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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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    The Minister of Oil sponsors the signing of an agreement to develop the Tuba oil field project with

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    The Minister of Oil sponsors the signing of an agreement to develop the Tuba oil field project with Empty The Minister of Oil sponsors the signing of an agreement to develop the Tuba oil field project with

    Post by Rocky Sun 12 May 2024, 3:26 pm

    The Minister of Oil sponsors the signing of an agreement to develop the Tuba oil field project with a capacity of 200 thousand barrels per day

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    Oil Minister Hayan Abdul Ghani



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    Economy News - Baghdad
    On Sunday, Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani, sponsored a ceremony for signing an agreement of principles (HOA) with a Chinese-Iraqi coalition to develop the integrated Tuba oil field development project with a capacity of 200 thousand barrels per day and investment of 50 mqm of gas.
    Abdul Ghani said in a statement, seen by Al-Iqtisad News, that “the Ministry of Oil is proceeding with great strides to implement the decisions of the government program for integrated projects launched by Prime Minister Muhammad Shiaa Al-Sudani,” noting that “the Ministry today signed the Principles Agreement (HOA) with A coalition between the Chinese “Geo-Jade” and the Iraqi “Crescent Basra” companies to invest in the integrated Tuba field development project for producing crude oil with a capacity of 200,000 barrels per day and investing and processing gas with a capacity of 50 Mqmq, in addition to that, establishing a refinery with a capacity of 200,000 barrels per day and establishing a petrochemical factory with a production capacity. 800 tons annually of polyethylene and polypropene, in addition to a fertilizer factory and the establishment of two power stations.”

    The minister pointed out that "the project is one of the integrated projects and will be a qualitative and quantitative addition to the national economy, failing to provide job opportunities for the people of the area near the field, Al-Zubair District, and the people of Basra Governorate."

    The Director General of the Basra Oil Company, who signed the principles agreement with the combined company, said, "The project will raise the company's oil production rates and gas investment and will secure clean electrical energy." 

    The company's Assistant General Manager, Hassan Muhammad, said, "The project will provide 1,200 megawatts of electrical energy through the two stations that will be established, one of which will operate on fuel energy to produce 800 megawatts, and the second will use solar energy and will provide 400 megawatts."


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