Iraq revives its oil wealth with an agreement to drill 131 new wells
Baghdad - the new morning:
An official in the Iraqi oil sector revealed that his country has signed contracts with foreign oil companies operating in the oil sector to drill 131 new oil wells.
This comes within the framework of Iraq's future plan to raise crude oil production capacities to 8 million barrels per day by the end of 2027.
Basem Abdel Karim, Director General of the Iraqi Drilling Company at the Ministry of Oil, told the Iraqi newspaper, "Al-Sabah" issued today, Sunday, that Iraq signed with foreign oil licensing companies and the effort Direct contracts to drill 131 new oil wells and reclaim dozens of currently producing oil fields in the governorates of Kirkuk, Baghdad, Basra, Maysan and Nasiriyah in the north, center and south of the country.
He stated that these contracts come within the framework of a long-term plan to increase crude oil production capacities in Iraq to reach 8 million barrels per day by the end of 2027.
He explained that the companies that were contracted to drill oil wells are the Italian company Eni in the Zubair oil field, the British company BP in the West Qurna field, and the Chinese company Cinoc, the operator of the Bazargan field east of Maysan, in partnership with the Chinese company Bohan.
The official added, "The Iraqi Drilling Company is currently implementing a plan to drill 20 oil wells in the Nasiriyah field in the Al-Kataa area, north of Dhi Qar, with the participation of the American company Weather Ford, to enhance the strategy to escalate production and export energy in the future, and to resume work in the Al-Gharraf field east of Dhi Qar for the benefit of the Malaysian operator Petronas. for the field.
He added that the Iraqi Oil Wells Drilling Company enjoys the support of the Ministry of Oil to develop its capabilities and make it able to resume negotiations and work with foreign oil companies operating in the country to enhance Iraq's oil capabilities, especially after the countries' economies recover and lift restrictions imposed on public activities in many industrialized countries.
In early August, the Iraqi Ministry of Oil announced the total exports and revenues generated for the month of last July, according to the statistics issued by the Iraqi Oil Marketing Company "SOMO".
The amount of crude oil exports amounted to (90) million (467) thousand and (794) barrels, with revenues amounting to (6) billion (513) million and (792) thousand dollars.
The statistics indicated that the total quantities exported of crude oil for the month of last July from oil fields in central and southern Iraq amounted to (87) million and (455) thousand and (359) barrels, while from the Kirkuk fields through Ceyhan port, the exported quantities amounted to ( 3) One million (12) thousand and (435) barrels.
The average daily quantities amounted to (2) million and (918) thousand barrels per day, while the average price per barrel amounted to (72.001) dollars.
[You must be registered and logged in to see this link.]
Baghdad - the new morning:
An official in the Iraqi oil sector revealed that his country has signed contracts with foreign oil companies operating in the oil sector to drill 131 new oil wells.
This comes within the framework of Iraq's future plan to raise crude oil production capacities to 8 million barrels per day by the end of 2027.
Basem Abdel Karim, Director General of the Iraqi Drilling Company at the Ministry of Oil, told the Iraqi newspaper, "Al-Sabah" issued today, Sunday, that Iraq signed with foreign oil licensing companies and the effort Direct contracts to drill 131 new oil wells and reclaim dozens of currently producing oil fields in the governorates of Kirkuk, Baghdad, Basra, Maysan and Nasiriyah in the north, center and south of the country.
He stated that these contracts come within the framework of a long-term plan to increase crude oil production capacities in Iraq to reach 8 million barrels per day by the end of 2027.
He explained that the companies that were contracted to drill oil wells are the Italian company Eni in the Zubair oil field, the British company BP in the West Qurna field, and the Chinese company Cinoc, the operator of the Bazargan field east of Maysan, in partnership with the Chinese company Bohan.
The official added, "The Iraqi Drilling Company is currently implementing a plan to drill 20 oil wells in the Nasiriyah field in the Al-Kataa area, north of Dhi Qar, with the participation of the American company Weather Ford, to enhance the strategy to escalate production and export energy in the future, and to resume work in the Al-Gharraf field east of Dhi Qar for the benefit of the Malaysian operator Petronas. for the field.
He added that the Iraqi Oil Wells Drilling Company enjoys the support of the Ministry of Oil to develop its capabilities and make it able to resume negotiations and work with foreign oil companies operating in the country to enhance Iraq's oil capabilities, especially after the countries' economies recover and lift restrictions imposed on public activities in many industrialized countries.
In early August, the Iraqi Ministry of Oil announced the total exports and revenues generated for the month of last July, according to the statistics issued by the Iraqi Oil Marketing Company "SOMO".
The amount of crude oil exports amounted to (90) million (467) thousand and (794) barrels, with revenues amounting to (6) billion (513) million and (792) thousand dollars.
The statistics indicated that the total quantities exported of crude oil for the month of last July from oil fields in central and southern Iraq amounted to (87) million and (455) thousand and (359) barrels, while from the Kirkuk fields through Ceyhan port, the exported quantities amounted to ( 3) One million (12) thousand and (435) barrels.
The average daily quantities amounted to (2) million and (918) thousand barrels per day, while the average price per barrel amounted to (72.001) dollars.
[You must be registered and logged in to see this link.]
» MM&C 7/11/24 "IRAQ STOPS DEALING WITH THE CHINESE YUAN ... AND THE CURRENCY BASKET IS AN
» MM&C 7/11/24 “PARIS .... THE INTERNATIONAL CHAMBER OF COMMERCE OPENS ITS HEADQUARTERS IN
» Al-Sudani directs the creation of the “Unified Retirement Platform” application
» Work: 5,000 workers apply for optional social security
» Activists threaten escalation.. Investor demolishes the walls of the “only outlet” for the people of
» Rafidain: The digital transformation plan is proceeding according to the set schedule
» The Minister of Interior anticipates the visit of Ashura with strict security measures and inspects
» Why did Iraq stop dealing in the Chinese yuan?
» Baghdad pays two salaries at once to Peshmerga members
» For the first time, Iraq's non-oil revenues record an 11% increase
» Transparency: Sulaymaniyah and Halabja imports amounted to more than 16 billion dinars during the pa
» Baghdad to Washington: The need to find a quick and fair solution to the frozen Iranian funds in Ira
» Fouad Hussein comments on Hamas' move to Baghdad: There is no official decision
» A single translator for the Chinese language.. Iraq is "locally mute" with the largest strategic par
» Integrity confirms its intention to conclude a memorandum of understanding with the US Department of
» Banking sector revives trading indicators in closing session
» "Garage disputes" on the Baghdad Council's table.. This is its call for operations in the capital
» Foreign Minister discusses with US official the issue of frozen Iranian funds in Iraq
» ICC Opens Office in Iraq: This is What We Are Working on
» Corruption surrounds Wasit.. Customs automation faces objections and this is the number of news prov
» New "secrets" regarding the "theft of the century".. Iraq recovers 20 wanted persons involved in it
» Foreign Minister stresses to US official the importance of supporting the financial and banking sect
» Al-Sudani directs the selection of targeted areas to implement the decision to convert agricultural
» The results of the "theft of the century" in Diyala are complete and its announcement is linked to B
» How do I convince them and with what? Revealing the details of the "Kirkuk Agreement" announced by A
» The Union seeks to curb the Democratic Party in Kirkuk, and rotating the governor is the closest - U
» "Bitter" facts and three-dimensional pressures in a sensitive and dangerous file that caused the was
» Baghdad hints at solution that could end fighting in northern Kurdistan
» A long investigation into the "smuggling" of Kurdistan's oil... an incomprehensible "maze" and most
» Salary scale amendment is the victim of a debate between the government and parliament.. Will the is
» Bakhtiar Haji attends the signing ceremony of the cooperation agreement between the Federal Tourism
» Ghafoor Makhmouri to Noon Radio: We hold Baghdad responsible for not resolving and settling the prob
» Al-Sudani agrees to send a fuel ship to Lebanon to spare it from total darkness
» “Open Session”: The Key to the Tough Knot in Kirkuk
» Masrour Barzani: Kurdistan Region is still a haven for anyone fleeing injustice
» International report: Iraq’s pension system is unfair, ineffective and requires comprehensive reform
» Terrifying official statistics on cases of domestic violence and blackmail within two months
» The head of the Integrity Commission is looking into Lebanon (Where did you get this from)
» Chairman of the Integrity Commission conveys a message from Al-Sudani to the Lebanese government
» Saudi Arabia is Iraq's new commercial destination.. Economist predicts the future
» The budget returns to the halls of parliament for this reason
» In Baghdad.. Closure of illegal factories and commercial warehouses
» Iraq contracts with an international company to provide consulting services for the development path
» In Iraq.. Statistics on cases of blackmail and domestic violence
» Government advisor outlines two proposals to resolve Kirkuk crisis: We seek to restore balance
» Al-Shammari regarding the visit plan: All ports are secured and no private cars will enter
» From the inside.. The secrets behind Lebanon not paying Iraq money for fuel
» Baghdad: Site of an expected meeting between two regional presidents who have been at odds for years
» Secrets of smuggling Kurdistan oil.. Has Iran become the second largest exporter in OPEC using it?
» "Ramadan comes quickly to Iraq" .. International report on the speed of time
» "Corruption without accountability"... The secrets of fictitious loans and advances
» Iraq stops dealing with the Chinese yuan...and the currency basket is an alternative
» Apart from the governorates, the parliamentary services demand the adoption of a special law for the
» Salem: The Iraqi people will not accept the continuation of the American occupation
» Central Bank of Iraq sells $270 million in auction today
» Minister of Planning discusses extending a new railway line from Al-Shuaiba to Basra
» More than 3 billion shares traded in the Iraq Stock Exchange during the week
» Al-Mandlawi refuses to withdraw the powers of the Speaker of Parliament and confirms that we will re
» Chairman of the National Investment Commission discusses climate investment plan with the United Nat
» Iraqi and Iranian Interior Ministers Issue a Set of Recommendations from Al-Mundhiriya to Make Joint
» Kurdistan Parliament Elections: Another Economic Face and Stimulation of the Region’s Market Wheel -
» Disagreement engulfs Kirkuk’s first session.. A request to keep it open and an opinion on the imposs
» Iranian Chamber of Commerce warns of losing Iraqi market
» Government's position on the "Turkish occupation".. MP: The policy of silence will have a high price
» A leader in the framework: 100 Turkish attacks without any statement of condemnation from the Iraqi
» Al-Sudani announces agreement to form Kirkuk administration coalition to include winning forces
» Coordination Framework: We will proceed with the numerical majority to choose the new parliament spe
» Minorities in the region demand increasing their seats in the Kurdistan Parliament
» Al-Sudani and the Australian Ambassador discuss the post-international coalition mission phase
» "Corruption and exemption of contractors from taxes in Al-Ahdab field" .. Integrity Commission inves
» Clarification from the Labor Department on the procedures for granting loans to finance private proj
» Health issues warning to food store owners
» With the participation of Iraq.. the beginning of the Arab Parliament meetings
» Erbil Commission continues to receive lists of candidates from alliances and parties
» Parliamentary Legal: The Constitution's Lifespan Has Ended
» Iraq needs 5 million housing units
» Journalists await the law to "protect their rights"
» OPEC+ records lowest oil production in 11 months
» Iraq Development Fund: We have started a more serious phase in supporting investment
» Development insurance
» Next week.. A new mechanism for selling travelers' dollars
» Iraq participates in the meetings of the Executive Council of the Organization for the Prohibition o
» Iraq and Spain stress the importance of strengthening economic relations between the two countries a
» Al-Sudani discusses with the Kuwaiti ambassador ways to consolidate cooperation in the economic and
» Rafidain: 32 branches have activated the comprehensive banking system
» On the anniversary of the liberation of Mosul, the President of the Republic stresses the necessity
» Minister of Transport confirms to Turkish Ambassador: We work day and night to fulfill the requireme
» Al-Muthanna Court of Appeal begins electronic work with the systems of issuing legal documents and o
» National Investment Authority hosts the third meeting of the technical team for the National Climate
» Rafidain: 32 branches have activated the comprehensive banking system
» The Cabinet Secretariat settles the controversy over July 14.. Is Sunday a holiday? - Urgent
» Al-Hakim calls for replacing the international coalition to combat ISIS with bilateral relations wit
» Iraq and Kuwait confirm the continuation of joint committee meetings
» Head of the Kurdistan Regional Government Representation Visits the Chinese Embassy in Baghdad
» Parliamentary Finance Committee reveals latest developments in salary scale amendment file
» Iraq needs 4 million housing units by 2027
» “Instead of investing it”, Iraq wastes huge gas wealth by burning it
» Google and Meta use Iraq and Kurdistan to connect Asia and Europe