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Iraq plans to increase production of heavy crude to rival Russia and Saudi Arabia in the Chinese market
Basra / Khazaal peace and Hamed Ahmed
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Iraq plans to increase production of heavy crude to rival Russia and Saudi Arabia in the Chinese market
Basra / Khazaal peace and Hamed Ahmed
British oil and gas services company "Petrofac" has won the contract to expand, management and maintenance of the facility to export oil floating in the Faw in Basra $ 75 million for two years , subject to renewal.
The company said in a statement that the transfer site UPI US economic news that it " has won a contract to help the Iraqi side expanding export floating oil platform in the Faw $ 75 million for a period of Negotiable year renewed for another year punctuated by the company the task of managing oil loadings and export with the maintenance of the facility services" .
She added that " the main role of the company is to provide site management services with a maintenance operations to export facilities in the platform," noting that "her previous track record of service in Iraq, which helped him to export approximately 1.5 billion barrels of oil over the past four years , " .ookdt the company said " the total value of the project to expand the facility that preceded the current contract was up $ 100 million , " indicating that " the Iraqi government is developing the expansion of the southern export platform project in order to expand export capacity to export platforms floating rate of 150%."
On the other hand, industry sources revealed that "Iraq 's intention to double its oil exports from Basra crude heavy to China during the first quarter of 2017 following the signing of a contract with the China National Ahornbek oil company, as well as refinery Essar Oil and Indian Exxon Mobil and Chevron Americas ore Basra heavy processing."
Informed sources said the "Reuters", that " the oil marketing company (SOMO) has doubled from forward sales of Basra crude heavy company Ahornbek Chinese exports during the year 2017 by 3%, equivalent to 40 to 60 million barrels per season at a rate of 435,000 to 652,000 barrels Day. "
Thus , Iraq is the third largest exporter of oil to China after Russia and Saudi Arabia , the index reached an annual increase exports by 15% amounted to up to 723,000 barrels for the period between January and October of 2016.
The sources also to the determination of SOMO, according to new contractual terms be equipped with Exxon Mobil and Chevron Americas more Basrah, as well as heavy refinery Essar Oil in India during the year 2017.
It indicated that these contracts will contribute to the rise in Basra exports to 3.53 million barrels per day during the first month of the new year 2017 in January, the highest rate since since last June.
On the other hand, said specialists in the bin Omar River Corporation's southern oil field, the development projects in the field carried out Bade national and as pointed to implement a project reservoir dove for the production of three oil materials confirmed that he will be completed early next year
, said media SoC manager, Abdullah Knight's "term" that "cadres of the South oil company has implemented projects in the bin Omar River field to raise production capacity , " asserting that "these projects are implemented Iyad national."
For his part, director of the project department at the South Oil Company Imad Hadi said the "long" that "project reservoir Yamamah oil projects that had been introduced since 2011 and the existence of challenges delayed some business", stressing that it "will be the completion of this project in the next year . " .
He explained that " the space that held the project amounting to 250,000 square meters and includes several phases implemented by the Coward South Oil", noting that "implemented in the bin Omar River field projects are a major field of two and each with a production capacity plant up to 25,000 barrels."
He stressed that "invested wells pressure dear South Oil Company and produced three types of oil, gas and sulfur , " noting that " the completion rate reached in the project to about 86%." In the same vein, the official said Division to develop fields in the Southern Oil Company , Falah Abdullah an interview for the "long", "was set up about 5 blocks for the project and two reservoirs 50 card thousand cubic meters each and every one of them as well as the creation of reservoirs for fire and safety card 1500 cubic meters an electric line antenna towers feeding the main station , " stressing that " the plant produces about 50,000 barrels per day . "the River field Ibn Umar, north of Basra from the oil fields to the South oil company , which did not fall within the oil licensing rounds projects and remained on the establishment of projects by the South oil company.
The company said in a statement that the transfer site UPI US economic news that it " has won a contract to help the Iraqi side expanding export floating oil platform in the Faw $ 75 million for a period of Negotiable year renewed for another year punctuated by the company the task of managing oil loadings and export with the maintenance of the facility services" .
She added that " the main role of the company is to provide site management services with a maintenance operations to export facilities in the platform," noting that "her previous track record of service in Iraq, which helped him to export approximately 1.5 billion barrels of oil over the past four years , " .ookdt the company said " the total value of the project to expand the facility that preceded the current contract was up $ 100 million , " indicating that " the Iraqi government is developing the expansion of the southern export platform project in order to expand export capacity to export platforms floating rate of 150%."
On the other hand, industry sources revealed that "Iraq 's intention to double its oil exports from Basra crude heavy to China during the first quarter of 2017 following the signing of a contract with the China National Ahornbek oil company, as well as refinery Essar Oil and Indian Exxon Mobil and Chevron Americas ore Basra heavy processing."
Informed sources said the "Reuters", that " the oil marketing company (SOMO) has doubled from forward sales of Basra crude heavy company Ahornbek Chinese exports during the year 2017 by 3%, equivalent to 40 to 60 million barrels per season at a rate of 435,000 to 652,000 barrels Day. "
Thus , Iraq is the third largest exporter of oil to China after Russia and Saudi Arabia , the index reached an annual increase exports by 15% amounted to up to 723,000 barrels for the period between January and October of 2016.
The sources also to the determination of SOMO, according to new contractual terms be equipped with Exxon Mobil and Chevron Americas more Basrah, as well as heavy refinery Essar Oil in India during the year 2017.
It indicated that these contracts will contribute to the rise in Basra exports to 3.53 million barrels per day during the first month of the new year 2017 in January, the highest rate since since last June.
On the other hand, said specialists in the bin Omar River Corporation's southern oil field, the development projects in the field carried out Bade national and as pointed to implement a project reservoir dove for the production of three oil materials confirmed that he will be completed early next year
, said media SoC manager, Abdullah Knight's "term" that "cadres of the South oil company has implemented projects in the bin Omar River field to raise production capacity , " asserting that "these projects are implemented Iyad national."
For his part, director of the project department at the South Oil Company Imad Hadi said the "long" that "project reservoir Yamamah oil projects that had been introduced since 2011 and the existence of challenges delayed some business", stressing that it "will be the completion of this project in the next year . " .
He explained that " the space that held the project amounting to 250,000 square meters and includes several phases implemented by the Coward South Oil", noting that "implemented in the bin Omar River field projects are a major field of two and each with a production capacity plant up to 25,000 barrels."
He stressed that "invested wells pressure dear South Oil Company and produced three types of oil, gas and sulfur , " noting that " the completion rate reached in the project to about 86%." In the same vein, the official said Division to develop fields in the Southern Oil Company , Falah Abdullah an interview for the "long", "was set up about 5 blocks for the project and two reservoirs 50 card thousand cubic meters each and every one of them as well as the creation of reservoirs for fire and safety card 1500 cubic meters an electric line antenna towers feeding the main station , " stressing that " the plant produces about 50,000 barrels per day . "the River field Ibn Umar, north of Basra from the oil fields to the South oil company , which did not fall within the oil licensing rounds projects and remained on the establishment of projects by the South oil company.
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