[size=36]Laying the foundation stone for the crude oil processing plant in the 9th exploration block in Basra[/size]
Economie| 02:44 - 01/22/2022
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Baghdad - Mawazine News
, the head of the National Oil Company, Minister of Oil Ihsan Abdul Jabbar Ismail, affirmed, on Saturday, the company's and the ministry's keenness to implement its plans to implement projects to develop exploratory patches in order to increase production rates of crude oil.
This came during his sponsorship of the ceremony of laying the foundation stone for the crude oil processing plant for the ninth exploration block within the Fayha oil field in Basra Governorate, with a capacity of 100,000 barrels per day.
Ismail said that "the Al-Fayha oil field development project is one of the important projects for the production of light oil, which is one of the border fields, and the national oil from this project aims to produce up to 100,000 barrels of crude oil, in addition to producing quantities of gas with a capacity of 135 mm in a future stage to support the operation of Electric power plants.
He added that despite the challenges, "the Ministry of Oil and the National Oil Company are planning to increase production in the coming years, which will lead to an increase in the financial revenues of the federal treasury and thus raise the level of services provided to the people."
The head of the National Oil Company pointed to "the importance of developing clean energy projects and alternative sources of fossil energy that reduce the use of fossil fuels and thus reduce expenditures, noting that the world is heading towards clean energy without retreat."
For his part, Director General of the Basra Oil Company Khaled Hamza stressed, "The importance of developing this field is because it is one of the border fields, and also because the company aims for the first time to develop a complex reservoir," noting that "the field development operations began in 2014 with Kuwait Energy and later with the Chinese company UEG. The first exploratory well was drilled, and the results were encouraging.
He added, "We have promising future plans to develop the field's reservoirs, praising the efforts of the company's employees and the security forces and their role in achieving this achievement."
The Executive Director of the Chinese company UEG "Sunk Yu" said that these are important moments for our company, which is laying the foundation stone for the development of the exploration block 9 in the Fayhaa field, reviewing through an explanation the stages of work and future plans for its development. Ended 29/A 4
, the head of the National Oil Company, Minister of Oil Ihsan Abdul Jabbar Ismail, affirmed, on Saturday, the company's and the ministry's keenness to implement its plans to implement projects to develop exploratory patches in order to increase production rates of crude oil.
This came during his sponsorship of the ceremony of laying the foundation stone for the crude oil processing plant for the ninth exploration block within the Fayha oil field in Basra Governorate, with a capacity of 100,000 barrels per day.
Ismail said that "the Al-Fayha oil field development project is one of the important projects for the production of light oil, which is one of the border fields, and the national oil from this project aims to produce up to 100,000 barrels of crude oil, in addition to producing quantities of gas with a capacity of 135 mm in a future stage to support the operation of Electric power plants.
He added that despite the challenges, "the Ministry of Oil and the National Oil Company are planning to increase production in the coming years, which will lead to an increase in the financial revenues of the federal treasury and thus raise the level of services provided to the people."
The head of the National Oil Company pointed to "the importance of developing clean energy projects and alternative sources of fossil energy that reduce the use of fossil fuels and thus reduce expenditures, noting that the world is heading towards clean energy without retreat."
For his part, Director General of the Basra Oil Company Khaled Hamza stressed, "The importance of developing this field is because it is one of the border fields, and also because the company aims for the first time to develop a complex reservoir," noting that "the field development operations began in 2014 with Kuwait Energy and later with the Chinese company UEG. The first exploratory well was drilled, and the results were encouraging.
He added, "We have promising future plans to develop the field's reservoirs, praising the efforts of the company's employees and the security forces and their role in achieving this achievement."
The Executive Director of the Chinese company UEG "Sunk Yu" said that these are important moments for our company, which is laying the foundation stone for the development of the exploration block 9 in the Fayhaa field, reviewing through an explanation the stages of work and future plans for its development. Ended 29/A 4
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