying delegation, and discussed with him investments in the oil sector, especially in the province of Nasiriyah and increase to 4.5 billion dollars, which will provide jobs for citizens in the province, in addition to the establishment of training centers and development Experience Iraq.
This came in conjunction with the announcement of the Iraqi Oil Ministry, «The rate of oil exports and revenues achieved for the month of March last, amounted to more than 107 million 50 thousand barrels, with revenues of more than 6 billion and 418 million dollars», indicating that «the daily average of exports amounted to 3 million And 453 thousand barrels and the average price per barrel about 60 dollars. These statistics do not include the export of Kirkuk fields in northern Iraq, which exceeds 250 thousand barrels per day ».
Iraq's oil minister, Jabbar al-Luaibi, said last January that Iraq's current production capacity was close to five million bpd.
The Iraqi Oil Ministry is currently moving on several tracks, including developing the export capacity of crude oil and gas, increasing the newly discovered fields, and putting several oil refineries for investment and development, in addition to increasing the investment of gas associated with the extracted oil to reduce the importer.
In the context, the Ministry of Oil held a promotional conference in Baghdad aims to put 11 areas of exploratory border for development and rehabilitation under renewed service contracts, located on the border between Iraq and Iran and Kuwait in addition to a patch of sea on the Arabian Gulf.
Undersecretary for Extractive Affairs Karim Hattab said that the exploratory placards offered by the ministry for development and rehabilitation included the border exploration pits with Kuwait, namely Khader al-May, al-Sannam, al-Faw, and al-Qarqat areas on the Gulf. For the exploratory patches with Iran, the sands included Sindbad, Hawizah, Shehabi, Zarbatiya, In the province of Diyala are Kalabat and Khashm al-Ahmar. The Director General of the Department of Contracts and Petroleum Licenses, Abdul-Mahdi Al-Amidi, said that the ministry presented a detailed presentation to the qualified companies that bought the information bags, explaining the basic features of the contract and the amendments that have taken place, adding that the wording of the contracts will be "service contract with minor modifications to it" For the presentation of the technical information of the aforementioned border exploratory patches.
The number of international companies that bought the bags of information 13 companies in addition to three companies announced their intention to buy the information bag to become 16 companies competing for the development and rehabilitation of the patches of the 26 companies eligible to participate in the competition carrying different nationalities, including two Arab companies. The companies are supposed to submit bids to the ministry on April 15.
Contracts with international companies
In order to benefit from the global experience, Iraq recently signed several new contracts with international companies to process the natural gas associated with the process of extracting crude oil as part of efforts to end this phenomenon by 2021.
The Ministry of Oil has signed a contract with the «Baker Hughes» and « General Electric to deal with the natural gas associated with crude oil extracted from the fields of Nasiriyah and Gharraf in the south of the country.
"The contract is one of the important contracts in the field of gas investment, and there are many contracts for gas investment in other provinces," Oil Minister Jabbar al-Allaibi said, stressing the need to build and build housing complexes for workers in the oil sector.
The minister said that this contract represents an important addition to the gas sector in the province of Dhi Qar in particular and for Iraq in general, and investment rates of the two fields will reach more than 200 million standard cubic feet of gas per day, through the development using the latest equipment and advanced technology and advanced in the world, Adding that the project will also provide more than 1,000 tons per day of liquid gas and more than 900 cubic meters of condensate, as well as providing more than 500 jobs.
Iraq signed another gas treatment contract with US company Orion in January.
He also received Oil Minister Jabbar Ali Al-Allaibi, director of Shell in Iraq Marcos Antonini, and his accompanying delegation, and discussed with him the development of the gas sector in the country. The minister said his ministry looks forward to enhancing cooperation opportunities and developing work with Shell to develop the gas industry.
The Ministry of Oil also discussed with the delegation of the Korean company Kokaz ways to enhance joint cooperation to develop the gas sector in Iraq, the steps taken by the company and the arrangements made to resume work in Akkas field, stressing the importance of creating the right environment for work.
In the same context, the Libyan Minister of Oil received the President of the Chinese company "Genghua" Lu Yigiang, and the accompanying delegation, and discussed ways to enhance joint cooperation and development field in eastern Baghdad.
According to World Bank estimates, Iraq is losing the gas associated with the extraction of oil, revenues estimated at 2.5 billion dollars annually, which are sufficient to meet most of the shortage of gas required to operate power plants.
Rehabilitation of destroyed fields
The Ministry of Oil cadres are making efforts to rehabilitate and repair the oil fields and their facilities in the areas liberated from the organization «Daash».
The Libyan Minister of Oil announced that the national efforts resulted in the rehabilitation and completion of the first phase at a time and record time for the oil field of Ajil, after this field was subjected to sabotage and mass destruction by terrorist gangs, where the volume of destruction of facilities and pipelines, pumping stations and generation to large proportions, As well as the destruction and burning of a number of oil and gas wells.
He pointed out to the start of experimental operation of the field after the completion of the rehabilitation and linking of a number of oil wells and start production operations at rates ranging from 5000 barrels per day up to 17000 thousand barrels.
The Minister of Oil, said that the efforts of his ministry employees resulted in the production of gas from the field of Ajil to more than 100 million standard cubic feet per day and directly equip the North Gas Company in quantities required to add a new capacity of gas to national production.
In the framework of increasing the production of oil derivatives, the Ministry of Oil announced the achievement of new achievements in the liquidation sector and access to production capacity of the Chinese refinery in Salahuddin to 30 thousand barrels per day after the rehabilitation of a new unit in the refinery, as well as access to production capacity of modern refinery to 20 thousand barrels per day After the completion and rehabilitation of a new unit by the employees of the North Refineries Company and its backers, praising the national efforts that achieved a lot, despite the challenges and difficult circumstances.
The Ministry of Oil has also put forward a number of refineries for investment and development, including an investment refinery in Wasit Governorate / Kut with a capacity of 100,000 barrels per day, an investment refinery in Diwaniyah province of 70,000 barrels / day, Day, in addition to direct the project Maysan investment refinery, a capacity of 150 thousand barrels per day, which is important projects and works with modern technology.
Many economists, including objections to the policy of the Iraqi government to sign contracts with international oil companies to invest in oil fields and facilities or development. The most prominent objections that these contracts bear the current and future governments, huge debt burdens for the benefit of international companies due to service contracts for oil installations, and that the Iraqi Oil Ministry, run by the Shiite alliance, is unique to draw oil policy and contracting with international companies amid a political environment controlled by corruption, The lack of reliance on Iraqi cadres and expertise in this vital industry, and the timing of signing contracts with the end of the period of the House of Representatives and the lack of audit, raises many reservations and fear of mortgage the most important wealth in Iraq, which is the second country in the production of the Organization You, however, international companies and whales corruption.
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