Wasit gets a boost from the petrodollar to run its stalled projects
15/8/2018 12:00 am
[rtl]Welcomed the announcement of two of its fields in the licensing rounds next
Kut / Hassan Shahid al-Azzawi
Wasit province received a batch of its share within the petrodollar and regional development budget will contribute to the operation of suspended projects with high completion rates, while the province confirmed that the Finance promised to hand over other payments in the coming days, Welcomed the announcement of two of its oil fields in the next licensing rounds, stressing the need to establish a refinery of its own like the provinces producing.
The Governor of Wasit Mahmoud Abdul Redha for (morning): The province has received the amount of 26 billion dinars within the first installment of the benefits of petrodollar amounts and the development of regions, noting that the amounts came within the fulfillment of the promises made by the Council of Ministers to implement the demands of the demonstrators.
He pointed out that the Ministry of Finance promised to hand over the new financial payments within its share of the general budget during The next few days to cover the rest of the expenses of the province and accelerate the implementation of projects stalled by the financial crisis.
He added that the province needs about 200 billion dinars to cover all its expenses and the movement and completion of all projects entrusted to it, pointing out that all contractors and owners of companies will receive their financial benefits, which is the government without discrimination.
The governor of Wasit, Adel al-Zarkani said in a statement to the "morning" that the local administration in Wasit welcomed the announcement of fields Zafaria south of Kut and Zerazir north of Kut within the next licensing rounds, noting that the fields were discovered by the Ministry of Oil in the seventies of the last century.
He added that the areas where these fields are poor and experienced the migration of its population, but the investment will return the population again, which will revive the region economically by finding employment and petrodollar revenues, pointing out that the contract on oil fields is the responsibility of the government, but we seek to overcome all the obstacles that Facing work.
He explained that the province revealed its oil strategy for the year 2018 through the production of the field Ahdab oil of crude oil card exceeded 170 thousand barrels per day and production of 77 thousand barrels per day from the oil field of Badra in a move to reach 170 thousand barrels next year, noting that energy is today of The most important sectors with the financial return of the general budget, as well as the industries to which the petrochemical industries are associated. Zarkani called for the need to establish a special oil refinery by becoming the province of oil cities, and the company was transferred to the center of oil city of Kut.
The province of Wasit two oil fields first is Ahdab west of Kut, which has a production rate of 170 thousand barrels per day, one of the fields not fully invested, and it is hoped that the capacity of production if developed 200,000 barrels per day. The second field is Badra oil, east of Kut, which began commercial pumping at the end of August 2014, and its production reached 77 thousand barrels per day of light crude oil, whose oil resources are estimated at 3 billion barrels of crude oil, one of the fields with Iran.[/rtl]
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