Home
Oil: Two international companies compete to invest a “crutch”
Iraq 2023/08/23
[You must be registered and logged in to see this image.]
Baghdad: Rula Wathiq
The Oil, Gas and Natural Resources Committee in the House of Representatives revealed the intention to contract with two international companies to invest and develop the "Cruz" gas field in Anbar Province.
Committee member Ali Al-Mashkoor told Al-Sabah that two Armenian and Ukrainian companies are competing to invest in the Crutch gas field in Anbar instead of the Kukas company, noting that all hydrocarbon structures in the western region will be invested by one of the two companies that will win the investment contract. The Ministry of Oil confirmed the existence of open lines with several reputable companies to serve as an alternative to the "Kokaz" company to proceed with the development of the field in its previously planned stages, especially since it possesses huge reserves, in addition to the proven promising installations of large quantities of gas located near it, expressing the hope that it will be An essential and major source for providing dry gas fuel for power stations in Anbar, central and southern Iraq.
He pointed out that there are 29 promising and proven installations to provide hydrocarbons in Anbar Governorate, stressing that the region is mostly gas and outside the scope of the structural context of Iraq, which makes it rich in it and in need of development, adding that the governorates of Karbala, Najaf, and Muthanna include joint installations and are promising areas. At the same level, The oil expert, Dr. Furat Al-Musawi, said in an interview with "Al-Sabah" that a number of companies came together to obtain an investment contract for the Akkas field, but none of them succeeded in negotiating with the Ministry of Oil to win the investment contract, explaining that after ISIS took control of Anbar province in 2014 The Korean company Kukas, which had been awarded the contract in the third licensing round in 2010, withdrew.He pointed out that last May, during the participation of Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani in the Iraqi-Saudi Coordination Council, he stated that it was agreed with the Saudi side that Aramco would invest and develop the Crutch gas field in Anbar Governorate, and the aim of its investment and development was It is to reach a production capacity of up to (400 cubic meters) per day, stressing that this offer was one of the best offers made to invest in the field for several reasons, including the history of Aramco’s global name, which gives it high reliability in investment and the oil industry, and the fact that the structures of the subsurface crutch field are shared on The length of the border line with Saudi Arabia, as there are discovered gas fields on the Saudi border side, which may be of the same extent and specifications with the free gas in the Akkas field.Al-Moussawi pointed out that the Ministry of Oil wants to benefit from the expertise of foreign companies specialized in investing in gas fields, which have a well-known and international history in this aspect, since Iraq is counting on investing in promising gas fields and patches, after heading to invest the gas associated with oil fields, in maintaining the electric power system in Iraq. Which suffers from many problems due to the lack of supply of dry gas from the Iraqi fields, adding that Russian companies have applied to invest in the field, but the Ministry of Oil does not want to give them more concessions in Iraq, due to the presence of large projects for it in the south, in addition to its desire to create a kind of balance in the inclusion of companies from other nationalities.
Edit: Virgin Juma
[You must be registered and logged in to see this link.]
» utube MM&C 5/1/24 Iraqi Dinar - IQD Update - 2024 Budget - Cooperation - Confidence - Al-Sudani -
» Oil resources and political conflicts: the parties’ race to control Kirkuk’s wealth
» Obelisk Clock: Waste in ports exceeds “theft of the century”
» Al-Hakim: The countries of the region want to invest in Iraq
» The Ministry of Interior warns against harboring and employing violators of the foreigners’ residenc
» The National Bank of Iraq building was attacked by a bomb east of Baghdad
» It enters illegally and increases the unemployment rate.. Warnings about “foreign workers” in Iraq
» A parliamentary committee reveals two reasons preventing the resumption of oil exports to Türkiye
» A representative considered it a “scandal”... Sudanese agreed to supply Kurdistan with 720 tons of g
» Parliamentary Resources: Difficulty in resuming oil exports through Türkiye
» The position of Speaker of Parliament raises political division
» Soon.. voting on amending the law on the foundations of equivalency of certificates
» Iraqi workers celebrate their International Day
» Iraq exports to America more than 4 million barrels of oil
» “Quadruple Summit” regarding the “Development Road” project
» Oil and white products
» Specialists call for monitoring and regulating the entry of foreign workers
» Al-Sudani: Iraq will witness a revolution of projects to invest in water wealth
» Launching funding for the salaries of civilian and military retirees for the month of May
» Parliament reveals Erdogan's position on Iraq's water shares: He did not give clear approval
» Finance launches funding for the salaries of civil and military retirees for the month of May
» It may lead to "dividing the region"... revealing an imminent announcement to postpone the Kurdistan
» The Kurdish opposition addresses Baghdad: Do not respond to the request of the Kurdistan government,
» Sudanese sends gas to Kurdistan after the electricity collapse and the bombing of Kormor
» Al-Sudani makes a quick visit to the Interior Ministry and meets with senior officers: Be ready and
» On their International Day.. Iraqi workers: Our rights are absent and our economy is fragile
» Government official: Iraq has become a center for drug trade and smuggling
» Cabinet decisions do not include votes on budget schedules, and Parliament criticizes the delay
» Retired workers complain of poor living conditions
» Al-Issawi renews his commitment to running for parliament: I will submit only to God
» A Kurdish party refuses to settle the salaries of employees in the region's banks and files an accus
» Al-Hakim: Sectarianism in Iraq is not social but political
» Al-Sudani chairs the seventh meeting of the Supreme Committee of the Strategic Development Road Proj
» Al-Sudani chairs the seventh meeting of the Supreme Committee of the Strategic Development Road Proj
» Finance announces the launch of financing retirees’ salaries
» In just two weeks, the Sudanese is awaiting an action plan from the relevant ministries in agreement
» A thousand dinars every month.. An expert predicts the shape of the final journey of dollar prices
» Parliamentary Oil: The budget deficit is under control
» Parliamentary proposals to impose an economic blockade on Iraq
» His advisor: Al-Sudani succeeded in digital transfer in banks
» Economist reassures: Financial liquidity is available and there are no risks to the Iraqi dinar
» Iraq is preparing to bid farewell to the blonde old woman and end the UNAMI mission
» utube MM&C 4/30/24 Projects - Confidence Building - National Bank of Iraq
» Al-Sudani: The government is serious about moving to a diversified economy and supporting the indust
» Deputy: The dollar exchange rate is still high
» The Finance Committee reveals the total transfers today in Iraq
» Minister of Industry: Iraq does not have iron ores suitable for production and we depend on imports
» “The Dilemma of Economic Decisions”... Implementing a gasoline price increase despite opposition fro
» Ukrainian trade explodes with a “surprise”: Iraq has contracted with a “fake” Ukrainian company to d
» Iraq is preparing to invest in the largest gas field
» An economic expert for Nina: The World Bank’s expectations that Iraq will achieve a high growth rate
» The UAE buys cheaper Iraqi oil to increase its exports of “more expensive crude”
» The largest gas field in Iraq is close to seeing the light: a wealth that will reduce the import bil
» Minister of Resources: Water storage in dams is at its best
» Sadiqoun demands that Taqadum give up all positions in exchange for the presidency of Parliament
» Al-Sudani inaugurates the continuous casting factory at the General Company for Steel Industries in
» Iraq exports to America more than 4 million barrels of crude oil and its derivatives in a month
» Al-Sudani: We are committed to workers’ rights and reconstruction projects will not stop
» The Parliamentary Development Institute organizes a workshop on the right to information law
» Parliamentary Integrity: The judiciary is making a great effort to resolve the theft of the century
» Parliamentary Finance: The government holds responsible for the delay in sending the budget schedule
» Economist: Iraq faces a shortage of 3.5 million housing units
» Obelisk Hour: Sudanese’s visit to Washington did not address the “American exit”
» Planning clarifies the position on contracts and wages from the job number platform
» New country legalizes cryptocurrencies
» The UAE's Dana Gas announces the resumption of work in the "Kormor" field
» The International Comprehensive Shopping Festival kicks off in an Iraqi governorate
» The Minister of Labor gives good news to the workers: Wait for next week
» Iraq's water storage is at its best... Will it address the agricultural situation?
» The government takes a number of new decisions
» The Minister of Labor announces an increase in the salary of retired workers by 100 thousand dinars
» Al-Sudani: Service projects in Iraq “will not stop”
» 90 percent of it comes from across the border. Parliament unveils a new strategy to limit currency s
» Iraq is implementing a "modern strategy" to get rid of a "Sumerian custom" that depleted the waters
» The Minister of Transport announces the opening of 48 collective lines in six governorates
» The Federal Integrity Commission announced the arrest of waste of public money, violations and manip
» Government Media: 3 million citizens have registered so far on the Ur electronic portal
» Labor Day in Iraq.. 6 million workers with an unknown future and stolen rights, and 90% of them “wit
» Iranian Chamber of Commerce: Iraq's investment budget is 150 billion dollars, and our share in it mu
» On International Workers’ Day... The President of the Republic: We stress the necessity of working t
» Prime Minister: We affirm our commitment to all Iraqi workers, men and women, to provide a work envi
» Progress threatens to withdraw from the political process in the event of infringement on its quota
» Bloomberg: Iraq violated its oil export quota and did not adhere to OPEC+ decisions
» Al-Sudani stresses the importance of following up on the understandings reached between Iraq and Ame
» From "everything is imported" to "food made by one's own hands"... Parliamentary reference to Iraq's
» The government hires an external auditor for the Trade Bank of Iraq
» Among them relates to the path of development...the full decisions of the Council of Ministers sessi
» Al-Maliki warns of the Washington Embassy's plans to threaten Iraqi society
» utube MM&C 4/28/24 Iraq Dinar - IQD - Banks - Merge Regionally - Water - Labor -Jobs - Dinar Value
» Iraqi Business: There are no financial fears in Iraq for three years, and fear regarding the path of
» Parliament is discussing with the Finance and Retirement Law amending the Landlords Law
» Customs and taxes... Parliamentary Finance talks about huge sums of money that do not enter the stat
» Parliamentary Oil threatens to sue the Ministry of Oil over raising gasoline prices
» Iraq begins installing radiation screening gates at border crossings
» Hong Kong launches Asia's first Bitcoin and Ether ETFs
» Al-Mandalawi discusses with the delegation of the Jordanian Senate the achievement of economic integ
» Parliament draws attention to the work of security companies in Iraq and identifies the party concer
» How does a Sudanese choose the countries he visits and what are his messages?