Political first: Oil: the signing of the final contract for Majnoon field day
Announced the imminent conclusion of a memorandum of understanding with the European Union to develop the sector
Baghdad, Taha Hussein, Tariq al-Araji
Sign and the Oil Ministry said the final contract with Shell and Petronas to develop the Majnoon oil output as part of the second licensing round, while announced that it will soon sign a memorandum of understanding with the European Union to develop the oil sector.
The Oil Minister Hussein al-Shahristani said that Iran has recognized the error committed by the occupation of the oil wells Fakkah, saying in a statement to "morning," said Iranian Foreign Minister Manouchehr Mottaki said during a recent visit to Iraq to Iranian power, which exceeded the limits will be included to the police station, who came from and return the situation to normal, in addition to that he was agreed on the demarcation of borders and the status of the pillars before the boundary commission which was formed recently under the chairmanship of the Foreign Ministers of the two countries.
The minister stressed that the government had since 2006 to set up joint committees with the neighboring countries that have common fields with Iraq to avoid such problems, noting that there are common fields on both sides with Iran, the eastern and south with Kuwait, in addition to Saudi Arabia and other fields in the western region , which requires, according to the minister, the agreements between these countries are called "existing uniform fields", through which the agreement of the parties to develop the field, so as to produce the highest possible amount and divided by the area of the field in each hand.
On a related matter, revealed al-Shahristani said the ministry had received many offers from several known international companies to invest in oil wells located within the field of loose change, oil, indicating that the ministry is seriously considering the offers for decision.
By another spokesman of the Ministry of Assem Jihad told (morning) said on Sunday the final contract will be signed for the Majnoon oil between the Southern Oil Company, which represents the Iraqi side and the Dutch and Shell Petranos Malaysia, which won the contract in the second licensing round, while the D-Day Monday's signing of the final contract for Gharraf oil field, which it won both the Dutch and Shell JAPEX Japanese.
He added that next week will witness the signing of the remaining two decades of the four contracts won by other companies in the second licensing round launched by the ministry last year after the end of that have been endorsed by Cabinet earlier this month, noting the ministry is keen on the choice of international companies have the expertise and high efficiency in the implementation of oil projects, in addition to its commitment to the diversity of the nationalities of those companies which included companies Russia, France, Italy, Malaysia and Korea and U.S., the Netherlands and Britain in addition to Japanese companies.
And Jihad, said the companies mentioned would be operational during the next few weeks, adding that investment in these fields will contribute to a very large increase in oil exports to the country, particularly Majnoon field, which is expected to reach its potential export more than one million Tmnmip thousand barrels per day.
He explained that the interest of the ministry will be largely in the period ahead to build new platforms in the Iraqi ports additional oil pipelines to deliver crude oil from these fields to the ports as well, confirming that these measures will work to accommodate the increasing quantities of crude oil will be exported by the Ministry during the next term, in addition to the implementation of investment projects for associated gas and gas located in the ground for increasing the amount of gas product to work to cover the country's needs and meet the needs of the Ministry of Electricity, which is building a giant gas-fired plants to generate electricity.
He added that the next plan of the Ministry including the increase of exploratory work teams are now working in various areas in the south of the country and the crutch in the western region, and continue its previous efforts to build refineries for the production of oil derivatives in all governorates of the country, adding that the ministry reached stages advanced in the implementation of the refinery in Karbala and direct the execution of the refinery architecture, but will be directly in the implementation of each of Msfii Kirkuk, Nasiriyah.
Jihad and stressed that the ministry is seeking through the implementation of these projects need to fill the entire country of these products to begin then export surplus to the world.
On a related Jihad revealed that the next few days will witness the signing of a memorandum of understanding between the Ministry of Oil and the European Union include benefiting from the expertise possessed by European companies in this area, particularly in the area of training and qualification of cadres working in the oil sector and the country's supply of equipment and modern equipment that would develop the oil sector
Announced the imminent conclusion of a memorandum of understanding with the European Union to develop the sector
Baghdad, Taha Hussein, Tariq al-Araji
Sign and the Oil Ministry said the final contract with Shell and Petronas to develop the Majnoon oil output as part of the second licensing round, while announced that it will soon sign a memorandum of understanding with the European Union to develop the oil sector.
The Oil Minister Hussein al-Shahristani said that Iran has recognized the error committed by the occupation of the oil wells Fakkah, saying in a statement to "morning," said Iranian Foreign Minister Manouchehr Mottaki said during a recent visit to Iraq to Iranian power, which exceeded the limits will be included to the police station, who came from and return the situation to normal, in addition to that he was agreed on the demarcation of borders and the status of the pillars before the boundary commission which was formed recently under the chairmanship of the Foreign Ministers of the two countries.
The minister stressed that the government had since 2006 to set up joint committees with the neighboring countries that have common fields with Iraq to avoid such problems, noting that there are common fields on both sides with Iran, the eastern and south with Kuwait, in addition to Saudi Arabia and other fields in the western region , which requires, according to the minister, the agreements between these countries are called "existing uniform fields", through which the agreement of the parties to develop the field, so as to produce the highest possible amount and divided by the area of the field in each hand.
On a related matter, revealed al-Shahristani said the ministry had received many offers from several known international companies to invest in oil wells located within the field of loose change, oil, indicating that the ministry is seriously considering the offers for decision.
By another spokesman of the Ministry of Assem Jihad told (morning) said on Sunday the final contract will be signed for the Majnoon oil between the Southern Oil Company, which represents the Iraqi side and the Dutch and Shell Petranos Malaysia, which won the contract in the second licensing round, while the D-Day Monday's signing of the final contract for Gharraf oil field, which it won both the Dutch and Shell JAPEX Japanese.
He added that next week will witness the signing of the remaining two decades of the four contracts won by other companies in the second licensing round launched by the ministry last year after the end of that have been endorsed by Cabinet earlier this month, noting the ministry is keen on the choice of international companies have the expertise and high efficiency in the implementation of oil projects, in addition to its commitment to the diversity of the nationalities of those companies which included companies Russia, France, Italy, Malaysia and Korea and U.S., the Netherlands and Britain in addition to Japanese companies.
And Jihad, said the companies mentioned would be operational during the next few weeks, adding that investment in these fields will contribute to a very large increase in oil exports to the country, particularly Majnoon field, which is expected to reach its potential export more than one million Tmnmip thousand barrels per day.
He explained that the interest of the ministry will be largely in the period ahead to build new platforms in the Iraqi ports additional oil pipelines to deliver crude oil from these fields to the ports as well, confirming that these measures will work to accommodate the increasing quantities of crude oil will be exported by the Ministry during the next term, in addition to the implementation of investment projects for associated gas and gas located in the ground for increasing the amount of gas product to work to cover the country's needs and meet the needs of the Ministry of Electricity, which is building a giant gas-fired plants to generate electricity.
He added that the next plan of the Ministry including the increase of exploratory work teams are now working in various areas in the south of the country and the crutch in the western region, and continue its previous efforts to build refineries for the production of oil derivatives in all governorates of the country, adding that the ministry reached stages advanced in the implementation of the refinery in Karbala and direct the execution of the refinery architecture, but will be directly in the implementation of each of Msfii Kirkuk, Nasiriyah.
Jihad and stressed that the ministry is seeking through the implementation of these projects need to fill the entire country of these products to begin then export surplus to the world.
On a related Jihad revealed that the next few days will witness the signing of a memorandum of understanding between the Ministry of Oil and the European Union include benefiting from the expertise possessed by European companies in this area, particularly in the area of training and qualification of cadres working in the oil sector and the country's supply of equipment and modern equipment that would develop the oil sector