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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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    An American company resumes oil production from the Kurdistan region

    Rocky
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    region - An American company resumes oil production from the Kurdistan region Empty An American company resumes oil production from the Kurdistan region

    Post by Rocky Sat 20 May 2023, 9:07 am

    [size=35][size=35]An American company resumes oil production from the Kurdistan region[/size]
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    Economy

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    2023-05-20 | 06:15
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    Alsumaria News - Economy

    The American company HKN, which operates in the Sarsang field in the Kurdistan region, said in a report regarding its activities in the first three months of this year 2023 that it had resumed oil production on the twenty-fifth of last April.


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    According to the American company, since the twenty-fifth of April, they have sold an average of 22 thousand barrels of oil per day in the Kurdistan region, and they expect to sell between 25 thousand to 50 thousand barrels per day in the local market. until the consumption of oil exports.



    The company said that it was forced to suspend production on the nineteenth of last April after the closure of the oil export pipeline of the regional government[You must be registered and logged in to see this link.]And all its warehouses are full.

    According to HKN, 600,000 barrels of oil have been stored and production has resumed for domestic consumption since last April.

    As for the price of the oil it sells, the company said that the price varies, but it is in line with the local market price.

    It is noteworthy that HKN's revenues for the first three months of this year 2023 were lower by 17.9% compared to the same period of last year 2022.

    International oil prices fell by 30.5% in the first quarter compared to the same quarter of last year, but production increased by 18.2%, to offset some of the price drops, the company said.

    The company's production level reached 35 thousand barrels per day in the first quarter of this year, compared to 29.6 thousand barrels per day in the first quarter of last year.

    HKN also said that it had not received its financial dues for the last three months of 2022 and the first three months of 2023 by the[url=https://www.alsumaria.tv/Entity/133481/%D8%A7%D9%84%D9%85%D8%AD%D9%83%D9%85%D8%A9 %D8%A7%D9%84%D8%B9%D9%84%D9%8A%D8%A7 %D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF%D9%8A%D8%A9 %D8%AD%D9%83%D9%88%D9%85%D8%A9 %D8%A5%D9%82%D9%84%D9%8A%D9%85 %D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86/ar/]Kurdistan Regional Government[/url].
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