[size=36]Oil signs a contract with a Chinese company to develop the Mansouriya gas field in Diyala[/size]
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, today, Thursday, the Ministry of Oil signed a contract with a Chinese company to develop the Mansouriya gas field with a capacity.
Oil Minister Ihsan Abdul-Jabbar said in a press conference on the sidelines of the contract signing ceremony, which was attended by a correspondent of "Mawazine News", that "the Ministry of Oil represented by the Basra Oil Company with a 51 percent share, and the Chinese Sinopec with a 49 percent share, signed a contract to develop the Mansouriya gas field in Diyala," noting. The initial investment will be with a capacity of 300 million cubic feet per day.
He added, "The field's investment sends a message to the world about Iraq's ability to attract international companies to develop such fields in all Iraqi provinces," noting that "the field will provide gas to operate approximately 1,000 megawatts of electric power."
He pointed out that "Basra Oil, the company of the Chinese company, will provide technical, financial and technical support, while Diyala Governorate will provide support and provide a safe environment for the company to invest in the field."
The Minister of Oil pointed out that "Iraq has lost a lot of money during the past five years for not investing these fields, as it lost 15 billion dollars as a result of importing Iranian gas to generate electricity, and consumed 190,000 barrels of oil to operate the stations, in addition to gas oil and naphthalene."
The Director of Oil Contracts and Licensing Ali Maarij said, "The Basra Oil Company is a partner with 51 percent and also has profits in the same proportion, indicating that the payment of costs is linked to oil prices now in the contract. Critical to the Iraqi state, and there will be revenue for the state in the range of 70 percent."
from his side; The representative of the Chinese company, Jink Wake, said that "Iraq has established a partnership with China in energy and mutual benefit," noting that "Chinese companies invested nearly $20 billion in 2021."
He added, "The company will employ all technologies to develop the field with standard standards," noting that "the field's production will be developed as soon as possible, and the products will be provided as soon as possible." Ended 29/A 4