Baghdad - INA - Muhammad al-Talbi The
Ministry of Oil revealed, today, Wednesday, that it is holding talks with the United States and China to invest gas in Dhi Qar and Maysan, while it indicated that the Karbala refinery will work to stop the import of oil derivatives.
A spokesman for the Ministry of Oil, Assem Jihad, told the Iraqi News Agency (INA): "Iraq has achieved by investing in gas up to 1500 million cubic meters per day, and as a result the Ministry of Oil began to develop plans, including the announcement of an investment plan worth 3 billion in the Basra Oil Company," Which will achieve an increase in gas investment, as well as an increase in production up to 40% of national production. "
He pointed out that "the ministry will soon sign with Baker Hughes, one of the arms of General Electric Company, to invest all the gas in Dhi Qar governorate," noting that "the ministry has agreed with a Chinese company for gas investment located in Maysan Governorate."
He continued, "The governorates of Maysan and Dhi Qar will add up to 500 million cubic meters per day," noting that "there are advanced discussions with Total in the Artawia gas investment field, and as a first stage they will start with increasing production up to 300 million cubic meters in a record time, and this would This will be reflected in gas investment, which will positively affect national gas production. "
Regarding Mustafa Karbala's file and efforts to achieve self-sufficiency in oil derivatives, Jihad said, "The ministry has made a great achievement in the Karbala oil refinery project in the Karbala province, which is one of the most promising projects and a quantum leap in the manufacturing industry and refineries."
He added that "the Karbala refinery is integrated in terms of infrastructure, as well as the technology used in this project, which comes within European specifications, which would meet a large part of the Iraqi national production and fill the local need."
He stressed that "the project is characterized by the absence of waste like the rest of the refineries that produce wastes of more than 50% or less of black oil, and all of its production is high-specification white derivatives that are environmentally friendly."
He pointed out that "the completion rate of the Karbala refinery project is currently about 90%, and it is hoped to start the stages of trial operation early next year, which will stop the import after operating this refinery, in addition to other projects."
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