Start the flow of crude oil from the Ahdab to global markets

Start the flow of crude oil from the Ahdab to global markets
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24/07/2011

Kut, Hassan Shaheed Al-Azzawi said Wasit province yesterday, the start of the flow of crude oil from the Ahdab to the world market by 60 thousand barrels per day, as will field plant construction gas to generate electricity. The deputy governor of Wasit Al Sabih gesture »Sabah»: Vice Prime Minister for Energy, Dr. Hussain al-Shahristani, Oil Minister Abdul-Karim and coffee and a number of officials in the governments local and federal attended the ceremony to announce the start pumping crude to world markets. He added that the pumping started with 60 thousand barrels per day as a first stage and up to 120 thousand barrels end of this year, that up production to 200 thousand barrels per day next year. He is a gesture that the Oil Ministry announced a study to establish a station gas to generate electricity within the site field card 360 MW gas extracted from the field, and will be completed within six months, pointing out that the project will be submitted to the cabinet to obtain the regulatory approvals. He continued by saying that the production of the field exceeded the expected, as was hoped and arrival after three years of production to 115 thousand barrels per day, according to the contract between the Company (CNPC) China developed for the field and the oil ministry, adding that the company "Oasis" China has completed the drilling of 50 wells in oil field and pipeline transfer of product oil toward the station Zubaydiah electrical and southern ports. The Ahdab oil field is one of the fields is invested, which was directly developed by early 2009, featuring the field that was discovered in 1979 a reserve of 225 million barrels of crude oil.

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Pumping begins at al-Ahdab oil field
24/07/2011 11:29

Erbil, July 24 (AKnews) – China’s largest oil company began pumping crude from al-Ahdab, the first major new oil field in Iraq for 20 years, to export terminals in the south yesterday.
Governor of Wasit, and responsible in the Ahdab oil field
Officials said output is currently flowing at 40,000 barrels per day (bpd) and will rise to 60,000 bpd within a few days, with an eventual projected flow of 160,000 bpd. Exports of the oil will begin on August 1.

China National Petroleum Corp. signed a deal with the Iraqi government in 2008 to exploit the Basra field’s substantial resources of more than one billion barrels for 23 years.

China is increasing its financial foothold in Iraq with a focus on the energy and natural resource fields. Iraqi Prime Minister Nouri al-Maliki visited Beijing last week in a move aimed at securing greater investment from the Asian giant.

By Patrick Smith