14:37 - 2023-02-19
Today, Sunday, the Ministry of Oil announced work on a large project in the Bin Omar field in the south, while indicating the instruction to resume the work of the contracting companies in the fifth licensing round.
The adviser to the Ministry of Oil for Energy Affairs, Abdel-Baqi Khalaf, said, "There are serious attempts by Iraq to invest in the free gas fields, but due to the circumstances of the war and many challenges, it led to the withdrawal of some companies, such as the Cocas Company in the crutch field, which started and spent large sums in the field, but it It withdrew due to the entry of the terrorist ISIS gangs and the war that took place after that to eliminate them," indicating, "There is hesitation on the part of some companies to invest the Mansouriya field."
He added, "Gas investments are large and expensive, and they need political stability," stressing that "the current government is serious about signing these projects."
He continued, "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, and it is a large project," stressing that "the trend is now with high momentum towards gas projects."
He pointed out, "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 stopped, due to the observations of the supervisory authorities in At that time, it was under study."
And 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 Governorate, there are more than one geographical area, in addition to the Hoveizeh and Sinbad fields in Basra."
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