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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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    Iraq's North Oil Company production rises to about 400,000 barrels per day

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    Iraq's North Oil Company production rises to about 400,000 barrels per day Empty Iraq's North Oil Company production rises to about 400,000 barrels per day

    Post by Rocky Fri 05 Jul 2024, 5:10 am

    Iraq's North Oil Company production rises to about 400,000 barrels per day


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    2024-07-05 02:31
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    Shafaq News/ A source in the North Oil Company in Kirkuk Governorate (255 km north of the capital, Baghdad) reported on Friday that the company's oil production has increased to more than 360 thousand barrels per day.
    The source told Shafaq News Agency, "The production process in the North Oil Company reached more than 360 thousand barrels per day, and we are working during the remaining months of the current year to reach production of 400 thousand barrels per day after developing and reclaiming a number of oil wells in fields affiliated with the North Oil Company, and it was completed by the Iraqi Drilling Company within the Iraqi Ministry of Oil."
    The source pointed out that "the current production is divided into 150 thousand barrels prepared for government refineries in Baiji and Dora refineries, as well as preparing other refineries specified by the Ministry of Oil with a limit of 100 thousand barrels, and the company deals with the remainder according to the needs of the oil company."
    The source added, "The North Oil Company will enter a group of wells that have been developed and raise their oil production to the current total production of 360 thousand barrels per day."
    In this context, oil expert Ali Khalil confirmed to Shafaq News Agency, "The current production of the North Oil Company, which amounts to about 360 thousand barrels, is considered an average level in the company's overall production, because the company's actual production can exceed 750 thousand barrels per day, and this rate means that the company's production now reaches about 50 percent of the total production."
    He stressed that "the Ministry of Oil must pay attention to the public sector, including the North Oil Company, and a development budget can be allocated for the company to increase its production, as the company was exporting between 500,000 and 750,000 barrels per day through the Turkish port of Ceyhan from 2009 to 2013."
    Khalil also pointed out that "the halt in exports from Kirkuk fields to the Turkish port of Ceyhan contributed to the failure of the North Oil Company to raise the overall level of crude oil production, and even develop the company's infrastructure. There are sites and factories that need development, and this is reflected in the increase in production in the North Oil Company, and contributes to increasing the financial income of the Iraqi state treasury."
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