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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 negotiates international companies to maintain oil production at 4.8

    Rocky
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    Iraq negotiates international companies to maintain oil production at 4.8  Empty Iraq negotiates international companies to maintain oil production at 4.8

    Post by Rocky Thu 28 Jul 2016, 6:33 am

    [size=48][ltr]Iraq negotiates international companies to maintain oil production at 4.8 million barrels per day[/ltr][/size]
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    July 28, 2016
     


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    AL-BASRA OIL TERMINAL, IRAQ: A worker fishes while a tanker is loaded with crude at the Basra Oil Terminal.
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    Our economy / Agencies
    Oil Ministry revealed on Thursday for negotiations conducted by Iraq with oil companies to develop and establish a refinery south of the country fields, while those negotiations designed to keep Iraq's oil production rate of up to 4.8 million barrels per day.
    According to the site (Bloomberg) US economic news, the Iraqi Oil Ministry revealed negotiations with the company (ExxonMobil US), and (Petrojayna) Chinese to develop two oil fields in the south of the country, in an effort to keep the total oil production of the country up to 4.8 million barrels per day rate during the the remaining period of 2016.
    The website quoted Undersecretary of the Iraqi Ministry of Oil Fayyad grace, remarks, in which he said, "The two companies had submitted bids to develop the fields Artawi and rivers Umar oilfields in southern Iraq, which the ministry hopes that their production rate together to 550 thousand barrels per day," noting that "the production of the two fields now stands at 70 thousand barrels a day. "
    He said grace, that "The ministry would like to proceed with work on the project within six months," adding that "the sum of the total production of oil in Iraq currently stands at 4.78 million barrels per day, 4 million of them produced by Iraq fields in the south, while the Kurdistan Regional Government contribute to the production of the remaining , where you inject nearly 700 thousand barrels per day independently of the central government. "
    The Undersecretary of the Ministry of Oil, "the Iraqi oil exports from the south stood at 3.19 million barrels per day," likely that "the amount of oil exports to those fields rates to 3.2 million barrels per day by the end of July of this."
    He revealed grace, for "separate negotiations conducted with Iraq (Petrojayna) Inc. (Kocaz) Korean, to reach a final agreement to build a refinery of 300 thousand barrels per day and the development of an oil field in southern Iraq."


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