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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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    How much does Iran get from oil fields shared with Iraq?

    Rocky
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    How much does Iran get from oil fields shared with Iraq? Empty How much does Iran get from oil fields shared with Iraq?

    Post by Rocky Sun Jun 17, 2018 7:11 pm

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    2018/06/17 9:24


    (Encyclopedia of this Day News | [You must be registered and logged in to see this link.] ) - Twilight News / Iranian Oil Ministry announced that its revenues from joint oil fields with Iraq , west of Karun, amounted to $ 5 billion a year over the past two years.

    It reported that production from the joint fields with Iraq west of the Karun River reached 300,000 barrels per day.

    Iranian media reported that Iran produces about 68 thousand barrels of crude oil per day from 4 fields shared with Iraq, namely Dahlran and Shahr oil and Bider West and Aban.

    "Drilling is currently underway in eight sites in a number of fields between Iran and Iraq, and the results are satisfactory," quoted Mehdi Fakur, executive director of Iran's central oil company, as saying.

    It is expected that the next few days will witness the signing of a final agreement between Iran and Iraq for the joint investment of oil fields on the borders of the two countries, according to the statement of the Iraqi Oil Ministry.

    The initial agreement was signed in August 2017 between Iraqi Oil Minister Jabbar al-Luaibi and his Iranian counterpart Begin Zanganeh in Tehran.

    The initial agreement includes the joint investment of two oil fields in Diyala province and Sinbad in the southern province of Basra.

    Iraq has 24 oilfields shared with Iran, Kuwait and Syria, including 15 fields productive and the other untapped, and most prominent fields of Safwan, Rumaila and Zubayr with Kuwait, and Majnoun, Abu Gharb, Bazarkan, Al-Fakha and Khana oil with Iran.

    The issue of oil wells shared between Iraq and Kuwait and Iran after 2003, until the Ministry of Oil began to form joint technical committees in 2008 in hopes of resolving this file, but did not submit any final report to date, raising doubts about its work.



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