[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
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.
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."
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."