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Iraq approves a huge budget to develop the third largest field in the world
[size=11]Posted: 01.04.2021 | 11:45 GMT |[You must be registered and logged in to see this link.][/size]
Iraq has approved an investment budget of about $ 1.15 billion for the year 2021 to develop the giant Majnoon oil field in the south of the country, an executive in the Iraqi oil sector said Thursday.
Diaa Shaker, director of Majnoon field, told "Reuters" in an interview in the field located in the south of the country near Basra, that Iraq plans to increase production from the oil field to 450 thousand barrels per day from 130 thousand barrels per day currently within three years.
The Majnoon field in southern Iraq is considered the third largest oil field in the world, and its reserves estimated by the Iraqi Ministry of Oil are 12.6 billion barrels.
[You must be registered and logged in to see this link.]
[size=11]Posted: 01.04.2021 | 11:45 GMT |[You must be registered and logged in to see this link.][/size]
Iraq has approved an investment budget of about $ 1.15 billion for the year 2021 to develop the giant Majnoon oil field in the south of the country, an executive in the Iraqi oil sector said Thursday.
Diaa Shaker, director of Majnoon field, told "Reuters" in an interview in the field located in the south of the country near Basra, that Iraq plans to increase production from the oil field to 450 thousand barrels per day from 130 thousand barrels per day currently within three years.
The Majnoon field in southern Iraq is considered the third largest oil field in the world, and its reserves estimated by the Iraqi Ministry of Oil are 12.6 billion barrels.
[You must be registered and logged in to see this link.]
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