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The Ministry of Oil stresses the need to complete investment projects to support the national economy
- Time: 06/10/2021 12:08:56
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{Economic: Al Furat News} The Ministry of Oil stressed, on Thursday, the need to complete investment projects to support the national economy
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The Minister of Oil, Ihsan Abdul-Jabbar Ismail, chaired an extraordinary meeting of the opinion board, during which the ministry’s major strategic and investment projects and plans were discussed, plans to develop oil fields were reviewed, and projects were completed in support of the national economy, according to the ministry’s statement.
"During the meeting, the minister stressed the importance of proceeding with the implementation of major projects that contribute to the sustainable development of the national economy, especially in the field of gas investment and liquidation projects that the ministry is working to implement through the national effort or through cooperation with international companies."
The plan of major projects for the Basra Oil Company in the field of developing storage and export capabilities was discussed, as well as the integrated gas collection project through which gas is collected and refined from the fields (Al-Touba, Al-Luhais, Artawi, Majnoon) and the projects related to this major project, the most important of which is the development of the Artawi field and the construction of water facilities Central and infrastructure.
The Minister and members of the opinion board listened to an explanation given by the Executive Director of Basra Gas Company “Malcom” regarding the financial business plan to develop work in the company for the year 2021, which includes the addition of (NGL) units during the years 2022-2023 in addition to the plans for collecting and exporting gas, stressing the need to develop work in The company by investing all capabilities to increase production to provide gaseous fuels for electric power plants and petrochemical industries.
The meeting also listened to the presentation made by the Chinese company CPECC regarding a gas project in favor of the Maysan Oil Company, which is the first of its kind in the province, and the mechanisms for expediting the technical and commercial decisions of the project.
During the meeting, important projects in the liquidation sector were reviewed, including the follow-up to the completion of the Karbala refinery project in the Central Refineries Company and the FCC project in the South Refineries Company, and it was emphasized the necessity of completion according to the prepared plans.
[You must be registered and logged in to see this link.]
{Economic: Al Furat News} The Ministry of Oil stressed, on Thursday, the need to complete investment projects to support the national economy
The useful summary.. In important news, you can find it in the Euphrates News channel on the telegram.. [You must be registered and logged in to see this link.]
The Minister of Oil, Ihsan Abdul-Jabbar Ismail, chaired an extraordinary meeting of the opinion board, during which the ministry’s major strategic and investment projects and plans were discussed, plans to develop oil fields were reviewed, and projects were completed in support of the national economy, according to the ministry’s statement.
"During the meeting, the minister stressed the importance of proceeding with the implementation of major projects that contribute to the sustainable development of the national economy, especially in the field of gas investment and liquidation projects that the ministry is working to implement through the national effort or through cooperation with international companies."
The plan of major projects for the Basra Oil Company in the field of developing storage and export capabilities was discussed, as well as the integrated gas collection project through which gas is collected and refined from the fields (Al-Touba, Al-Luhais, Artawi, Majnoon) and the projects related to this major project, the most important of which is the development of the Artawi field and the construction of water facilities Central and infrastructure.
The Minister and members of the opinion board listened to an explanation given by the Executive Director of Basra Gas Company “Malcom” regarding the financial business plan to develop work in the company for the year 2021, which includes the addition of (NGL) units during the years 2022-2023 in addition to the plans for collecting and exporting gas, stressing the need to develop work in The company by investing all capabilities to increase production to provide gaseous fuels for electric power plants and petrochemical industries.
The meeting also listened to the presentation made by the Chinese company CPECC regarding a gas project in favor of the Maysan Oil Company, which is the first of its kind in the province, and the mechanisms for expediting the technical and commercial decisions of the project.
During the meeting, important projects in the liquidation sector were reviewed, including the follow-up to the completion of the Karbala refinery project in the Central Refineries Company and the FCC project in the South Refineries Company, and it was emphasized the necessity of completion according to the prepared plans.
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