Parliament forms committee following violations of Iraq's economy and territory

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[size=52]Parliament forms committee following violations of Iraq's economy and territory[/size]

[size=45]Member of Parliament Zahra Al-Bajari announced the formation of a parliamentary committee following the violations against the Iraqi economy and its lands.[/size]
[size=45]Al-Bujari said, “This is the second time that the Iraqi economic zone has been encroached upon by the Gulf side. The first was in the Al-Durra field and the second was in the Al-Nukhada field.”[/size]
[size=45]She added: "There was an Amiri decision in 2014 that legitimized the unilateral swallowing of Iraq's economic waters."[/size]
[size=45]Al-Bujari pointed out that “the estimated initial area of ​​the confiscated Al-Nukhdha field is 96 square kilometers,” indicating that “the initial estimates of the existing fuel reserves indicate the presence of 3 billion barrels of light oil and 5.1 trillion cubic feet of gas, equivalent to 3.2 billion barrels of oil.”[/size]
[size=45]She pointed out that "the Council of Representatives formed a committee to look into the violations against the Iraqi economy and its lands."[/size]
[size=45]On Sunday, the Kuwait Petroleum Corporation announced a huge oil discovery in the Al-Nukhadha field, east of Kuwait’s Failaka Island, with an oil reserve estimated at about 3.2 billion barrels of oil equivalent.[/size]
[size=45]The CEO of the institution, Nawaf Saud Nasser Al-Sabah, said in a video clip on X that the reserves of the new discovery are equivalent to the country's total production in three years.[/size]
[size=45]“The huge discovery will open up a wide area in the Kuwaiti continental shelf, in addition to our ongoing work in the Dorra field, where the Kuwait Gulf Oil Company is completing engineering studies and working on preparing the field’s infrastructure,” Nawaf Saud Nasser Al-Sabah added. Iran has previously demanded a share in the Dorra field, whose proven reserves are estimated at about 20 trillion cubic feet, and described the Kuwaiti-Saudi agreement to develop it, signed in 2022, as “illegal.”[/size]
[size=45]The Kuwait Oil Company announced in a statement that the discovery represents “huge commercial quantities” of light oil and associated gas, stressing that it represents an important turning point in its ongoing efforts to explore hydrocarbons in the Kuwaiti maritime area. The company said that the initial estimated area of ​​the field is approximately 96 square kilometers. It explained that daily production from the “Nukhda-1” well from the Manaqish geological layer amounts to about 2,800 barrels of light oil and seven million cubic meters of associated gas.[/size]
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