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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

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Established in 2006 as a Community of Reality

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Iraq contracts with Shell to drill 96 oil wells in Basra

rocky
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Iraq contracts with Shell to drill 96 oil wells in Basra Empty Iraq contracts with Shell to drill 96 oil wells in Basra

Post by rocky Wed 20 Oct 2021, 6:51 am

Iraq contracts with Shell to drill 96 oil wells in Basra

  •  Time: 10/20/2021 12:32:39
     
  •  Reading: 832 times

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{Economic: Al Furat News} The Ministry of Oil signed, today, Wednesday, a contract with a consortium of Shell and ExxonMobil to drill 96 oil wells in the West Qurna 1 field in Basra Governorate.
Oil Minister Ihsan Abdul-Jabbar said on the sidelines of the signing ceremony in Baghdad that "this project will add more than one million and 400 thousand barrels per day to Iraqi production when this project is completed," noting that "the drilling of wells will be with a different technology."
He pointed out that "the cost of the project exceeds 4 billion dollars."
The Minister of Oil suggested "changing the price of a barrel of oil in the 2022 budget bill from 50 dollars to between 55 and 60 dollars with the rise in oil prices globally, in order to support the budget and financial revenues in the state."
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