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Iraq is negotiating with an American company to invest in the crutch gas field
Shafaq News/ The Iraqi Oil Ministry revealed today, Tuesday, that it had held negotiations with an American company to invest in the Crutch gas field in the west of the country.
The director of oil contracts and licenses in the ministry, Ali Maarij, told Shafaq News Agency, "The ministry is negotiating with the American company Halliburton to develop and invest the crutch gas field in Anbar Governorate," noting that "the field's production will be between 400 to 500 million cubic feet per day."
Maarij added, "Many foreign companies applied to invest the field, but the ministry did not contact them to reach an agreement," noting that "the security situation has a major role in the reluctance of companies, but there is encouragement and reassurances from the governorate's operations leadership, the governor, and the political authorities to maintain protection." and security for companies operating in the province.
He pointed out that "the ministry will discuss with foreign companies wishing to invest in the crutch gas field to obtain an agreement, as happened in the Mansourieh gas field."
In June 2011, the Ministry of Oil signed with the Korean Kokaz Company the initial contract for the development of the Cruz gas field in Anbar Governorate, after the withdrawal of the Kazakhstan Company from the coalition before the Korean Kokaz Company withdrew with the entry of ISIS into the province.
A consortium consisting of the Korean Kokaz Company and the Kazakh Gas Company won the development of the Cruz gas field in Anbar Governorate after submitting a bid that included the cost of producing an equivalent barrel of five dollars and fifty cents, with a production capacity of 400 bottles, and an investment of less than 25 billion dollars over 13 years to reach the peak production from the field .
The Akkas gas field, which was discovered in 1992, is located northwest of Anbar, (25 km southwest of Al-Qaim district on the Euphrates River), and near the Syrian border. 6 trillion standard cubic metres.
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The director of oil contracts and licenses in the ministry, Ali Maarij, told Shafaq News Agency, "The ministry is negotiating with the American company Halliburton to develop and invest the crutch gas field in Anbar Governorate," noting that "the field's production will be between 400 to 500 million cubic feet per day."
Maarij added, "Many foreign companies applied to invest the field, but the ministry did not contact them to reach an agreement," noting that "the security situation has a major role in the reluctance of companies, but there is encouragement and reassurances from the governorate's operations leadership, the governor, and the political authorities to maintain protection." and security for companies operating in the province.
He pointed out that "the ministry will discuss with foreign companies wishing to invest in the crutch gas field to obtain an agreement, as happened in the Mansourieh gas field."
In June 2011, the Ministry of Oil signed with the Korean Kokaz Company the initial contract for the development of the Cruz gas field in Anbar Governorate, after the withdrawal of the Kazakhstan Company from the coalition before the Korean Kokaz Company withdrew with the entry of ISIS into the province.
A consortium consisting of the Korean Kokaz Company and the Kazakh Gas Company won the development of the Cruz gas field in Anbar Governorate after submitting a bid that included the cost of producing an equivalent barrel of five dollars and fifty cents, with a production capacity of 400 bottles, and an investment of less than 25 billion dollars over 13 years to reach the peak production from the field .
The Akkas gas field, which was discovered in 1992, is located northwest of Anbar, (25 km southwest of Al-Qaim district on the Euphrates River), and near the Syrian border. 6 trillion standard cubic metres.
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