Oil: Two international companies compete to invest a “crutch”

[size=52]Oil: Two international companies compete to invest a “crutch”[/size]

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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 said: 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. A source in the Ministry of Oil confirmed The presence of open lines with several reputable companies to be 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 his hope that it will be a major and main source for providing Dry gas fuel for power plants 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-Mousawi, said in an interview that a number of companies sought to obtain an investment contract for the Crutch 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 KOKAZ withdrew The contract was awarded to her within the third licensing round in 2010.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.[/size]
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