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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Iraq offers 14 oil and gas fields and sites for global investment

    Rocky
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    • Post n°1

    Iraq offers 14 oil and gas fields and sites for global investment Empty Iraq offers 14 oil and gas fields and sites for global investment

    Post by Rocky Wed 24 May 2023, 4:41 am

    [size=36]Iraq offers 14 oil and gas fields and sites for global investment[/size]

    Economy| 10:07 - 05/24/2023

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    Baghdad - Mawazine News
    The Ministry of Oil called, on Wednesday, international companies specialized in developing oil and gas fields and sites to participate in the competition process in the new round complementary to the fifth licensing round, which includes 14 oil and gas fields and sites.

    The ministry's official spokesman, Assem Jihad, said, "It was in contact with what was announced by the ministry in 2018 regarding the fifth licensing round, and what followed it last February in concluding contracts with the winning companies in the fifth licensing round to develop a number of border exploration fields and sites in A number of governorates, and with the aim of enhancing the ministry's goals in encouraging investment in the oil sector in cooperation with discreet international companies, new fields have been offered.

    Jihad added, in an interview with the official newspaper, "Al-Sabah", followed by Mawazine News, that "among those sites are 4 patches or sites that were not resolved in the last round in 2018, in addition to 10 new fields and sites that were added to the appendix of this round, distributed between the central and southern governorates." .

    He explained, "The fields are: the Al-Faw and Jabal Sanam patches, the Al-Kafriya field, Abu Khaymah, and the marine patch in Basra Governorate, the Al-Shihabi patch in the Maysan and Wasit provinces, the Al-Dima field and the Qalaat Saleh patch in the Maysan province, and the field east of Baghdad - the northern supplies - the provinces of Baghdad and Salah al-Din, and the Al-Dhafriya field." In the province of Wasit and the fields of Allan and Sasan in the province of Nineveh and the field of Balkana in the province of Salah al-Din and the fields of the Middle Euphrates (Kifl, West Kifl and Marjan).

    He stressed that "international companies specialized in exploration, development and production activities must pass the pre-qualification process in accordance with the standards approved by the Ministry of Oil for companies that did not undergo the pre-qualification process." in order to achieve common goals and interests.

    And he indicated, “The ministry is keen on optimal investment of hydrocarbon wealth, in line with the government program and the directives of Prime Minister Muhammad Shia’a al-Sudani, by increasing oil and gas reserves, sustaining and increasing national production of crude oil and free gas, and treating the gas associated with oil operations and converting it into productive and useful wealth and energy that covers the local need.” Especially for electric power stations, the manufacture of petrochemicals, fertilizers, and others, and exporting the surplus to global markets to achieve financial revenues that provide the state treasury with more revenues, in support of the national economy and sustainable development, as well as advancing the economic reality of the governorates in the north, center, and south, and providing job opportunities for their people. Ended 29/N33
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    Rocky
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    • Post n°2

    Iraq offers 14 oil and gas fields and sites for global investment Empty Oil offers 14 new fields and locations for global investment

    Post by Rocky Wed 24 May 2023, 5:03 am

    Oil offers 14 new fields and locations for global investment


    Iraq  2023/05/24
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     Rula Wathiq
     
    The Ministry of Oil has called on international companies specialized in developing oil and gas fields and sites to participate in the competition process in the new complementary round of the fifth licensing round, which includes 14 oil and gas fields and sites. 
    The official spokesman for the ministry, Assem Jihad, told Al-Sabah: "It is in contact with what was announced by the ministry in 2018 regarding the fifth licensing round, and what followed it last February in concluding contracts with the winning companies in the fifth licensing round to develop A number of border exploratory fields and sites in a number of governorates, and with the aim of enhancing the ministry's goals in encouraging investment in the oil sector in cooperation with discreet international companies, the new fields have been offered. 
    He added, "Among those sites are 4 patches or sites that were not resolved in the last round in 2018, in addition to 10 new fields and sites that were added to the appendix of this round, distributed between the central and southern governorates," noting that "the fields are: the Faw patches, Jabal Sanam, and the Kafriya field." And Abu Khaymah and the offshore patch in Basra Governorate, the Shihabi patch in the Maysan and Wasit governorates, the Dima field and Qalaat Saleh patch in the Maysan governorate, the eastern Baghdad field - northern supplies - the Baghdad and Salah al-Din governorates, the Dhafriya field in the Wasit governorate, the Allan and Sasan fields in the Nineveh governorate, and the Balkana field in the province Saladin and the fields of the Middle Euphrates (Al-Kifl, West Al-Kifl and Marjan). 
    He stressed that "international companies specialized in exploration, development and production activities must pass the pre-qualification process in accordance with the standards approved by the Ministry of Oil for companies that did not undergo the pre-qualification process, and the ministry confirms its keenness to provide support and attribution to the work of investment companies and provide the appropriate environment, in order to achieve the goals." and common interests." Jihad stated, 
    He added, "Iraq is in dire need to develop gas fields, as it imports gas at a value ranging between 3.5 to 4 billion dollars annually to operate power stations, and therefore it is supposed to develop the production of its oil derivatives with new refinery projects, from which it imports annually at a value ranging from 3 billion dollars." 
    He explained, "Today we are on the verge of opening two plants to purify the gas associated with oil in Basra, which will produce 300 to 400 million cubic feet per day," noting that "Iraq is in a state of confusion and lack of clarity on how to develop the oil industry in a manner commensurate with its needs, and the world that is moving towards clean energy such as gas and energy." solar, wind, etc. 
    He continued: "There is a tendency to produce 6 million barrels of oil per day by the year 2027, and yet Iraq does not have new export outlets," wondering: "Will this tour guarantee Iraq a real advancement so that this will be reflected in the reality of the infrastructure that suffers from weak and poor services?" And an increase in revenues and a significant weakness in services.

    Edited by: Muhammad Al-Ansari
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