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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


    Parliament recalls the importance of the recent licensing rounds: they will increase production by o

    Rocky
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    Parliament recalls the importance of the recent licensing rounds: they will increase production by o Empty Parliament recalls the importance of the recent licensing rounds: they will increase production by o

    Post by Rocky Thu 30 May 2024, 7:02 am

    Parliament recalls the importance of the recent licensing rounds: they will increase production by one million barrels per day

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    Economy News - Baghdad
    Today, Thursday (May 30, 2024), the Parliamentary Oil and Gas Committee revealed the importance of the fifth and sixth licensing rounds that were recently announced by the Iraqi Ministry of Oil.
    Committee member Kazem Al-Touki said, “The fifth and sixth licensing rounds will increase production to one million barrels per day, in addition to exploiting the gas directly by companies, and not as was previously the case with Iraq’s agreement with the specialized companies to extract oil only while burning the gas.”
    Al-Touki stated, “During the fifth and sixth licensing rounds, the company contracted with will be obligated to extract oil while investing the gas and converting it to national production, and adding gains from social benefits to the regions. Every company working on any oil project allocates $10 million as social benefits for the regions’ infrastructure.” In addition to employing the workforce, this matter will include most of the cities in Iraq.”
    On Saturday (May 11, 2024), Iraq launched the fifth supplementary licensing round and the sixth round, including 29 projects in 12 Iraqi governorates. 
    Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayyan Abdul-Ghani Al-Sawad, said on Sunday (May 12, 2024) that the fifth and sixth rounds of supplementary licensing will contribute to a significant increase in associated gas and free gas and will be reflected in power stations and the petrochemical and fertilizer industry.  




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