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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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    Oil: Achieving Financial Revenues Estimated At More Than $900 Billion Within 12 Years

    Rocky
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    billion - Oil: Achieving Financial Revenues Estimated At More Than $900 Billion Within 12 Years Empty Oil: Achieving Financial Revenues Estimated At More Than $900 Billion Within 12 Years

    Post by Rocky Thu 28 Sep 2023, 4:41 am

    Oil: Achieving Financial Revenues Estimated At More Than $900 Billion Within 12 Years
    09/28/2023
    2440

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    Earth News/ Oil Minister Hayyan Abdul Ghani announced today, Thursday, the inauguration of the new Sumer tanker with a capacity of up to 200 thousand barrels, while noting the achievement of financial revenues estimated at more than 900 billion dollars within 12 years.
    The Minister of Oil said in a statement issued on the sidelines of his participation in the inauguration of the new tanker Sumer in the port of Khor Al-Zubair in Basra Governorate, and received by Earth News Agency, “We are looking forward to developing the fleet of the Iraqi Oil Tanker Company, through contracts with reputable international companies to build modern tankers with different tonnages, which will join... To the tankers the company owns, it gradually contributes to the process of increasing the transport of quantities of crude oil and petroleum products, in proportion to the size of the capabilities and expertise possessed by the Iraqi Oil Tanker Company, as well as keeping pace with the scale of development witnessed by the oil industry in Iraq.”
    He added, "The tanker Sumer's load of 200,000 barrels was contracted alongside the tanker 'Akkad', with the same load, and it is hoped that it will arrive at the port in the near future."
    For his part, the Undersecretary of the Ministry of Oil for Distribution Affairs, Ali Maaraj, according to the statement, praised “the national effort and achievements made by the oil sector after 2003, and its contribution to increasing production and export, and achieving financial revenues for the state treasury,” noting “the importance of the licensing rounds that contributed to adding an amount of three million barrel for national production, achieving financial revenues exceeding more than 900 billion dollars.”
    While the Director General of the Iraqi Oil Tanker Company, Ali Qais, confirmed, according to the statement, “the support of the Ministry and the Minister of Oil to build a new fleet for the Iraqi Oil Tanker Company by strengthening the company’s stock of oil tankers, which were damaged by the wars.”
    He added, “In 2020, the Iraqi Oil Tanker Company concluded a contract with a Norwegian company to build two tankers with a capacity of 31,000 thousand tons each, the Sumer and Akkad, in which the ministry and the company aim to strengthen the company’s fleet in transporting crude oil and oil derivatives in addition to the activity of the current tankers, which is the Baghdad.” Shatt al-Arab, Tigris and Euphrates.
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