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2022-01-23 06:21
Oil signs a contract with a Chinese company to develop the Mansourieh gas field
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2022-01-23 06:21
Shafaq News/ Today, Thursday, the Ministry of Oil signed a contract with a Chinese company to develop the Mansourieh gas field with a capacity.
Oil Minister Ihsan Abdul-Jabbar said on the sidelines of the contract signing ceremony, which was attended by Shafak News Agency; The Ministry of Oil represented by the Basra Oil Company with a 51 percent share and the Chinese Sinopec with a 49 percent share, a contract to develop the Mansouriya gas field in Diyala Governorate, indicating that the initial investment will be with a capacity of 300 million cubic feet per day.
He added that 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 governorates, 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 lost big 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 naphtha.
The Director of Oil Contracts and Licensing Ali Maarij said that 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. For the Iraqi state, there will be a state revenue 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, indicating that Chinese companies invested nearly $20 billion in 2021.
He added that the company will employ all technologies to develop the field with standard standards, indicating that the field's production will be developed as soon as possible and the products will be provided as soon as possible.
Iraq had announced in April. 2021 announces that the Chinese company Sinopec won a contract to develop the Mansouriya gas field near the Iranian border.
In October 2020, the Ministry of Oil canceled the Mansouriya gas field contract with the alliance of the three companies, consisting of the Turkish company (TPAO), the Korean (Kokaz) and the Kuwaiti (Kuwait Energy).
The Mansouriya gas field is located in Diyala Governorate, on an area of 150 square kilometers, and the reserves of free gas are more than 4.5 trillion standard cubic feet, according to estimates by the Ministry of Oil.
In October 2010, the Ministry of Oil announced, as part of the third licensing round, the victory of a consortium of Turkish (TPO) companies, Kuwait Energy and Korea's Kokaz, to invest in the Mansouriya gas field.
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Oil Minister Ihsan Abdul-Jabbar said on the sidelines of the contract signing ceremony, which was attended by Shafak News Agency; The Ministry of Oil represented by the Basra Oil Company with a 51 percent share and the Chinese Sinopec with a 49 percent share, a contract to develop the Mansouriya gas field in Diyala Governorate, indicating that the initial investment will be with a capacity of 300 million cubic feet per day.
He added that 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 governorates, 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 lost big 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 naphtha.
The Director of Oil Contracts and Licensing Ali Maarij said that 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. For the Iraqi state, there will be a state revenue 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, indicating that Chinese companies invested nearly $20 billion in 2021.
He added that the company will employ all technologies to develop the field with standard standards, indicating that the field's production will be developed as soon as possible and the products will be provided as soon as possible.
Iraq had announced in April. 2021 announces that the Chinese company Sinopec won a contract to develop the Mansouriya gas field near the Iranian border.
In October 2020, the Ministry of Oil canceled the Mansouriya gas field contract with the alliance of the three companies, consisting of the Turkish company (TPAO), the Korean (Kokaz) and the Kuwaiti (Kuwait Energy).
The Mansouriya gas field is located in Diyala Governorate, on an area of 150 square kilometers, and the reserves of free gas are more than 4.5 trillion standard cubic feet, according to estimates by the Ministry of Oil.
In October 2010, the Ministry of Oil announced, as part of the third licensing round, the victory of a consortium of Turkish (TPO) companies, Kuwait Energy and Korea's Kokaz, to invest in the Mansouriya gas field.
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