Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Oil Minister: We are able to manage the shares of licensing companies

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 272448
    Join date : 2012-12-21

    Oil Minister: We are able to manage the shares of licensing companies Empty Oil Minister: We are able to manage the shares of licensing companies

    Post by Rocky Sat 31 Jul 2021, 7:07 am

    [You must be registered and logged in to see this link.]
    [You must be registered and logged in to see this image.]


     Baghdad - Saad Al-Sammak
    The Chairman of the Ministerial Council for Energy and Oil Minister Ihsan Abdul-Jabbar Adoul announced the company’s decision to sell the company’s share in the (West Qurna-2) field to Chinese companies, stressing Iraq’s ability to acquire shares that oil licensing companies wish to proceed with their sale deals in the market. Globalism.  
    Abdul-Jabbar said in a statement to (Al-Sabah) newspaper, which was followed by the Iraqi News Agency (INA): "The Russian (Lukoil) company has previously sent an official notification stating that it wants to sell its share in the (West Qurna-2) field to Chinese companies because (the existing investment) In Iraq, it is not appropriate in the eyes of large investors) according to the company’s description, as well as (most of them - that is, investors - in Iraq are either looking for another market or a partner to invest in the renewable energy sector), according to her saying. 
    He stressed that "discussions with the company (Lukoil) during the last six months contributed to the company's official retraction from its desire to offer part of the shares for trading for sale to other companies." He added that "understanding the motives of (Lukoil) has contributed to the development of solutions, in coordination with the Ministry of Oil, to some of the problems that the company believes have changed positively for the benefit of both parties." 
    Regarding Iraq’s purchase of the share of the American multinational company (Exxon Mobil), the main operator of the (West Qurna-1) field, the Minister of Oil said: “We respect the contracts regarding the timing, but we were some time late in completing the share purchase program (Exxon Mobil) and that is currently being addressed. To obtain official approvals for the purpose of purchasing for the Basra Oil Company. 
    Abdul-Jabbar expressed his strong desire, supported by the same capabilities and expertise in the Ministry of Oil sector, "to acquire (ExxonMobil)'s share in the oil fields, as happened on August 12, 2018 after the withdrawal of (Shell) Oil Company from the (Magnon) field," stressing that "the success recorded globally In the management and operation of the (Basra Oil) Company for the Majnoon field, evidence of our adherence to our great capabilities,” he added by saying: “The government and the ministry still support maintaining foreign investment in order to maintain modernity and development in partnership with major foreign companies in the maturation of logistics projects (transport, training and development). And investment in solar energy projects) by luring foreign companies to invest in solar energy and gas projects, and building electricity plants with alternative energy, which is what is currently being discussed. 
    Abdul Jabbar affirmed that the project to import gas from the Basra port is proceeding with the aim of achieving sufficiency in the speed possible to equip electricity production stations with natural gas fuel, announcing the submission of several companies to offers to supply Iraq with natural gas in the current stage, in parallel with the government’s tendency to pump investments in the gas investment sector. The approval of the Council of Ministers for a partnership contract with (Total) to build gas complexes in southern Iraq will help the country reach the production target to invest more than four billion standard cubic feet per day by 2024, enough to produce more than 10 kilowatts (10 thousand MW). Watts) from gas-electric power plants.
    They added that this "will help the country to gradually reduce the rate of the natural gas import bill over the coming years and get rid of the phenomenon of burning natural gas associated with crude oil in line with the environmental protection system and international requirements and standards in freezing energy produced with specific carbon fuels."
    [You must be registered and logged in to see this link.]

      Current date/time is Sun 23 Jun 2024, 8:24 pm