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Shafaq News/ The Iraqi Minister of Oil confirmed, on Saturday, that his ministry aims to increase and sustain national production and improve its quality, during the opening of the gas isolation station and water injection unit in the Maysan Oil Company, (southern of the country), with a capacity of 68,000 barrels per day.
Minister Ihsan Abdul-Jabbar said, in a statement received by Shafaq News Agency, that the gas isolation unit and the upgrading of crude oil specifications, and the water injection unit in Bazerkan field and Fakka field with a capacity of 68 thousand barrels per day were opened today in Maysan Oil Company, stressing that the ministry is keen to support companies The oil sector with the aim of achieving sustainable economic development plans.
He pointed out that all the programs and plans implemented by the oil sector companies aim to achieve two goals, the first is to reach the planned increases of crude oil within the coming years, and the second is to invest all quantities of gas produced in all fields, for the purpose of stabilizing the provision of gas supplies for the production of electric power and all related industries This type of fuel, explaining that all these fragmented and successive projects are to achieve this goal.
The Minister of Oil indicated that these projects are among the necessary, important and integrative projects in production operations with the aim of improving the specifications of Iraqi crude oil, with the aim of achieving and enhancing national financial returns, in addition to protecting oil reservoirs and maintaining production levels in the field, which is one of the challenges facing the oil industry, namely Production and marketing challenges.
The minister added that Iraq, as the second oil exporter in the Organization of "OPEC", must maintain this level by perpetuating oil reservoirs and fields, noting that the Ministry of Oil and the National Oil Company support this investment activity in all oil fields, which would maximize national revenues and work. on economic development.
The minister praised the efforts of the employees of the Maysan Oil Company, stressing that the company is one of the most important national companies in terms of production capacity. We support its investment activity to achieve high productivity rates.
Ismail added to the importance of these projects in adding direct investment and commercial value, as well as adding an opportunity to advance the societal development of the region, as these events contributed to creating and providing many job opportunities during the implementation phase and the operating phase.
The Director General of Maysan Oil Company, Ali Jassim, said that these projects, which were inaugurated today, are a series of projects implemented by his company in cooperation with international companies and contracting companies that aim to increase production capacity and improve the quality of oil extracted from the ground, noting that the water injection projects are integrative projects. With the development projects of surface facilities for oil fields, it comes to meet the requirements of production operations, adding that these projects have been completed with high specifications despite health and economic challenges, in cooperation with the Chinese company operating the field (Cinoc).
For his part, the second deputy of the National Oil Company, Laith Al-Shaher, confirmed that projects to improve the quality of production for extracted oil
By the oil companies aiming to increase the financial return of Iraq, whose economy depends mainly on revenues from crude oil exports, an effort undertaken by the Ministry and the National Oil Company, in support of the national economy.
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A new oil project in southern Iraq with a capacity of 68 thousand barrels per day
Shafaq News/ The Iraqi Minister of Oil confirmed, on Saturday, that his ministry aims to increase and sustain national production and improve its quality, during the opening of the gas isolation station and water injection unit in the Maysan Oil Company, (southern of the country), with a capacity of 68,000 barrels per day.
Minister Ihsan Abdul-Jabbar said, in a statement received by Shafaq News Agency, that the gas isolation unit and the upgrading of crude oil specifications, and the water injection unit in Bazerkan field and Fakka field with a capacity of 68 thousand barrels per day were opened today in Maysan Oil Company, stressing that the ministry is keen to support companies The oil sector with the aim of achieving sustainable economic development plans.
He pointed out that all the programs and plans implemented by the oil sector companies aim to achieve two goals, the first is to reach the planned increases of crude oil within the coming years, and the second is to invest all quantities of gas produced in all fields, for the purpose of stabilizing the provision of gas supplies for the production of electric power and all related industries This type of fuel, explaining that all these fragmented and successive projects are to achieve this goal.
The Minister of Oil indicated that these projects are among the necessary, important and integrative projects in production operations with the aim of improving the specifications of Iraqi crude oil, with the aim of achieving and enhancing national financial returns, in addition to protecting oil reservoirs and maintaining production levels in the field, which is one of the challenges facing the oil industry, namely Production and marketing challenges.
The minister added that Iraq, as the second oil exporter in the Organization of "OPEC", must maintain this level by perpetuating oil reservoirs and fields, noting that the Ministry of Oil and the National Oil Company support this investment activity in all oil fields, which would maximize national revenues and work. on economic development.
The minister praised the efforts of the employees of the Maysan Oil Company, stressing that the company is one of the most important national companies in terms of production capacity. We support its investment activity to achieve high productivity rates.
Ismail added to the importance of these projects in adding direct investment and commercial value, as well as adding an opportunity to advance the societal development of the region, as these events contributed to creating and providing many job opportunities during the implementation phase and the operating phase.
The Director General of Maysan Oil Company, Ali Jassim, said that these projects, which were inaugurated today, are a series of projects implemented by his company in cooperation with international companies and contracting companies that aim to increase production capacity and improve the quality of oil extracted from the ground, noting that the water injection projects are integrative projects. With the development projects of surface facilities for oil fields, it comes to meet the requirements of production operations, adding that these projects have been completed with high specifications despite health and economic challenges, in cooperation with the Chinese company operating the field (Cinoc).
For his part, the second deputy of the National Oil Company, Laith Al-Shaher, confirmed that projects to improve the quality of production for extracted oil
By the oil companies aiming to increase the financial return of Iraq, whose economy depends mainly on revenues from crude oil exports, an effort undertaken by the Ministry and the National Oil Company, in support of the national economy.
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