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[size=36]Oil: The sixth licensing round for gas is under study and preparation[/size]
Economie| 02:19 - 02/19/2023
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Baghdad - Mawazine News
The Ministry of Oil announced, on Sunday, the work on a large project in the Bin Omar field in the south, while referring to the directive to resume the work of the contracting companies in the fifth licensing round.
"Gas investments are large and costly, and they need political stability," Abdel-Baqi Khalaf, adviser to the Ministry of Oil for Energy Affairs, said in an interview with the official news agency, which was followed by Mawazine News, stressing that " the current government is serious about signing these projects.”
He pointed out that "the Ministry of Oil is working on a free gas project in the south in the Bin Omar field, with a capacity of 300 million square feet, which is a large project," stressing that "the trend is now with high momentum towards gas projects.”
He added, “The sixth licensing round is still under study and preparation, and no contract or announcement has been made about this round. As for the fifth round, it has been since the years: 2017 and 2018, and contracts were concluded on 6 geographical border patches, but most of them were stopped, due to the observations of the supervisory authorities in that.” time, and was under study.”
He continued by saying: "These observations were recently completed, and the government instructed the continuation of the work of the contracting companies," noting that "the contracts were signed with many companies, such as Chinese, Malaysian and other companies."
He pointed out, "There are separate gas fields, including in Diyala province, there are more than one geographical area, in addition to the Hoveizeh and Sinbad fields in Basra." Ended 29/N33
The Ministry of Oil announced, on Sunday, the work on a large project in the Bin Omar field in the south, while referring to the directive to resume the work of the contracting companies in the fifth licensing round.
"Gas investments are large and costly, and they need political stability," Abdel-Baqi Khalaf, adviser to the Ministry of Oil for Energy Affairs, said in an interview with the official news agency, which was followed by Mawazine News, stressing that " the current government is serious about signing these projects.”
He pointed out that "the Ministry of Oil is working on a free gas project in the south in the Bin Omar field, with a capacity of 300 million square feet, which is a large project," stressing that "the trend is now with high momentum towards gas projects.”
He added, “The sixth licensing round is still under study and preparation, and no contract or announcement has been made about this round. As for the fifth round, it has been since the years: 2017 and 2018, and contracts were concluded on 6 geographical border patches, but most of them were stopped, due to the observations of the supervisory authorities in that.” time, and was under study.”
He continued by saying: "These observations were recently completed, and the government instructed the continuation of the work of the contracting companies," noting that "the contracts were signed with many companies, such as Chinese, Malaysian and other companies."
He pointed out, "There are separate gas fields, including in Diyala province, there are more than one geographical area, in addition to the Hoveizeh and Sinbad fields in Basra." Ended 29/N33
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