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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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    An oil expert regarding the "Angolan Company": Its work is a failure and the contract with it is a m

    Rocky
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    An oil expert regarding the "Angolan Company": Its work is a failure and the contract with it is a m Empty An oil expert regarding the "Angolan Company": Its work is a failure and the contract with it is a m

    Post by Rocky Thu 22 Feb 2024, 4:34 am

    [size=35][size=35]An oil expert regarding the "Angolan Company": Its work is a failure and the contract with it is a mistake[/size]
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    02-21-2024 | 15:05
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    On Wednesday, an oil expert described the work of the Angolan company that Iraq contracted to develop the Qayyarah oil field as “failed,” while he considered that contracting with it was a mistake.


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    Hamza Al-Jawahiri said during his speech to the “After Investigation” program broadcast by Al-Sumaria satellite channel, “The only economic work that succeeded in Iraq is the licensing rounds,” stressing by saying, “Neither agriculture was able to grow, nor industry, nor tourism, except oil, which finances the Iraqi budget.”


     
    He added, "Licensing rounds have suffered many attacks from people who have despicable purposes to control Iraqi oil."
     
    Al-Jawahiri pointed out that “the Qayyarah field extracts asphalt to pave the streets and build houses, and very heavy oil remains,” adding, “It was a big mistake to give the Angolan company a contract because it will harm all licensing contracts, and this is what happened.”
     
    The oil expert confirmed that "the company's work failed and it entered into a contract with the tanker company in Basra to transport oil in tanks," revealing that "the contractor who came instead of transporting the tanks smuggled it abroad through Kurdistan."
     
    He continued, "It is possible to terminate the contract if the company is incompetent, and experiences have proven that," considering that "the issue involves corruption, and the company's return to work is corrupt, and the Ministry of Oil is supposed to terminate the contract," considering that "I want this contract to be an icon of corruption to attack licensing round contracts." .
     
    Iraq concluded two agreements in December 2009, with initials, with the Angolan National Oil Company (Cinangol) to develop the Qayyarah and Najma oil fields located in the north of the country.
     
    The company won the two contracts after submitting an offer carrying a fee of six dollars per barrel and a target to produce 110,000 barrels per day for the Najma field, and a fee of five dollars per barrel and a target to produce 120,000 barrels per day for the Qayyarah field.
     
    ISIS took control of the Najma and Qayyarah fields near the northern city of Mosul, and to the south near Tikrit, the organization also took control of the Hamrin and Ajil fields during their attack in which they invaded northern Iraq during 2014.
     
    The Angolan Oil Company withdrew from an agreement to increase production in the Qayara fields in 2014, attributing this to increased security risks.
     
    It is noteworthy that the Qayyarah oil field includes 50 oil wells, 34 of which were damaged by “ISIS militants.” Of this number, the organization blew up 18 wells during the withdrawal of its militants from the Qayyarah district in late August 2016, two years after it took control of the district.
     
    In 2018, Iraq was able to resume production from the Qayyarah oil field in Nineveh Governorate, after expelling ISIS, which controlled the field. It carried out comprehensive reconstruction operations for the wells, facilities and pipes that were damaged in the field, and then began exporting its oil from this field abroad. for the first time.
     
    The Qayyarah field stopped production in March 2020, before the process of producing, loading and exporting crude oil to global markets from the field resumed in May 2023.


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