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[size=36]Iraq chooses Hyundai to build a $ 2.4 billion seawater treatment and injection project[/size]
Economy | 08:44 - 03/06/2019
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BAGHDAD (
Reuters) - Iraq has chosen Hyundai Engineering and Construction to build a $ 2.4 billion seawater treatment and injection project, an important project to increase the country's oil production capacity, according to Reuters, Ihsan
Abdul Jabbar, Granting the deal to Hyundai still requires final approval from the Ministry of Oil. "
"The project must be completed within four years and initially produce five million barrels of water per day, with an eventual production capacity of 7.5 million barrels per day of water," he said.
Iraq, OPEC's second-largest oil producer, needs to inject water into its wells or risk losing pressure and facing significant declines, particularly in its old oilfields. The use of treated seawater is one of the best alternatives because fresh water is scarce resources in Iraq
Reuters) - Iraq has chosen Hyundai Engineering and Construction to build a $ 2.4 billion seawater treatment and injection project, an important project to increase the country's oil production capacity, according to Reuters, Ihsan
Abdul Jabbar, Granting the deal to Hyundai still requires final approval from the Ministry of Oil. "
"The project must be completed within four years and initially produce five million barrels of water per day, with an eventual production capacity of 7.5 million barrels per day of water," he said.
Iraq, OPEC's second-largest oil producer, needs to inject water into its wells or risk losing pressure and facing significant declines, particularly in its old oilfields. The use of treated seawater is one of the best alternatives because fresh water is scarce resources in Iraq
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