[You must be registered and logged in to see this image.]
Today, Wednesday, the Ministry of Oil revealed plans to invest gas in three provinces by Chinese, American and French companies, while determining Iraq's daily need for gas, noting that there are talks with Saudi Arabia to introduce its energy companies into the country.
The ministry's spokesman, Assem Jihad, told the official agency, and the "National News Center" followed him, that "Iraq invests in gas by 50-60%, with the investment volume reaching 1500 million standard cubic meters per day, which supplies electric power stations with that," noting that “The other stations are supplied with millions of meters of fuel, which includes black and Caswell crude oil, and the stations consume about 250 thousand barrels, and therefore the quantity is large.”
He added, "The ministry has drawn up plans and agreed with a Chinese company to invest all the gas in the Maysan Governorate, and it has also been agreed with the Baker Hughes Company, one of the arms of the American company GI, to invest all the gas in the Dhi Qar Governorate, and there are understandings with the French company Total to invest the rest." of gas in Basra Governorate.
He stressed that "Iraq's need of gas reaches 3 thousand million standard cubic meters per day, as energy increases with the relative growth of the population and the annual consumption rate, and thus constitutes 50%," noting that "what is imported is 750 million standard cubic feet of Iran".
He added that "after 2003, Iraq invested the gas that was burning at a value of 700 million standard cubic feet, and now the investment has reached 1500 million standard cubic feet, and this means that the investment has doubled," explaining that "the proportion of associated gas is related to the increase in production and the more it increases." The burning process increases production and therefore needs to expand investment in projects.”
And Jihad indicated that "the gas industry needs advanced technology and contracting with international companies," noting that "international companies or global investment needs several factors in order to exist in Iraq, including security and political stability."
He stated that “political statements may prevent companies from being present in Iraq, and therefore we need the cooperation of all parties to attract investments to provide a safe and not anxious environment because it will lead to the reluctance of investors, especially international companies,” adding that “in all the world there are companies to invest gas and therefore need to allocate funds. It is very big, and we are trying to attract international companies to enter into gas investment, as happened with Total, with whom we reached a preliminary agreement to invest the rest of the gas and also in the field of clean energy.”
Jihad pointed out that "the Ministry of Oil took the initiative in cooperation with the Ministry of Electricity to attract international companies to invest in clean energy, such as solar or alternative energy," noting that "among the plans of the government and the ministry is an investment of up to 10,000 megawatts over the coming years, as some contracts were referred to companies and thus The government is moving in that direction.”
The ministry's spokesman stated that "the free gas present in the ground, such as crutches and Mansouriya, was presented in the licensing rounds and was won by international companies, as the crutch gas was won by the Korean Kokaz Company, and the Mansouriya gas was won by a coalition of Turkish companies and the Kuwaiti Kuwait Energy Company, but that These companies failed due to the security situation after the entry of ISIS in 2014, which prevented them from implementing their plans.”
He stressed that "after the security stability, the ministry is trying to negotiate with international companies to invest free gas, but we need security and political stability factors in those areas, as we have succeeded in referring the Mansouriya field to the Chinese company, and it is hoped that the peak plan will reach 300 million cubic feet per day." He explained that "the Mansouriya contract was referred to the Council of Ministers for approval."
Jihad indicated that "the ministry is seeking to invest gas in the crutch by negotiating with several companies," noting that "the Oil Ministry had discussions today within the television circuit with Saudi Arabia, and the Saudi side expressed its desire to enter into several projects in the field of gas and petrochemical investment and to engage with other companies to develop The crutch field and also on the topic of the Nibras project for the petrochemical industry and in the field of general energy.”
He explained that "the Basra Gas Company, which was established for the purpose of investing gas from four fields, production reached between 900 and 1,000 million standard cubic feet per day, but the plan includes that its production would reach 2,000 million standard cubic feet, because there was a cornerstone and the implementation of stations and others," stressing that “The invested energy has reached 1500 million standard cubic feet, and this is not a small amount, as foreign companies operating in Iraq to develop oil fields rely on themselves to generate electric power and the surplus from it to supplement the national energy system.”
[You must be registered and logged in to see this link.]
Economie
[size=38]CHINESE, AMERICAN AND FRENCH COMPANIES ENTER THE FIELD OF GAS INVESTMENT IN 3 IRAQI GOVERNORATES[/size]
Wed, Jun 9, 2021 5:46 PM
Today, Wednesday, the Ministry of Oil revealed plans to invest gas in three provinces by Chinese, American and French companies, while determining Iraq's daily need for gas, noting that there are talks with Saudi Arabia to introduce its energy companies into the country.
The ministry's spokesman, Assem Jihad, told the official agency, and the "National News Center" followed him, that "Iraq invests in gas by 50-60%, with the investment volume reaching 1500 million standard cubic meters per day, which supplies electric power stations with that," noting that “The other stations are supplied with millions of meters of fuel, which includes black and Caswell crude oil, and the stations consume about 250 thousand barrels, and therefore the quantity is large.”
He added, "The ministry has drawn up plans and agreed with a Chinese company to invest all the gas in the Maysan Governorate, and it has also been agreed with the Baker Hughes Company, one of the arms of the American company GI, to invest all the gas in the Dhi Qar Governorate, and there are understandings with the French company Total to invest the rest." of gas in Basra Governorate.
He stressed that "Iraq's need of gas reaches 3 thousand million standard cubic meters per day, as energy increases with the relative growth of the population and the annual consumption rate, and thus constitutes 50%," noting that "what is imported is 750 million standard cubic feet of Iran".
He added that "after 2003, Iraq invested the gas that was burning at a value of 700 million standard cubic feet, and now the investment has reached 1500 million standard cubic feet, and this means that the investment has doubled," explaining that "the proportion of associated gas is related to the increase in production and the more it increases." The burning process increases production and therefore needs to expand investment in projects.”
And Jihad indicated that "the gas industry needs advanced technology and contracting with international companies," noting that "international companies or global investment needs several factors in order to exist in Iraq, including security and political stability."
He stated that “political statements may prevent companies from being present in Iraq, and therefore we need the cooperation of all parties to attract investments to provide a safe and not anxious environment because it will lead to the reluctance of investors, especially international companies,” adding that “in all the world there are companies to invest gas and therefore need to allocate funds. It is very big, and we are trying to attract international companies to enter into gas investment, as happened with Total, with whom we reached a preliminary agreement to invest the rest of the gas and also in the field of clean energy.”
Jihad pointed out that "the Ministry of Oil took the initiative in cooperation with the Ministry of Electricity to attract international companies to invest in clean energy, such as solar or alternative energy," noting that "among the plans of the government and the ministry is an investment of up to 10,000 megawatts over the coming years, as some contracts were referred to companies and thus The government is moving in that direction.”
The ministry's spokesman stated that "the free gas present in the ground, such as crutches and Mansouriya, was presented in the licensing rounds and was won by international companies, as the crutch gas was won by the Korean Kokaz Company, and the Mansouriya gas was won by a coalition of Turkish companies and the Kuwaiti Kuwait Energy Company, but that These companies failed due to the security situation after the entry of ISIS in 2014, which prevented them from implementing their plans.”
He stressed that "after the security stability, the ministry is trying to negotiate with international companies to invest free gas, but we need security and political stability factors in those areas, as we have succeeded in referring the Mansouriya field to the Chinese company, and it is hoped that the peak plan will reach 300 million cubic feet per day." He explained that "the Mansouriya contract was referred to the Council of Ministers for approval."
Jihad indicated that "the ministry is seeking to invest gas in the crutch by negotiating with several companies," noting that "the Oil Ministry had discussions today within the television circuit with Saudi Arabia, and the Saudi side expressed its desire to enter into several projects in the field of gas and petrochemical investment and to engage with other companies to develop The crutch field and also on the topic of the Nibras project for the petrochemical industry and in the field of general energy.”
He explained that "the Basra Gas Company, which was established for the purpose of investing gas from four fields, production reached between 900 and 1,000 million standard cubic feet per day, but the plan includes that its production would reach 2,000 million standard cubic feet, because there was a cornerstone and the implementation of stations and others," stressing that “The invested energy has reached 1500 million standard cubic feet, and this is not a small amount, as foreign companies operating in Iraq to develop oil fields rely on themselves to generate electric power and the surplus from it to supplement the national energy system.”
[You must be registered and logged in to see this link.]
Today at 3:32 pm by Rocky
» The Minister of Oil sponsors the signing of an agreement to develop the Tuba oil field project with
Today at 3:26 pm by Rocky
» In numbers... Basra Oil explains the importance of the Tuba field after signing a contract to develo
Today at 3:25 pm by Rocky
» Electricity: The government provides energy at subsidized prices for (4) categories
Today at 3:24 pm by Rocky
» The electricity produced in Iraq covers 65% of demand... and 15 thousand megawatts is a “deficit”
Today at 3:22 pm by Rocky
» Parliamentary services: Government interest in Baghdad will make it one of the most beautiful capita
Today at 3:21 pm by Rocky
» Basra Council emphasizes work to qualify young people and place them in the labor market
Today at 3:19 pm by Rocky
» Politician: Al-Kadhimi was recommending that Plasschaert write “negative” reports about Iraq
Today at 3:17 pm by Rocky
» Trade launches operations to lift the ban on the ration card next to Rusafa
Today at 3:16 pm by Rocky
» utube 5/12/24 Iraqi Dinar | Citi Bank Announced New Rate Of The Iraqi Dinar | Dinar News Today 202
Today at 7:00 am by Rocky
» utube 5/9/24 MM&C 0:02 / 46:46 PM - Al-Sudani - Golden Opportunity - Private Sector - Contra
Today at 6:57 am by Rocky
» utube MM&C 5/11/24 Iraqi Dinar - IQD Update - International - IraqTiming - 2024 Budget Schedule - Sp
Today at 6:55 am by Rocky
» Bahr Al-Ulum calls for legislating the renewable energy law and localizing the solar panel industry
Today at 6:49 am by Rocky
» In numbers: the rise in internal debt in Iraq
Today at 6:49 am by Rocky
» Jordan demands that Iraq continue to export oil for another three months
Today at 6:46 am by Rocky
» Iraq is the largest producer.. OPEC+ is pumping higher than scheduled and in anticipation of the Jun
Today at 6:44 am by Rocky
» Close to the coordination framework: There is no intention to change the internal regulations of Par
Today at 6:43 am by Rocky
» Central Bank sales exceed $274 million today
Today at 6:41 am by Rocky
» But the representative of the exchange companies is pessimistic... Why did the dollar fall?... The C
Today at 6:38 am by Rocky
» Jordan addresses Iraq to extend a memorandum of understanding to purchase oil
Today at 6:36 am by Rocky
» Bribes increased from 3,000 to 50,000 dollars.. What is the condition of alcohol in Iraq after the p
Today at 6:34 am by Rocky
» Presence movement: Sunnis and Kurds while the Americans remain in Iraq
Today at 5:31 am by Rocky
» A deputy reveals the contents of the first water strategy in Iraq
Today at 5:29 am by Rocky
» Soon...the second reading of the proposed red card law
Today at 5:28 am by Rocky
» The discovery of 10 new oil and gas fields in the Anbar desert
Today at 5:27 am by Rocky
» A bloc announces to “Al-Ma’louma” the date of the parliamentary speaker’s election session
Today at 5:26 am by Rocky
» Parliamentary Finance explains the mechanism for amending the retirement law
Today at 5:24 am by Rocky
» Sovereignty accuses Al-Halbousi of obstructing the election of a Speaker of Parliament
Today at 5:23 am by Rocky
» Parliamentary Agriculture accuses Kurdistan of harming the farmers of the center and south
Today at 5:22 am by Rocky
» Al-Sudani confirms Iraq's readiness to host the Arab Network conference
Today at 5:21 am by Rocky
» Nechirvan Barzani calls on the Iraqi government to allocate a budget to confront climate change
Today at 5:20 am by Rocky
» “Iraq is in danger.” Political warnings against ending the work of the UN mission
Today at 5:19 am by Rocky
» The Iraqi Interior Minister announces the signing of a security cooperation memorandum with Syria
Today at 5:17 am by Rocky
» The Minister of Oil told “Al-Iqtisad News”: The 5th and 6th rounds will add 3 Mqmq of gas to Iraq’s
Today at 5:16 am by Rocky
» Economist: Tax revenues from the private sector should be 4 trillion dinars annually
Today at 5:14 am by Rocky
» The Real Estate Bank calls on the Iraqi Central Bank to determine a plan to allocate a new initiativ
Today at 5:13 am by Rocky
» More than one billion and 400 million dollars...CBI sales within a week
Today at 5:12 am by Rocky
» Oil: Iraq achieved self-sufficiency in liquid gas and began exporting the surplus
Today at 5:10 am by Rocky
» Iraq begins exporting liquid gas
Today at 5:09 am by Rocky
» The Cabinet Secretariat sets to Al-Iqtisad News the completion date for the Chinese agreement school
Today at 5:09 am by Rocky
» Securities: The most recent law of the Authority in the Arab and regional countries
Today at 5:07 am by Rocky
» A European desire to strengthen security and economic cooperation with Baghdad
Today at 5:06 am by Rocky
» The close selection of a person for the position of Speaker of Parliament
Today at 5:05 am by Rocky
» Parliamentary law excludes the exchange of penalties for cash amounts
Today at 5:04 am by Rocky
» An agreement with Italy to finance industrial projects
Today at 5:02 am by Rocky
» The Najaf Chamber of Commerce signs a “memorandum of understanding” with its Thai counterpart
Today at 5:01 am by Rocky
» Baghdad, Arab Forum
Today at 5:00 am by Rocky
» Specialists: Economic integration and job opportunities await development
Today at 4:59 am by Rocky
» The President of the Republic, Nechirvan and Barzani stress the necessity of coordinating efforts be
Today at 4:57 am by Rocky
» The Judicial Institute announces the names of those accepted for the 48th and 49th sessions
Today at 4:56 am by Rocky
» Today's newspapers are interested in launching the fifth licensing supplement rounds and the sixth l
Today at 4:55 am by Rocky
» Al-Sudani receives the Secretary-General of the Arab Network for National Human Rights Institutions
Today at 4:53 am by Rocky
» Trade participates in the meetings of the Economic and Social Council at the level of senior officia
Today at 4:52 am by Rocky
» The Minister of Transport discusses with the Tunisian Minister of Foreign Affairs and Immigration wa
Today at 4:50 am by Rocky
» Iraq recorded an increase in its oil exports to the United States last week
Today at 4:49 am by Rocky
» It is governed by three dimensions.. Parliament talks about a strategic priority for Iraqi national
Today at 4:48 am by Rocky
» To what extent do Arab countries influence politically Iraq? It has become more independent
Today at 4:46 am by Rocky
» The Iranian ambassador in Baghdad: Iraq has paid its debts, and the security agreement includes thre
Today at 4:45 am by Rocky
» Dollar exchange rates decline slightly on the Baghdad Stock Exchange
Today at 4:44 am by Rocky
» China has 18% of the fields in the two new rounds, and 11 countries share the remainder
Today at 4:43 am by Rocky
» On the table...a proposal for the Kurdistan oil crisis and an effort to conclude a similar agreement
Today at 4:42 am by Rocky
» Al-Awadi: A government decision to provide sovereign guarantees and guarantees to encourage the inve
Today at 4:40 am by Rocky
» 6 Chinese companies are among the winners of developing Iraqi oil and gas fields
Today at 4:38 am by Rocky
» Baghdad gives UNAMI the end of 2025 to leave the country after fiery briefings
Today at 4:37 am by Rocky
» Dhi Qar clarifies: The quarry burying radioactive materials is regular and does not pose a danger
Today at 4:36 am by Rocky
» Al-Sudani: There are 64 lagging projects in Babylon
Today at 4:34 am by Rocky
» The housing crisis is expanding and planning confirms: Iraq needs 3 million housing units to solve i
Today at 4:34 am by Rocky
» 90 billion dinars were recovered from social protection violators
Today at 4:32 am by Rocky
» Iraq seeks to increase its oil reserves to more than 160 billion barrels
Today at 4:31 am by Rocky
» After keeping the numbers secret... Did the rain increase Iraq's water reserves by 120%?
Today at 4:30 am by Rocky
» In the first quarter of 2024.. Iran will displace Iraq and become the second largest producer in OPE
Today at 4:28 am by Rocky
» Iraqi oil exports to Jordan stopped 20 days ago
Today at 4:27 am by Rocky
» Iraq and Syria sign a memorandum of security cooperation in several fields
Today at 4:25 am by Rocky
» Parliament recommends stopping electronic schools in Iraq
Today at 4:24 am by Rocky
» Parliamentary law rules out passing a law replacing penalties with sums of money
Today at 4:22 am by Rocky
» After a rare meeting... sources talk about Al-Sadr's future in political life in Iraq
Today at 4:21 am by Rocky
» The President of the Republic warns of climate change and its threat to food security and future gen
Today at 4:20 am by Rocky
» The Iranian ambassador to Iraq talks about negotiations for the withdrawal of American forces and Tu
Today at 4:19 am by Rocky
» Deputy: Iraq represents an important factor in the stability of the global oil market
Today at 4:16 am by Rocky
» Transportation: The Iraqi-Turkish technical committees continue to fulfill the requirements for impl
Today at 4:15 am by Rocky
» Economic: Raising the interest rate will reduce real estate prices
Yesterday at 7:20 am by Rocky
» Did Barzani agree in Tehran to end the presence of Iranian groups in Kurdistan? - urgent
Yesterday at 7:16 am by Rocky
» Al-Sudani: We are establishing a new situation for the global energy market through the Development
Yesterday at 7:14 am by Rocky
» Al-Sudani: The government program devoted a wide scope to the government’s vision for oil and gas in
Yesterday at 7:11 am by Rocky
» Al-Awadi: Ending the work of the UNAMI mission is consistent with the government’s vision in this fi
Yesterday at 7:10 am by Rocky
» MM&C Floating the dinar" returns to the forefront.. Will the Central Bank of Iraq resort to it and w
Yesterday at 5:24 am by Rocky
» The Secretary of the Ministry of Defense meets with the Commander of the NATO mission
Yesterday at 5:17 am by Rocky
» Expert: The stability of the economy is linked to the political situation
Yesterday at 5:13 am by Rocky
» A parliamentary request to lift the injustice against 20,000 Iraqi employees
Yesterday at 5:09 am by Rocky
» Parliamentary Finance criticizes the government's failure to send the budget schedules
Yesterday at 5:08 am by Rocky
» Minister of Oil: The 5th and 6th licensing rounds will take place within the framework of exploratio
Yesterday at 5:07 am by Rocky
» Al-Sudani: Iraq is a difficult number in the global market in the field of energy
Yesterday at 5:06 am by Rocky
» Al-Khanjar rejects Al-Halbousi’s request to head Parliament
Yesterday at 5:05 am by Rocky
» Revealing the date of the arrival of the 2024 budget schedules
Yesterday at 5:04 am by Rocky
» Al-Halbousi nominates Talal Al-Zubaie for presidency of the House of Representatives
Yesterday at 5:03 am by Rocky
» "A coup in Iraqi universities"... Replacement of presidents and deans under the new education law
Yesterday at 5:01 am by Rocky
» Al-Sudani: Iraq is a difficult number in the equation of energy and oil wealth in the region and the
Yesterday at 5:00 am by Rocky
» Minister of Oil: We hope to announce an increase in Iraq’s oil reserves to 160 billion barrels
Yesterday at 4:58 am by Rocky
» Iraq's mass graves...stories that did not end with the burial of their owners, and the "legacy of IS
Yesterday at 4:57 am by Rocky