Minister of Oil: This is what happened within a year... of the life of the bold government

Baghdad – 964

A statement from the Ministry, a copy of which was received by 964 Network , stated :

[You must be registered and logged in to see this image.]One year of the government's life
[You must be registered and logged in to see this image.]Deputy Prime Minister for Energy Affairs
[You must be registered and logged in to see this image.]The decisions taken by the government related to the oil and energy sector during its year were characterized by boldness and courage.
[You must be registered and logged in to see this image.]Activating contracts for oil and gas licensing rounds, and a series of contracts with Total, the most prominent achievements that support the national economy and sustainable development.
[You must be registered and logged in to see this image.]Operating the Karbala refinery, a group of southern refineries projects, and rebuilding the Al-Samoud refineries in Baiji are an important step towards achieving self-sufficiency in petroleum products.
[You must be registered and logged in to see this image.]The Ministry succeeded in achieving a significant increase in the financial revenues of the state treasury by exporting crude oil and other products to global markets.
[You must be registered and logged in to see this image.]We contributed to strengthening Iraq’s role in “OPEC Plus” and working to stabilize global markets and increase oil prices.
[You must be registered and logged in to see this image.]The Deputy Prime Minister for Energy Affairs and Minister of Oil described the decisions taken by the government related to the oil and energy sector during its year as bold and courageous.
Deputy Prime Minister for Energy Affairs and Minister of Oil, Mr. Hayan Abdul Ghani, said in a speech on the occasion of the one-year anniversary of the formation of the government, that the government has paid exceptional attention to the oil and energy sector, and its decisions have been characterized by boldness, courage, and a future vision that achieves steps to develop and advance the oil industry, including the decision to activate contracts. The fifth licensing rounds and the conclusion of contracts with the winning companies last February of this year, which is expected to add a quantity of (1,000) cubic feet of gas and more than (250) thousand barrels of crude oil, in addition to the ministry announcing the fifth oil and gas licensing rounds.” “Annex” and “Sixth,” which aim to enhance optimal investment opportunities for the national wealth of the 30 oil and gas sites and fields, which will hopefully add large quantities of oil and gas to the national oil reserve and production. Abdul Ghani pointed out the importance of the government and the ministry’s decision to proceed with concluding a group Contracts with the international company Total Energy, which contribute to the advancement of the oil and energy industry and the strengthening of infrastructure and renewable energy, which included a seawater treatment contract for the purpose of providing suitable water for reservoir support for oil fields with a capacity of (5) million barrels per day, which contributes directly to sustaining and increasing The national production of crude oil, and the contract for investing in associated gas from (4-5) oil fields, with a capacity of (600) megameters. This contract represents a qualitative addition to the gas and environment sector, and enhances national production, and the contract for developing the Artawi field and increasing production to 220 thousand barrels, in addition to To invest in associated gas, and a contract to invest in solar energy to generate electrical energy with a capacity of one kilowatt (1000 megawatts), which is one of the pioneering projects in Iraq and the region.
Regarding associated gas investment, the Minister of Oil confirmed that the government program included the government’s strategy and steps to support the national economy and sustainable development, by supporting gas investment projects, stopping its burning, and converting it into useful energy that enhances national production in the oil fields in the north, center, and south, and we aim to achieve this by concluding more Contracts in the governorates of Basra, Maysan, Dhi Qar, Anbar, Diyala and other cities to achieve full investment of the available amounts of national wealth.
Regarding the most prominent achievements in the refinery sector, the Deputy Prime Minister for Energy Affairs and Minister of Oil said that operating the Karbala refinery with a refining capacity of (140) thousand barrels is an important step to cover a large part of the local need, in addition to the quality and quality of petroleum products, which contribute to reducing the quantities of imported fuel. The Minister of Oil also considered the efforts of the Southern Refineries Company to implement a number of projects to increase production and refining capacity and improve fuel quality, in addition to the reconstruction of the Baiji refinery through the national effort, as an important step to enhance the national production of petroleum derivatives.
[color:9889=rgba(0, 0, 0, 0)]The Minister of Oil referred to the efforts of the government and the ministry in strengthening infrastructure projects and increasing export capabilities from the southern port, and the interest in renewable energy projects and preserving the environment and climate, and the effective contribution to “OPEC Plus” to stabilize global markets, and the success of the government and the ministry in achieving financial revenues for the state treasury, and contributing The Ministry of Oil has distinguished itself in promoting and stabilizing electrical energy throughout Iraq, in addition to community initiatives and great support for the health, humanitarian and cultural sectors and the families of the martyrs and the wounded.
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