[You must be registered and logged in to see this link.]
Oil reveals its plans to manage 10 fields and export 6 million barrels per day
December 02 2021
Oil reveals its plans to manage 10 fields and export 6 million barrels per day
December 02 2021
I talked about the "Omicron" mutant (Facebook)
Ultra Iraq - Editorial Team
The National Oil Company announced that, with the increase in the export capacity of crude oil through the port of Basra, it plans to double it from 3.2 million barrels to 6 million barrels per day in 2025.
share
Crude oil production started in Fayhaa field with a capacity of 20 thousand barrels per day
The Director-General of the Basra Oil Company, Khaled Hamza Al-Shara, said in a press conference, followed by "Ultra Iraq", that "there are ten oil-producing fields in Basra, including 6 within the oil licensing contracts of major international companies, while his company manages four giant fields."
Read also: [You must be registered and logged in to see this link.]
Al-Shara added that "the National Oil Company has prepared two overlapping plans, the first is annual, and the second is five-year to manage the ten fields, which currently produce up to 2.9 million barrels per day," noting that "the export capacity of these fields, in addition to the Maysan and Dhi Qar fields through the ports of Basra, amounted to 3.2 million. barrels per day.
Al-Shara revealed, “The National Company’s plans to reach 6 million barrels per day by 2025, after entering three giant pipelines with a capacity of 3 million barrels per day and a capacity of 48 inches to transport crude oil from the Rumaila and Barjisiya warehouses to the ports of Basra and Al-Amaya.”
Al-Shara explained that "the five-year plan includes assigning a number of giant production projects to major international companies for the purpose of constructing crude oil production plants, investing associated gas, and giant strategic contracts in the fields of oil and renewable energy," recalling the $27 billion contract with France's [You must be registered and logged in to see this link.] , to implement Four projects in the field of gas and electric power are part of this plan.
Khaled Al-Shara added, "The process of crude oil production has started in the Faiha field with a capacity of 20 thousand barrels per day," noting "an expected increase of up to 40 thousand barrels in the coming months."
He pointed out that "his company is continuing projects to increase production capacity to reach the target in the ministry's plan to produce crude to 3.2 barrels per day in early 2022, taking into account Iraq's commitment to the decisions of OPEC, which will result from its next meeting in light of the pressures of the many variables of the Corona virus and the mutant Omicron."
And regarding the joint fields between the neighboring countries of Iran and Kuwait, he pointed out that “Iraq and Kuwait reached in the past period to form a high-level committee from all ministries and the National Oil Company,” explaining that “the negotiations have gone a long way, and the foreign consultant has been identified to set standards and investment rights for each country according to the analysis of the information.” To issue a final decision before agreeing on the steps."
As for Iran, he made it clear that "there is a negotiation to bring the views closer on the issue of investing in joint fields by agreeing on a joint committee representing the two parties to establish an agreement in the future."
[You must be registered and logged in to see this link.]
Yesterday at 8:56 am by Rocky
» utube 10/3/24 MM&C Iraq Update-Iraq Securities Exchange- Transform Iraq-Export Oil - Federal Co
Yesterday at 4:53 am by Rocky
» MM&C 10/3/24 Central Bank comments on preparing the budget for next year
Yesterday at 4:52 am by Rocky
» MM&C 10/3/24 World Bank: Iraq has made progress in improving the business environment, making it glo
Yesterday at 4:52 am by Rocky
» Commission: Kurdistan elections will include international and local monitoring
Yesterday at 4:45 am by Rocky
» Swiss Embassy in Baghdad reopens after 33 years of closure
Yesterday at 4:43 am by Rocky
» Rafidain counts the number of government departments that have activated the electronic collection s
Yesterday at 4:39 am by Rocky
» Parliamentary demands to review all agreements with Jordan
Yesterday at 4:37 am by Rocky
» This is the date for the launch of the seventh batch of social assistance
Yesterday at 4:35 am by Rocky
» Trade reassures citizens: We have food reserves sufficient for a whole year
Yesterday at 4:33 am by Rocky
» Baghdad.. The dollar records 154,250 dinars for every hundred dollars
Yesterday at 4:32 am by Rocky
» Dhi Qar.. Implementation of an arrest warrant against four suspects in the Real Estate Registration
Yesterday at 4:31 am by Rocky
» Parliament receives draft law to cancel economic privileges with Jordan
Yesterday at 4:28 am by Rocky
» Kurdish comment on the possibility of an armed confrontation between parties before the elections in
Yesterday at 4:25 am by Rocky
» Why have the salaries of the region's employees not been localized yet? A Kurdish politician explain
Yesterday at 4:23 am by Rocky
» Dollar prices continue to soar in Iraqi markets
Yesterday at 4:22 am by Rocky
» Intensive calls for comprehensive reform at Baghdad International Airport amid deteriorating service
Yesterday at 4:20 am by Rocky
» Iraqi government condemns “Tulkarm crime”: International community’s silence fuels Israeli aggressio
Yesterday at 4:18 am by Rocky
» “Hidden Costs”: How do 140 days of holidays affect the economy and daily life?
Yesterday at 4:17 am by Rocky
» Parliamentary work details the most important laws it is working to legislate
Yesterday at 4:16 am by Rocky
» New crisis hits Iraqi real estate market after 100% tax
Yesterday at 4:15 am by Rocky
» Labor sets date for launching seventh batch of social assistance
Yesterday at 4:14 am by Rocky
» Ports deny the existence of an oil spill at the confluence of territorial waters (Iraq-Kuwait-Iran).
Yesterday at 4:13 am by Rocky
» MP dismisses the person closest to the Coordination to assume the presidency of Parliament
Yesterday at 4:11 am by Rocky
» Economist: Oil prices could rise to $200 if war expands
Yesterday at 4:09 am by Rocky
» Parliamentary work: We seek to legislate laws that guarantee union freedom
Yesterday at 4:08 am by Rocky
» Parliamentary Finance clarifies to "Alsumaria News" the legality of imposing taxes on citizens and s
Yesterday at 4:06 am by Rocky
» Trump's advisor speaks to Sumaria about the possibility of dragging Iraq into war
Yesterday at 4:03 am by Rocky
» Morning list of dollar exchange rates against the dinar in Iraq
Yesterday at 4:02 am by Rocky
» Kuwaiti official: Our relationship with Iraq has been integrated for 400 years and the border issue
Yesterday at 4:00 am by Rocky
» Parliamentary Planning: Population census will include counting furniture inside homes
Yesterday at 3:59 am by Rocky
» Parliamentary demand to include the Commission Law on the Parliament’s agenda House of Representativ
Yesterday at 3:58 am by Rocky
» Dominican Republic Plans to Start Deporting up to 10,000 Haitians per Week
Fri 04 Oct 2024, 10:13 am by Bama Diva
» Dozens of Meat Processing Plants Expected to Shut Down Under New EPA Rules
Fri 04 Oct 2024, 9:06 am by Bama Diva
» Biden-Harris administration blasted for running out of money to deal with Hurricane Helene after blo
Fri 04 Oct 2024, 8:16 am by Bama Diva
» Fake Amazon sites everywhere
Fri 04 Oct 2024, 8:02 am by Bama Diva
» utube 10/1/24 MM&C Iraq Dinar News - Iraqi Stock Exchange - Private Sector - Water - Infrastructure
Fri 04 Oct 2024, 5:14 am by Rocky
» The dinar collapses against the dollar.. Is the specter of 1600 looming on the horizon?
Fri 04 Oct 2024, 4:59 am by Rocky
» Baghdad International Airport: Why is it unable to compete with regional airports?
Fri 04 Oct 2024, 4:57 am by Rocky
» Nineveh reveals projects worth billions that have been stalled for 12 years
Fri 04 Oct 2024, 4:56 am by Rocky
» Iraq calls for protecting oil routes in the Arabian Gulf
Fri 04 Oct 2024, 4:55 am by Rocky
» State of Law Leader: America Has No Desire to Leave Iraq
Fri 04 Oct 2024, 4:53 am by Rocky
» MP reveals 170 stalled projects have been resolved
Fri 04 Oct 2024, 4:52 am by Rocky
» Rafidain Bank announces the collection of more than four trillion dinars electronically for the bene
Fri 04 Oct 2024, 4:50 am by Rocky
» Karbala Municipality: Starting to plant gardens and green spaces inside residential neighborhoods
Fri 04 Oct 2024, 4:48 am by Rocky
» Customs: Our revenues during 7 months of the current year exceeded one trillion dinars
Fri 04 Oct 2024, 4:47 am by Rocky
» World Bank: Iraq is witnessing a major transformation in improving the business environment and publ
Fri 04 Oct 2024, 4:45 am by Rocky
» New program turns unified card into food ration card in Iraq
Fri 04 Oct 2024, 4:43 am by Rocky
» The Governor of the Central Bank of Iraq announces the launch of financial transfers to Türkiye acco
Fri 04 Oct 2024, 4:40 am by Rocky
» World Bank issues optimistic report on Iraq, points to 'major transformation'
Fri 04 Oct 2024, 4:38 am by Rocky
» Supply concerns send oil prices up more than 5 percent
Fri 04 Oct 2024, 4:37 am by Rocky
» Rafidain: More than 4 trillion dinars in electronic collection amounts for government departments
Fri 04 Oct 2024, 4:35 am by Rocky
» Iraqi government opens accounts to deposit donors' money for Gaza and Lebanon
Fri 04 Oct 2024, 4:31 am by Rocky
» Public money and government wheels enter the Kurdistan Parliament elections propaganda
Fri 04 Oct 2024, 4:30 am by Rocky
» How did current events cast their shadows on the Iraqi parliament presidency file?
Fri 04 Oct 2024, 4:29 am by Rocky
» Production stops at Karbala refinery.. and the local government acknowledges the shortage of fuel su
Fri 04 Oct 2024, 4:25 am by Rocky
» Iraq imports large quantities of calves and sheep to control meat prices
Fri 04 Oct 2024, 4:23 am by Rocky
» IMF: Continued conflict in Middle East could have major economic repercussions
Fri 04 Oct 2024, 4:22 am by Rocky
» Israel threatens to bomb more than 35 sites in Iraq
Fri 04 Oct 2024, 4:20 am by Rocky
» The crisis of choosing the parliament speaker.. Will political tensions impose “Al-Mashhadani” on “A
Fri 04 Oct 2024, 4:19 am by Rocky
» “Hidden Terrorism”: How Cyber Weakness Threatens Iraq’s Future More Than Bullets?
Fri 04 Oct 2024, 4:17 am by Rocky
» Iraq plans to establish modern industrial cities amid challenges of electricity and corruption!
Fri 04 Oct 2024, 4:16 am by Rocky
» Ministry of Planning reveals details of drawing the new population map in Iraq
Fri 04 Oct 2024, 4:15 am by Rocky
» Al-Sudani: Escalation in Lebanon and Gaza threatens to slide the region into a comprehensive war
Fri 04 Oct 2024, 4:14 am by Rocky
» Planning: Taking measures that focus on promoting sectors that affect citizens’ lives
Fri 04 Oct 2024, 4:12 am by Rocky
» Civil Service Council approves new batch of appointments
Fri 04 Oct 2024, 4:11 am by Rocky
» Commerce reveals new program that transforms the unified card into a food ration card
Fri 04 Oct 2024, 4:10 am by Rocky
» Iraq announces launch of new mechanism for financial transfers to Türkiye
Fri 04 Oct 2024, 4:08 am by Rocky
» Transparency: Sulaymaniyah and Halabja imports amounted to more than 11 billion dinars in one week
Fri 04 Oct 2024, 4:06 am by Rocky
» Parliamentary Integrity: Collecting parliamentary signatures to question the Minister of Constructio
Fri 04 Oct 2024, 4:04 am by Rocky
» Parliamentary talk about the person closest to the coordination to assume the presidency of Parliame
Fri 04 Oct 2024, 4:03 am by Rocky
» Gov. Ron DeSantis orders National Guard to end longshoremen's strike over hurricane disaster
Thu 03 Oct 2024, 5:20 pm by Bama Diva
» BREAKING: Mayor Pete orders citizens to stop using drones to find stranded victims as feds fumble hu
Thu 03 Oct 2024, 5:07 pm by Bama Diva
» Elon Musk obliges Trump, reconnects disaster areas to the internet for free via Starlink
Thu 03 Oct 2024, 12:15 pm by Bama Diva
» MM&C 10/3/24 Amending the Oil Law: A Step Towards Reform or Just Another Promise?
Thu 03 Oct 2024, 7:11 am by Rocky
» In less than half an hour, Washington sends three messages via Baghdad to Tehran
Thu 03 Oct 2024, 7:04 am by Rocky
» "Soon" .. Iraqi-Kuwaiti negotiations to resume to end differences
Thu 03 Oct 2024, 6:58 am by Rocky
» On the seventh anniversary of Talabani’s passing, Al-Sudani recalls his national legacy and his role
Thu 03 Oct 2024, 6:55 am by Rocky
» Planning: The general census will show the rates of enrolment in education and unemployment.
Thu 03 Oct 2024, 6:50 am by Rocky
» Economist: Zionist bombing exacerbates economic conditions, calls for urgent intervention by governm
Thu 03 Oct 2024, 6:47 am by Rocky
» Iraq, Kuwait to resume negotiations "very soon" to resolve outstanding issues
Thu 03 Oct 2024, 6:46 am by Rocky
» Iraq and China take the largest share of Iranian goods
Thu 03 Oct 2024, 6:43 am by Rocky
» Advisor Mazhar Saleh: No concern about Iraq's financial situation
Thu 03 Oct 2024, 6:41 am by Rocky
» Amidst the Storms: Baghdad and Washington Support Regional Calm
Thu 03 Oct 2024, 6:39 am by Rocky
» MP reveals reasons for delaying the approval of the Personal Status Law
Thu 03 Oct 2024, 6:37 am by Rocky
» Al-Surji: The Union is capable of forming the next regional government
Thu 03 Oct 2024, 6:36 am by Rocky
» Government measures to control the region's import of gold
Thu 03 Oct 2024, 6:34 am by Rocky
» Central Bank comments on preparing the budget for next year
Thu 03 Oct 2024, 6:33 am by Rocky
» Anbar citizens threaten to demonstrate over private generator pricing
Thu 03 Oct 2024, 6:32 am by Rocky
» Dollar trading halted in Anbar due to high exchange rate
Thu 03 Oct 2024, 6:31 am by Rocky
» Iraqi Parliament Prepares to Pass “Most Important” Law to Recover State Funds from Corrupt People
Thu 03 Oct 2024, 5:14 am by Rocky
» World Bank identifies key issue for sustainable development in Iraq
Thu 03 Oct 2024, 5:12 am by Rocky
» World Bank: Iraq has taken steps to develop human capital
Thu 03 Oct 2024, 5:11 am by Rocky
» Electricity: Loss of 7,100 megawatts due to a decrease in the release of national gas and the supply
Thu 03 Oct 2024, 5:09 am by Rocky
» Work: Issuing more than 220 thousand national cards for those covered by social protection
Thu 03 Oct 2024, 5:08 am by Rocky
» France: Recommendation to eliminate 100,000 jobs to reduce government spending
Thu 03 Oct 2024, 5:07 am by Rocky
» Iraq, Turkey sign MoU on migration and voluntary return
Thu 03 Oct 2024, 5:05 am by Rocky
» Al Mazrouei: The world needs additional investments in the energy sector
Thu 03 Oct 2024, 5:03 am by Rocky
» Agriculture announces compensation for livestock farmers’ losses, plans to control diseases
Thu 03 Oct 2024, 5:02 am by Rocky