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[size=36]Oil announces its quest to increase Majnoon field production to 450 thousand barrels per day[/size]
Economie| 10:57 - 11/12/2021
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Baghdad - Mawazine News
, Saturday, Oil Minister Ihsan Abdul-Jabbar confirmed seeking to increase production to 450 thousand barrels per day from the Majnoon oil field, after laying the foundation stone for the sour gas investment project, and the opening of the field production and development authority building, and the electronic control building.
In a statement received by Mawazine News, the minister said, "The Majnoon field project, which is being developed by an Iraqi administration, is achieving great successes, and it is one of the projects that support the future energy industry and the national economy."
He pointed out that "the development processes and the level of achievement achieved during three years and six months of work is a great achievement and a national effort, which is considered the distinguishing mark in the Iraqi oil industry."
And reduce costs by 30%, stressing that "Iraq aims to reach peak production, and due to the imposition of production restrictions, the strategy was changed to producing light oil to achieve financial revenues for the state treasury."
He added that "the Majnoon field contributes to providing good quantities of gas fuel for the uses of operating electric power plants and other industries related to this type of clean fuel, as well as the production of liquid gas and condensate, as we seek to invest all quantities of gas associated with oil operations in the field." finished 29
, Saturday, Oil Minister Ihsan Abdul-Jabbar confirmed seeking to increase production to 450 thousand barrels per day from the Majnoon oil field, after laying the foundation stone for the sour gas investment project, and the opening of the field production and development authority building, and the electronic control building.
In a statement received by Mawazine News, the minister said, "The Majnoon field project, which is being developed by an Iraqi administration, is achieving great successes, and it is one of the projects that support the future energy industry and the national economy."
He pointed out that "the development processes and the level of achievement achieved during three years and six months of work is a great achievement and a national effort, which is considered the distinguishing mark in the Iraqi oil industry."
And reduce costs by 30%, stressing that "Iraq aims to reach peak production, and due to the imposition of production restrictions, the strategy was changed to producing light oil to achieve financial revenues for the state treasury."
He added that "the Majnoon field contributes to providing good quantities of gas fuel for the uses of operating electric power plants and other industries related to this type of clean fuel, as well as the production of liquid gas and condensate, as we seek to invest all quantities of gas associated with oil operations in the field." finished 29
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