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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


    Emirati company: We aim to produce 750 million cubic feet of Iraqi gas

    Rocky
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    Emirati company: We aim to produce 750 million cubic feet of Iraqi gas Empty Emirati company: We aim to produce 750 million cubic feet of Iraqi gas

    Post by Rocky Wed 13 Dec 2023, 4:52 am

    Emirati company: We aim to produce 750 million cubic feet of Iraqi gas 

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    Economy News - Baghdad
    The Emirati company, Al Hilal, announced an assessment of potential resources of 80 trillion cubic feet of natural gas, which could meet not only the needs of the Kurdistan Region and the rest of Iraq, but potential future export markets as well.
    The CEO of Crescent Petroleum, Majid Jaafar, said, “The agreements, which have a duration of more than 20 years, aim to develop two areas containing four fields in Diyala Governorate, which is located directly south of the Kurdistan region, and another large exploration area in Basra Governorate on the Kuwaiti border.” "After the expansion, we target gas production of 750 million cubic feet [of gas per day]. There will also be oil production, which will depend on the valuation. The initial investments will reach $1 billion, but over the life of the contracts it will of course be several times more."
    He added, "In these new areas, we hope to repeat our achievements in the Kurdistan region. In our fields there, we have evaluated potential resources amounting to 80 trillion cubic feet of natural gas, which can meet not only the needs of the Kurdistan region and the rest of Iraq, but also potential export markets in the region." The future too." 
    He continued, “Like many frontier markets, especially in the post-conflict phase, there are great challenges, but there is also great potential. There are significant investment needs in all sectors, the population of 45 million is growing, and with rising energy prices, there is "The government has liquidity. We have certainly faced our fair share of challenges, from security incidents to delayed payments, but most importantly, respect for our terms of communication has always been there."


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