[size=36]Oil: We exported limited quantities with large revenues amounting to 11 billion dollars per month[/size]
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A statement by the ministry, which Mawazine News received a copy of, stated that the First Vice President of the National Oil Company - Executive Director Hamid Younis confirmed during his tour of Basra oil and the Faw oil port: planning to sustain and increase the national production of crude oil.
He continued his speech, that the ministry and the company are keen to implement projects that contribute to sustaining and increasing the national production of crude oil, and working to achieve a high flow and pumping of crude oil to global markets in support of the national economy.
He added, "This came during an inspection tour by the Executive Director to the Basra Oil Company and the Faw oil port, accompanied by the Director General of the Basra Oil Company and a number of officials, to follow up on the implementation of a number of infrastructure development projects aimed at sustaining and increasing production and escalating export capacities, including the pipeline system project. The marine and storage and pumping stations in the port of Faw in Basra Governorate
Younis said that the national staff, in cooperation with international contracting companies, continues day and night in order to implement the planned programs for these projects despite the economic and health challenges and high temperatures. Expanding export capabilities and developing the southern ports, in proportion to the expected increases, pointing to
The ministry's success in exporting limited quantities with large financial revenues ranging between (10-11) billion dollars per month, which contribute to supporting the national economy.
The statement pointed out that during a meeting he held with officials in the Basra Oil Company, the Vice President of the National Oil Company stressed the importance of expediting the implementation of the planned projects, and the importance of developing oil fields in the south to support national production, and work to improve the investment environment in the oil sector, to attract More sober international companies, and that the company is working to expand the horizons and develop its investment and commercial philosophy in order to enhance its economic and development role.
Younes expressed his hope that the group of projects concluded by the ministry and the company with Total will contribute to increasing and sustaining production, including the project to transfer sea water to oil fields, and increase oil production from Artawi, as well as investing in gas and clean energy. Ended 29/R77