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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The National Iranian Oil Company expresses its readiness to cooperate with Iraq in developing the oi

    Rocky
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    The National Iranian Oil Company expresses its readiness to cooperate with Iraq in developing the oi Empty The National Iranian Oil Company expresses its readiness to cooperate with Iraq in developing the oi

    Post by Rocky Thu Jun 23, 2022 8:33 am

    [size=45]The National Iranian Oil Company expresses its readiness to cooperate with Iraq in developing the oil and gas field between the two countries.
    3 hours ago[/size]

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    The Executive Director of the National Iranian Oil Company, Mohsen Khojasteh Mehr, expressed his country's readiness to cooperate with Iraq in developing the oil and gas field between the two countries. This came during the meeting of the joint working group for oil cooperation between Iran and Iraq, according to what was published by the Iranian semi-official “Fars” agency.
    Mehr said that all our efforts are aimed at moving in the various fields of oil and gas and developing economic relations between the two countries, adding, "The time has come for Iran and Iraq to take practical steps for cooperation in the field of oil and gas activities and the scientific, technical and educational sectors."
    He pointed out that Iran and Iraq have great energies in the region and the world, and that both countries have strong influence and powers in the Organization of Petroleum Exporting Countries (OPEC), and serious cooperation between them is necessary in order to ensure sustainable energy security in the region, and this requires cooperation in various productive and scientific sectors. .
    Mehr added by saying that Iran is ranked first in the world in terms of total oil and gas reserves in the world, and it has 400 oil and gas fields, some of which are located on the Iranian-Iraqi borders, while the current production of oil is 4 million barrels and gas is one billion cubic meters per day, and in order to deliver oil production to 6 million barrels within the next eight years, we need investments worth 90 billion dollars, and in order to bring gas production to 1.5 billion cubic meters per day, we need investments worth 70 billion dollars.
    He said, "We want to accomplish part of these investments through joint cooperation with Iraq," considering that the opportunity exists today for joint cooperation with Iraq in the fields of exploration, extraction and production.
    The Executive Director of the National Iranian Oil Company also noted Iran's capabilities in the technical and engineering services sector, saying: We are ready to cooperate with Iraq in various fields of geology, studies of oil and gas reserves, and the completion of seismic measurements and exploratory exploration.
    He added that Iran has about 140 offshore and onshore drilling platforms to explore for oil. Mehr saw that one of the other areas of cooperation between Iran and Iraq is in the education sector and technology transfer, saying: The University of the Oil Sector is ready to grant scholarships to Iraqi students.
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