The Minister of Oil talks about the possibility of resuming oil exports via Turkish Ceyhan
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Baghdad today - Baghdad
Deputy Prime Minister and Minister of Oil, Hayan Abdul Ghani, spoke today, Wednesday (January 3, 2024), about the possibility of resuming oil exports via Turkish Ceyhan.
In a speech during his chairmanship of the leadership meeting for operations and followed by “Baghdad Today,” Abdul-Ghani praised “the achievements achieved in the oil sector during the past year,” stressing “the implementation of what was stated in the government program, and accelerating the implementation of strategic projects in the extraction, refinery, and gas sectors.” Distribution, export outlets, renewable energy, infrastructure, etc.
He added: “We aspire that the new year will witness the implementation of many strategic projects and the achievement of achievements, and we hope that this will constitute an important addition to the oil industry,” indicating that “in the
extraction sector, we are working to enhance projects to sustain and increase oil production, and implement the requirements of the five-year plan to reach a production rate.” (6) million barrels per day.”
extraction sector, we are working to enhance projects to sustain and increase oil production, and implement the requirements of the five-year plan to reach a production rate.” (6) million barrels per day.”
He pointed out, "In the refinery sector, we have achieved a significant increase in production, and we plan to reach self-sufficiency and stop imports. The coming period will witness the completion of a number of promising projects that achieve our goals," pointing out that "we have succeeded in promoting associated gas investment projects, and we have witnessed In the past period, there has been an increase in the quantities of gas invested from oil fields, and this year will witness the addition of (200) mqmq from the fields invested within the work tasks of the Basra Gas Company, in addition to promising increases from the fields of the Maysan and Dhi Qar Oil Companies.
He continued: "We are working to enhance the strategic reserve of petroleum products, to support the electric power generation sector and the local need," while he stressed that "we are working to resume the export of crude oil through the northern port, to enhance financial revenues to support the state treasury."
He stated, "In 2023, the Ministry achieved an increase in financial revenues over what was planned, and we hope to achieve more during the new year."
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