"Exxon Mobil" re-experts to an oil field in Basra .. Iraq denies the suspension of negotiations

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[size=52]"Exxon Mobil" re-experts to an oil field in Basra .. Iraq denies the suspension of negotiations[/size]

[size=45]Basra Oil Company said that Exxon Mobil Company has promised to return its experts to their work offices in West Qurna 1 field within the coming days and confirmed the preparation of a program to modernize and expand the export system through the southern ports.
[size=45]The semi-official Al-Sabah daily quoted the company's director general Ihsan Abdul-Jabbar as saying that the company has spare capacity to raise the rate of export of crude oil to a level higher than the current stable at 3 million and 400 thousand barrels per day in compliance with the limits of OPEC Which aims to stabilize and support oil prices in world markets.[/size]
[size=45]He pointed out that experts from ExxonMobil, the main operator of West Qurna 1 field, will soon return to their work offices in the field north of Basra in accordance with the terms of the oil licensing contract for 2010 after a period of transfer of operations management to its offices in the United Arab Emirates.[/size]
[size=45]Abdul Jabbar stressed that negotiations with ExxonMobil would not stop over the investment offer in the South Integrated Project, pointing out that the Ministry of Oil has formed a permanent committee at its headquarters to study and review the data of the technical and commercial offer of this giant project, noting that it is not surprising that this subject takes a period It is a long time in negotiations because it is one of the largest mega projects in the region in terms of the diversity of projects and the amount of money invested.[/size]
[size=45]He said that in implementation of the memorandum of the Ministry of Oil to the understanding with the State of Kuwait, which was approved by the Council of Ministers recently, the two parties agreed to assign an international consultant to study the status of joint oil reservoirs in specific fields with Kuwait and the preparation of special outputs for the joint investment of the fields "Rakta" and "dome Safwan ”to ensure the economic interests and benefits of the two countries.[/size]
[size=45]Regarding the development and modernization of the crude oil export pipeline system, Abdul Jabbar said that the Ministry of Oil has prepared a technical and engineering program to modernize and expand the export system by extending three pipelines from crude oil stations and warehouses in the oil areas in Basra to export stations in the ports of Basra and Khor Al-Amiya in the northern Arabian Gulf. Export capacity of 1.5 million barrels per day, in addition to the current export capacity of 3 million and 750 thousand barrels to achieve a proven reliability at the rate of 5 million and 500 thousand barrels through the southern ports after completion.[/size]


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