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Iraq boosts its oil production capacity
28/4/2018 12:00 am [rtl]6 contracts for new border explorations Baghdad / Al-Sabah The government has stepped up its efforts to boost the country's financial revenues when it succeeded in awarding six new exploration plots out of the 11 land and sea border areas it had announced in the new oil licensing rounds in a move to boost oil reserves and increase the country's exports. Oil. The process of transferring the new exploration patches coincided with the conclusion of the Basra Oil Company contracts for the operation and maintenance of the Majnoon field with the companies (Anton) Chinese and (KBR), to develop the US production processes. Iraq's representative to the Organization of the Petroleum Exporting Countries, Ali Nizar, announced last week that Iraq aims to balance the market and not the price of oil, while the Ministry of Oil said that the exports for the month of March, reached 107 million and 50 thousand barrels of crude oil, And 435 million and 210 thousand dollars. The Minister of Oil, Jabbar Ali Al-Allaibi, during the bidding process for the development of (11) land and sea exploration exploratory area, according to a press statement received «morning»: that «was transferred 6 exploratory spots for rehabilitation and development during the licensing round organized by the Department of contracts and licensing of petroleum out of ( 11) patch », explaining that« qualified companies did not offer their bids on the remaining (5) of the round of competition ». [/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
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